Gifts of Securities
IMPORTANT: On order by Gov. Tom Wolf, Drexel University is currently closed. No physical mail to campus will be received. Please address ALL gifts to Drexel University, P.O. Box 8215, Philadelphia, PA 19101-9684 or make gifts online at drexel.edu/givenow
. Questions: Call 215.895.2612. Thank you for your support for Drexel University and our students!
You can make your mark on the future and empower Drexel University to reach its potential by donating a gift of your appreciated securities.
If you’ve owned a publicly traded stock for more than a year, you can donate it to Drexel University, which is a qualified charitable organization. In so doing, you will benefit from two major tax breaks:
- an exemption from paying capital gains on its appreciated value; and
- a deduction on your federal income tax based on the security’s current fair market value, no matter what you originally paid for it.
When you make your gift, we will sell your stock and use the proceeds to support causes that are meaningful to you. You may make the gift outright to the University or fund a gift that pays income for life and benefits Drexel in the future.
See below or download the Drexel University Securities and Cash Transfer Procedures and Information Document [PDF] for details on how to make a gift of securities to Drexel.
Electronic Transfer of Stock
You may transfer securities through DTC (the Depository Trust Company) to Drexel’s account at our broker, UBS Financial Services Inc. First be sure to fill out the Securities and Cash Transfer Information Form and forward it by email or fax (215.895.4966).
Designate the wire transfer as follows:
Account Name: Drexel University
DTC # 0221
Account # PY 84940
Tax ID # 23-1352630
If you are transferring a mutual fund, you may transfer it through DTC as noted above, as long as it is DTC eligible. Otherwise, you should contact our UBS broker, John T. Garvey at 215.496.2042 or 1.800.345.7941 and get a Bank Identification Number (BIN) for the transfer.
Stock Transfer by Mail
If you prefer instead to transfer stock by mail, make sure the stock certificates are made out to Drexel University. If the stock is made out in your name, you must endorse the back of the stock certificate and submit a completed stock power. Send the certificate by registered mail to:
Associate Director, Gift Accounting, Records Management
Office of Institutional Advancement
Please don’t hesitate to contact our UBS representatives, John T. Garvey or Brady Hooper, if you encounter problems.
Cash Wire Transfer
In order for a wire transfer to be made to Drexel University's account at TD Bank, the following information must be provided to your broker:
Account Name: Drexel University Concentration
ABA Number: 031 101 266
ACH Routing Number: 011 103 093
Please be sure to inform your financial institution to include the following information in the description of the transfer:
Purpose of Gift
Donor's contact person in Development Office
Before the wire transfer is made, please download the Securities and Cash Transfer Information Document [PDF] fill it out, and submit by fax (215.895. 4966) or mail to Reginald Battles in the Office of Institutional Advancement. This form enables us to process your gift correctly. Thank you!