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When you give appreciated assets, you avoid paying capital-gains tax on the increased value of your stock. You may also be entitled to a charitable deduction based on the stock’s current value. Contributing stock is a great way to enjoy membership in WAMU 88.5 with associated benefits. A gift of $1,200 or more qualifies you for membership in WAMU’s Leadership Circle.
How to donate stock to WAMU 88.5
WAMU has a special process in place for transferring gifts of stock and mutual funds. This is to ensure that your gift goes to the right place. As a part of the transfer process, you or your broker must notify WAMU.
Your broker will need the following information:
DTC Eligible Securities
- DTC # 0443
- Pershing, LLC
- For credit to account # N7M002226
- Client account name: American University
- Must include WAMU on transfer information and contact us to let us know the gift is coming
- Broker: Jorja Watts, 412-234-0439 or jorja.watts@bnymellon.com
- Alternate contact: bnymcmgiftprocessing@bnymellon.com
Fed Eligible Securities (Treasury Securities)
- ABA# 021000018
- Bank of NY/Pershing
- For Credit to account #: N7M002226
- Client account name: American University
- Must include WAMU on transfer information and contact us to let us know gift is coming
If you are transferring a mutual fund asset, please contact WAMU 88.5 before initiating that transaction. Mutual funds require special handling.
It’s important to notify WAMU 88.5 when you have completed your request to your broker so that we can follow up. Please alert WAMU directly of your pending stock donation (including the company and number of shares) so that we can credit your gift in a timely and accurate manner. To ensure proper gift identification, please call Eliza Saunders at 202-885-8904 or send an email to esaunders@wamu.org.
WAMU’s Tax ID/EIN: 53-0196549