Giving to Florida Tech

Giving to Florida Tech

Transfer Stock to Florida Tech

One of the most advantageous ways to contribute to the university is through a gift of stock. Making a gift of securities is simple and offers a number of benefits:

  • You can donate appreciated stocks, bonds or mutual funds
  • The total value of the stock upon transfer is tax-deductible
  • There is no obligation to pay any capital gains taxes on the appreciation

The university recommends that you consult with your tax advisor regarding your specific tax situation.

Procedures for Stock Gifts

The donor or donor’s broker should inform the Florida Institute of Technology Office of Development via email to gifts@fit.edu of the following information:

  • Name of donor
  • Name of company/security
  • Ticker symbol or CUSIP
  • Number of shares
  • Broker contact information, and
  • Designation language, for example: “given for the benefit of Florida Institute of Technology” or if restricted, specific language as to the donor’s intent.

The donor’s broker may use the following account information for the securities transfer.  

Receiving Firm Name:                        Wells Fargo Clearing Services LLC
DTC Clearing Number:                      0141
Account Number:                                 2783-5775
Name of Recipient:                              Florida Institute of Technology

It is important that you authorize your broker to disclose to the university your name and the details pertaining to the stock transfer. This will allow us to efficiently identify the gift when it arrives and to acknowledge it.

 If you have any questions, need assistance or would like to transfer stock certificates held by you, please contact the Development Office at (321) 674-8962, or by email to gifts@fit.edu