Gifts of Stock

When you give  long-term, appreciated securities to the law school, you avoid the capital gains tax on the securities that would result if you sold the same stock and gave the proceeds to the law school. When donating stock you are entitled to a charitable tax deduction equal to the value of the securities on the date of transfer to Washington and Lee.

Please click here to let us know of a pending stock transfer.  Alternatively, you may send a letter describing your gift of stock and including details of the stock transfer from your broker to Washington and Lee.  Please address such letters to:

Washington and Lee University
Sandy Beverly
Development Building
204 West Washington Street
Lexington, VA 24450-2116

The following information is necessary to transfer a stock gift to the University:

Electronically transferring stock - Please contact SunTrust Investment Services at the address below. In addition, please inform Washington and Lee's Development office of the type of stock to be transferred and either the number of shares to be transferred or the approximate value of the stock. If you do not have this information at the time you call SunTrust Bank, you may fax, e-mail or mail the information to the Development office once the transaction has been completed.

DTC #: 0226
Account #: WXW-032334
Account Name: Washington and Lee University

SunTrust Investment Services
Attn: Adrian Barr
Private Wealth Management
Mail Code: GA-ATL-0704
303 Peachtree Center Ave, Suite 140
Atlanta, GA 30303
Telephone: 404-813-4005 or 800-874-4770 option 2
Fax: 404-813-7200
Email:  adrian.barr@suntrust.com

Transferring Stock Certificates - At your local bank, ask for as many stock power assignment forms as there are stock certificates to be transferred. A bank officer must sign these forms (only a signature, nothing on the back of the form, no date, etc.) to authenticate them. At that time, mail two separate envelopes to W&L (attn: Treasurer's Office): one with the certificates and the other with the stock power assignment forms (with bank signature authorization). The date of the gift will be the date of the postmark, and the value will be the mean value of the stock on the date of the gift.

Should you have any questions or require additional information, please do not hesitate to call or fax:
•Sandy Beverly, Gift Accounting Lead: (540) 458-8413, sbeverly@wlu.edu or (540) 458-8428 (fax)
•Lori Oliver or Steve McAllister, Treasurer's Office: (540) 458-8740, smcallis@wlu.edu or (540) 458-8945 (fax)