When making a gift to the Ourso College, the LSU Foundation should be specified as the legal entity to receive a private gift from a donor on behalf of the E. J. Ourso College of Business Administration. It is LSU who holds our present and our destiny in her great hands. If ever we must build LSU, it is now. In the case of a gift of securities, the amount of the charitable tax deduction is the fair market value of the stock or other security on the effective date of the transfer. According to IRS rules, the fair market value of a publicly traded security is the mean between the highest and lowest quoted selling prices on the date of the transfer.
Policy calls for immediate sale of securities transferred as gifts.
Donation of appreciated securities is a particularly attractive method of support because of the potential tax benefits to the donor. The donor avoids paying capital gains on the securities and receives credit for a qualifying charitable contribution.