Making Gifts to Virginia Tech

All gifts made for the benefit of Virginia Tech are received and managed by the Virginia Tech Foundation, Inc. Gifts of cash are managed through the University Development Office, gifts of real estate are managed by the Foundation's Business Manager, and gifts of stocks and bonds are managed through the Office of Investments and Debt Management.

Typically, three types of securities are gifted; publicly traded stock, private stock, and shares of mutual funds. The public stock transfer instructions differ depending on whether you own the actual certificates or have them on account in "street name" with your broker. Each gift of public stock must be accompanied by a letter of authorization and a separate stock power.

A gift of private stock may create a tax liability for the donor or the Foundation. As a result, additional information is required before the Foundation can receive a gift of private stock. Be sure to review the private stock transfer instructions carefully to determine what information is needed when gifting private stock.

The process of transferring mutual fund shares is different from company to company and is typically a slow and manual process. Please review the mutual funds transfer instructions to guide you through the process of gifting shares of mutual funds.

After reviewing the instructions for publicly traded stock, private stock, or mutual fund shares, feel free to give Greer Boyd a call at (540) 231-7094 or email her at idm@vt.edu with any questions.