Gifts of Stock and other Property
Gifts of Stock and Marketable Securities
Stocks, bonds, notes or other instruments for which value can be determined in the financial markets should be made payable to Denver Seminary. Donors are encouraged to consult their tax advisor in advance before donating marketable securities.
Stock transfers should be made to Denver Seminary's Well's Fargo Trust Minnesota, N.A. account #1190006324 using DTC# 2027 and Routing #94866. Please notify a member of the advancement team before making the transfer so that we can help facilitate the transaction.
If the securities are not held in an account with a broker, the unendorsed certificates should be mailed to the Vice President of Advancement and a signed signature guaranteed stock power should be mailed in a separate envelope by registered mail.
Gifts of restricted stock cannot be accepted. Internal Revenue Service guidelines are followed in establishing the value and receipting the gift of securities. Because of the frequent fluctuations in the financial markets, all gifts of securities are liquidated upon receipt.
Gifts of Real Estate
Denver Seminary welcomes gifts of real estate. It is the donor's responsibility for obtaining appraisals, EPA studies, etc., for gifts of property except in such cases where the Administrative Council of Denver Seminary agrees to assume that responsibility.
Gifts must be reviewed by the Vice President for Financial Affairs and the Vice President for Advancement. The review should be conducted with the awareness of environmental and economic impact, and other issues put forth in a standard property checklist. The Administrative Council of Denver Seminary has final approval for receiving all gifts of real estate.
Gifts of Personal Property
Gifts of personal property (i.e. cars, antiques, paintings, etc.) are received with approval from the Vice President of Advancement. The donor is responsible for securing appraisals on such property according to Internal Revenue Service guidelines. Denver Seminary will immediately liquidate these items through appropriate channels. A form 8582 must be filed by Denver Seminary and a copy provided to the donor for gifts with an internally determined fair market value in excess of $500.00.
Gifts of Equipment
Gifts or equipment (i.e. network server, HVAC unit, etc.) are received with approval from the Vice President of Advancement. If the gift requires repair and/or ongoing maintenance that may not be part of the institutional budget, prior approval must be received from the Administrative Council of Denver Seminary for receiving all such gifts.
Denver Seminary welcomes gifts of stock, marketable securities, life insurance, real estate, vehicles, equipment and other types of in-kind gifts. For more information or to discuss making an in-kind gift, contact Gary Hoag at 303-762-6941 or . Thank you.
