Non-cash gifts

Although cash is the most common form of gift to the Institute, there are other avenues for making a contribution.

Securities

Giving appreciated securities or mutual funds is a fast and easy way to make a gift to MIT. Gifts of stock can be directed to any area of the Institute, and can help you —

  • diversify your assets, and
  • minimize capital gains taxes.

It is almost always a better strategy to give appreciated securities directly to the Institute, rather than selling them and donating the proceeds of the sale. In fact, many alumni find that the tax benefits associated with giving appreciated securities to MIT actually allow them to increase the size of their gift. If you own securities that have lost value, you can sell the stock, take the capital loss deduction, and make a gift to MIT.

Here are instructions for giving appreciated securities:

Mutual Funds

If you would like to make a gift of mutual funds (held by any firm other than Vanguard), please follow these instructions.

Mutual Funds should be transferred directly from your account to MIT’s:

        Fidelity Investments
        DTC Number: 0226
        Massachusetts Institute of Technology
        Account #Z71-081108

Upon making your gift of mutual funds, please notify the Recording Secretary’s Office so we can properly credit your gift by sending an email to (JavaScript must be enabled to view this email address) or calling 617-523-5048 with the following:

        Name of Donor
        Security Name and Symbol
        Number of Shares
        Purpose (Designation) of Gift

If you would like to make a gift of mutual funds held by Vanguard, please request Vanguard Client Services to transfer your gift to MIT’s account, 88097492562. For assistance at Vanguard, please call 800-662-2739.

It is possible you may need to submit form FGSF.  Please complete section 1, MIT completes section 2. Pages 7 to 24 can be ignored. The completed form can be submitted to (JavaScript must be enabled to view this email address) for signature.

Upon making your gift of mutual funds, please notify the Recording Secretary’s Office so we can properly credit your gift by sending an email to (JavaScript must be enabled to view this email address) or calling 617-523-5048 with the following:

        Name of Donor
        Security Name and Symbol
        Number of Shares
        Purpose (Designation) of Gift

MIT’s Taxpayer ID Number is 04-2103594.

Please direct any questions about any gift to the Recording Secretary’s Office: (JavaScript must be enabled to view this email address) or 617-523-5048.

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Closely held stock

Don’t believe the conventional wisdom: you can make a charitable gift of closely held shares of stock in your own company, and receive the same tax benefits as if those shares had been publicly traded.

You must secure a qualified appraisal of stock in order to receive this deduction. MIT can sell the shares back to the company, either for a lump sum or a promissory note, on the condition that there has been no prearrangement with the company.

Questions about closely held stock gifts can be directed to:

MIT Office of the Recording Secretary
617.253.5048
(JavaScript must be enabled to view this email address)

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IRA Charitable Rollover Gifts

Download the charitable rollover gifts pdf.

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Other assets

You can significantly benefit MIT and at the same time reduce your taxes by giving assets other than cash and stock.

Retirement assets

When retirement assets—those held in qualified retirement plans or in individual retirement accounts (IRAs)—pass to heirs, they can lose up to 85% of their value to estate, gift, and income taxes. If you designate them to MIT, they are not taxed and their full value supports the purpose you choose. Thus, giving retirement assets magnifies your impact without costing your heirs.

For taxpayers over age 70½, the IRA charitable rollover provision allows tax-free distributions directly to charity from traditional or Roth IRAs in 2008 and 2009.

Real estate

By giving real estate, you can avoid the capital gains taxes and brokers’ fees often associated with selling these assets. You may give real estate outright to MIT, or use it to establish a gift that pays you income.

Such contributions may consist of a full or partial interest in almost any kind of property, including—

  • residence,
  • vacation home,
  • farm,
  • ranch,
  • condominium,
  • cooperative apartment, or
  • commercial property.

Personal property

Gifts of personal property are a creative way to earn a tax deduction while helping MIT. You can give equipment, artwork, rare books, or any other kind of property that the Institute can use in its educational mission. We would be happy to consult with you about gifts of personal property.

Questions about each of these types of gifts of other assets can be directed to:

MIT Office of Gift Planning
617.253.6463
(JavaScript must be enabled to view this email address)

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