Donate Securities

The Cooper Union welcomes gifts of cash, but also encourages donors to consider gifts of securities.  Gifts of appreciated securities or stock can often be one of the most advantageous ways to support Cooper Union because of the significant tax relief offered.

By making a gift of appreciated securities that you have owned for more than 12 months, you avoid capital gains taxes on the appreciation, and can take a tax deduction for the securities’ full market value rather than just the original cost.

If the securities are held by your bank or broker in electronic form:

Please contact Jeanne Lunin at (212) 353-4107 or jlunin@cooper.edu to let us know the name of the securities that you wish to transfer and the purpose for which you want your gift to be used.  It is important that you inform us that you are transferring securities so that we can properly acknowledge your gift.

Note:  In order to avoid incurring capital gains on a sale of appreciated securities, do not instruct your custodian to sell them.  Rather, request your custodian to transfer your securities to our account at JP Morgan, below.

J.P. Morgan Chase 
DTC # 0902
Cooper Union Gift Account # P26055

 

Please note that mutual funds are not eligible for DTC transfer.


If you are in physical possession of the certificates:

  1. Send or deliver unendorsed certificates by registered mail to The Cooper Union, c/o Business Office, 30 Cooper Square, 7th Floor, New York, NY 10003-7120. Include a hand-signed letter of transmittal in which you fully describe the securities and clearly state your intention to make a gift to the college.
  2. Under separate cover by first-class mail send a signed and dated stock power for each certificate. Fill in only the description of the securities. Do not fill in The Cooper Union's name as transferee.
  3. Be sure to endorse the stock or bond power exactly as your name appears on the face of the certificate and to obtain a signature guarantee from a commercial bank or from a broker who is a member of a national securities exchange.


For additional information, please contact Jeanne Lunin at (212) 353-4107 or jlunin@cooper.edu.

  • Founded by inventor, industrialist and philanthropist Peter Cooper in 1859, The Cooper Union for the Advancement of Science and Art offers education in art, architecture and engineering, as well as courses in the humanities and social sciences.

  • “My feelings, my desires, my hopes, embrace humanity throughout the world,” Peter Cooper proclaimed in a speech in 1853. He looked forward to a time when, “knowledge shall cover the earth as waters cover the great deep.”

  • From its beginnings, Cooper Union was a unique institution, dedicated to founder Peter Cooper's proposition that education is the key not only to personal prosperity but to civic virtue and harmony.

  • Peter Cooper wanted his graduates to acquire the technical mastery and entrepreneurial skills, enrich their intellects and spark their creativity, and develop a sense of social justice that would translate into action.