The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a donated bond is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund gift is calculated using the NAV (net asset value) for the fund as of the gift valuation date.
The gift valuation date varies by the type of transfer, as follows:
The gift valuation date for securities sent to Notre Dame via DTC is the date the securities are deposited to the University's Schwab account.
The gift valuation date for mutual fund shares is the date they are deposited to either the University's Charles Schwab account or to a mutual fund account in the University's name.
The gift valuation date for book-entry shares is the date of transfer from the donor's account to Notre Dame's account.
The gift valuation date for physical securities is determined by the postmark on the envelope used to mail the securities to Notre Dame. For hand delivery of securities, it is the date the securities are turned over to a representative of the University.