Transferring stock to Hampshire College is for many the preferred way to make a gift. It's easy, and your gift is fully tax-deductible at the current market value of the stock. Here's how it works: A gift of appreciated securities creates a win-win situation. You win by avoiding the high cost of capital gains tax and by receiving a tax deduction for the appreciated security. In most cases, you may deduct the fair market value of your gift. For example, you purchased stock in 1990 for $250 and it is now worth $2,000. If this is an outright gift, you can claim a $2,000 charitable deduction on your next income tax return. In a 31% bracket, that's a tax savings of $620. Additionally, you avoid federal and state taxes that would be due if you sold the stock.
1. Notify Sherri Schon at 413.559.6078 or email: email@example.com that a gift is being transferred. Provide the donor name, number of shares, and the name of the stock or the stock code, as well as the proposed designation
2. If the stock is held book entry, please have the shares delivered to:
US Bank NA
DTC Participant number 2803
Fbo Hampshire College
Account Number: Contact Theresa Meckel at 413.559.5772 for the number
Contact: Shaun L Tillman at: 215.761.9355
3. If you hold the stock in certificate form, please send the unsigned certificate and signed stock power under separate cover (registered mail) to:
US Bank NA
50 South 16th Street, Suite 2000
Attn: Shaun Tillman, Institutional Custody
Philadelphia, PA 19102
4. If you are donating mutual funds, please let your broker know it will need to be transferred via the Automated Customer Account Transfer Service (ACATS) and they will need to contact Shaun L Tillman at phone 215.761.9355 for specific instructions.
If you have any questions, please do not hesitate to contact Sherri Schon, gifts and records specialist, at 413.559.6078. Thank you for considering Hampshire in your charitable plans!