Planned Giving at Connecticut College

Gifts of Appreciated Securities

CLICK HERE FOR A DETAILED EXPLANATION

How It Works

You transfer securities you have owned for one year or more to Connecticut College.

Connecticut College sells your securities and uses the proceeds for its programs.

Benefits

You receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
You pay no capital gains tax on the securities you donate.
You can direct your gift to a specific fund or purpose.
You have the satisfaction of making a significant gift now or funding a life-income gift that benefits Connecticut College later.

GIVING SECURITIES OR MUTUAL FUND SHARES

You may enjoy substantial tax savings by transferring gifts of appreciated securities to Connecticut College. These gifts will be credited at fair market value.** Gifts of long-term appreciated assets (securities owned for at least one year and one day) are particularly beneficial in terms of tax savings, if you qualify.

In addition to receiving a charitable deduction, you may avoid the capital gains tax and any sales commission that would be due upon the sale of the security. All questions regarding the transfer of securities for life income gifts to Connecticut College should be addressed to:

William O’Neil
Office of College Advancement
Connecticut College
Becker House
270 Mohegan Avenue
New London, CT 06320
860-439-2414 or 1-800-888-7549
woneil@conncoll.edu

How to give appreciated securities
Gifts of appreciated securities are handled by the Office of College Advancement. Before transferring or sending stock certificates, it is important to notify the College to ensure proper crediting. In particular, no donor name is attached to electronic transfers, making it important that either you or your broker contact Bill O’Neil to notify the College of your gift.

Securities held by your bank or broker
Please notify your bank, broker or mutual fund company when you are making a gift of securities or mutual fund shares to Connecticut College and instruct your representative to contact Bill O’Neil. Please remind your broker to include your name with the transaction or call the College after the transaction is made to inform us of who made the gift.

If the security is not held in paper, the stock can be transferred directly to Connecticut College’s account with State Street Global Advisors.

Securities held by you
If securities are in your possession, mail the unsigned certificate in a separate envelope by registered mail along with a letter with your name, address and Connecticut College class year stating what is being given and the designation of the gift. Please also mail an endorsed stock power for each certificate including a copy of your letter. The stock power must be written exactly as it appears on the certificate. Your bank, broker, or College Advancement can supply you with blank stock powers.

If the certificate represents a greater number of shares than you intend to give, indicate in the letter how many shares go to the College and how many shares should be returned to you. Include your Social Security number so the certificate can be reissued in your name.

For most expedient handling, do not fill in Connecticut College’s name as transferee on either the stock certificate or the stock power, and please do not send stock certificates to a transfer agent for transfer into Connecticut College’s name.

Mutual Fund Shares
The procedure for transferring shares is established by the mutual fund company, and we will be able to assist you with the appropriate letters of instructions.

**Valuation and Date of Gift
The value of your gift is the mean between the high and low quotations on the date you make your gift. The IRS determines that your gift is made on the date the securities pass unconditionally from your control. For mailed securities, this is the date of mailing. For securities transferred by your broker, this is the day the stock is received in a Connecticut College account.

Donor Privacy
Connecticut College places the highest priority on protecting the privacy of our donors and holds all donor information in strict confidence. The College does not sell or trade a donor’s personal information to any other entity.

CONNECTICUT COLLEGE’S FEDERAL TAX ID NUMBER IS: 06-0646587

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To learn more about gifts of appreciated securities, Email us, complete the Information Request Form, or call us at (860) 439-2414 so that we can assist you.

Connecticut College
270 Mohegan Avenue
New London, CT 06320-4196
(860) 439-2414 | Fax: (860) 439-5455