Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Elmira College.
Benefits of gifts of stocks and bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to make a gift of stocks and bonds
By electronic transfer
- To be sure your gift is designated as you wish, please contact your broker or banker stating your wish to give securities to Elmira College. Specify the type of stock and number of shares, whether
your gift is designated for a specific purpose, and the date on which the gift is to be transferred.
Please share the following information with your broker or banker:
Elmira College's Broker: Morgan Stanley
DTC: 0015
Account Name: Elmira College
Account Number: 411-036836-017
Elmira College's Tax ID Number: 16-074-3996
Please contact us for questions or further information.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Contact us
If you have any questions about gifts of stocks and bonds, please contact us. We would be happy to assist you and answer any questions that you have.
