Beloit College Alumni

Appreciated securities make tax-wise gifts. Subject to certain limitations, you may make a charitable gift of appreciated stock at a remarkably low after-tax cost. These tax savings are achieved in two ways. First, you pay no capital gains tax on the transfer of stock to Beloit. Second, you may receive an income tax charitable deduction for the full fair market value of the stock on the date of the gift (assuming you have held the stock for at least one year). Example: Mr. Pearson purchased some stock many years ago for $1,000. It is now worth $10,000. An outright gift of the stock to Beloit College could result in a charitable contribution deduction of $10,000. In addition, there is no tax on the $9,000 of appreciation.

Read more about Gifts of Securities

Read more about Gifts of Closely Held Securities

Making Gifts of Stock

A note about gift value: The date and value of the gift varies according to the delivery method. Generally, if the stock is transferred electronically (DTC), the College will value the gift on the date the stock is received into its account at State Street Bank. If the stock certificate is mailed, the date of the gift will be indicated by the postmark on the envelope. The value of the stock will be the average of the reported high and low of the security on the date of the gift.

When making gifts of stock, mutual fund shares, or thinly traded shares, please include the name of the stock, the number of shares, and the designation of the gift.

For information on making a gift of stock and transfer instructions, email our
Gift Planning Assistant, or call 800-331-4943 or 608-363-2533.

To send stock by wire transfer (DTC), notify your broker of the following information:

Transfer Agent: State Street Bank
Account Name: Beloit College
Account Number: GHA2
DTC Number: 0997
Beloit's Federal ID Number: 39-0808497

Without the name of the donor, Beloit College will be unable to sell the shares, and the donor will not receive credit for the gift. Before initiating the transfer, please be sure that you or your broker contact our Gift Planning Assistant, at 800-331-4943 or 608-331-2533, or by fax 608-363-2459.

To send stock certificates by mail, send a dated cover letter and the unendorsed certificates by registered mail to:

Beloit College
Attn: Gift PlanningAssistant
Office of External Affairs
700 College Street
Beloit, WI 53511

Include your name, address and the purpose of the gift. In a separate envelope, send the stock power (available from your broker or banker) and a copy of your cover letter. The stock power should be left blank except for the date and your signature, which must be exactly as your name appears on the stock certificate.