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Mary's College Planned and Special Gifts 110 Le Mans Saint Mary's College Notre Dame, IN 46556 574/284 4600 Fax 574/284-4749 jamacken@saintmarys.edu Planned Giving |
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Giving appreciated stock to Saint Mary's College is very much a "win-win" situation due to the favorable tax treatment on such gifts. It allows the College to receive a larger gift than if the stock was sold by the owner and the proceeds donated to the College. In turn, the owner receives a greater tax deduction by giving the stock directly to the College. (See A Saint Mary's Example ). Many people who own stock today have it held for them by their brokerage firm. To sell the securities held by your brokerage firm, an electronic transfer can be done to fulfill your wishes in selling or disposing of the securities. Another means of maintaining holdings of stock is to take delivery of the stock (receive the stock certificate) when purchasing. To sell or transfer stock when a physical certificate is held by the owner, a manual transfer must occur. The owner needs to take or mail the stock certificates to the new owner, a bank or brokerage company (for them to transfer), or to the company's transfer agent. Please direct questions to: Adaline
Stefanac Cashore '70, Phone:
574-284-4706
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©
2002 Saint Mary's College
Development Office
