Gifts of Appreciated Securities

Transfer Instructions

Gifts of securities offer significant additional tax benefits and are easy to transact. They offer a double advantage when you give appreciated stock of mutual funds that you have held for more than one year. You will save all capital gains taxes and may deduct the full market value of the securities on your Federal income tax return. To get this double advantage, you need to give the appreciated securities directly to the College. Selling the stocks yourself and giving the proceeds to Allegheny College will incur capital gains tax.

The date of the gift is determined as follows:

• If you mail the certificate and stock power, the date of the gift is the latter of the postmarks on the two envelopes.
• If you have your broker handle the gift, the date of the gift is the date on which the broker transfers the securities into an account in Allegheny's name and calls the College to inform us of the transfer.

DO NOT re-register the securities in the College's name or sign them over to Allegheny; this needlessly delays the process.

For more information, contact Kate Copeland at (814) 332-4789 or via e-mail at kcopelan@allegheny.edu.