Gifts of Stock
Gifts of appreciated securities typically carry benefits not associated with gifts made by check, cash, or credit card:
- You avoid capital gains tax. Any gain is taxable if you sell stock or mutual fund shares yourself, but not if you transfer ownership to Bowdoin.
- Your charitable deduction for federal income tax purposes is based on the full fair market value of the shares on the date the gift is made.
- You receive credit from Bowdoin for the full fair market value of the shares, but the cost to you is only your original purchase price.
If you are considering a gift of physical stock certificates, direct registration shares, closely-held stock, stocks held on a foreign exchange, or mutual funds, the usual methods of giving stock do not apply. Please contact Julia White at 207-725-3246.
To receive the DTC transfer instructions, please complete and submit the following information. Required fields are marked with an asterisk (*). If you have any questions, please contact the Development Office at 207-725-3094 or via email at email@example.com.
Please note that the effective date of your gift is the date the transfer is received in Bowdoin’s account. Since this form is for notification purposes only, you will need to authorize your broker to transfer the securities to Bowdoin.