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4100 College Station
Brunswick, ME 04011-8432
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.
- Your 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.
Credit card gifts may be made by phone by calling the toll-free gift line at 1-888-385-2254.