Gifts of Appreciated Securities to Bard College at Simon’s Rock

Often a gift of appreciated securities is a very tax-effective way to support Simon’s Rock.

When you donate appreciated stocks to Simon’s Rock, you avoid the capital gains tax you would have paid if you sold the asset.  If you have owned the securities for longer than twelve months, you also receive an income tax charitable deduction for their full fair-market value.  These tax savings – both in income and capital gains taxes – make gifts of securities a popular alternative to cash.

If you wish to maintain this particular stock in your portfolio, consider giving Simon’s Rock the stock and using the cash you would have donated to purchase the same securities in the open market.  The newly acquired shares will then carry the current market value as their cost basis, an easy way to reduce future capital gains tax liability.

For all US Stocks and Securities:

To make a gift of stock to Bard College at Simon’s Rock please provide these instructions to your broker or bank officer.

1. Before initiating the transfer, please have your broker contact Katie Levine:
   By email: klevine@simons-rock.edu
   By FAX: 413-644-4774
   

   By US Post:

   Katie Levine
   Advancement Operations Manager
   Office of Institutional Advancement
   Bard College at Simon’s Rock
   84 Alford Road
   Great Barrington, MA 01230
   (413) 528-7257
2. To electronically transfer securities Bard College at Simon’s Rock, direct funds to:
    
   
   Merrill Lynch Wealth Management
   DTC number

   5198

    
   Beneficiary

   Bard College at Simon’s Rock

    
   Account number

   5F4-35G83

    
   Memo

   Provide purpose of the gift, the name of securities and the number of shares.

    

NOTE: If you hold the stock certificates:

1. Please do not send them to Merrill Lynch. Please deliver them unendorsed to Bard College at Simon’s Rock, attention Katie Levine, at the address above, with documentation describing the asset(s) and the purpose of the gift.
2. In a separate envelope, deliver the signed stock/bond power for each asset (exactly as the name appears on the certificate), to the address as above.
3. Please do not complete any other section of the stock/bond power.

Bard College at Simon’s Rock is a 501(c)3 not for profit organization.

Federal ID number is: 14-1713034.

Gifts of Appreciated Securities over $100,000

Before initiating the transfer, please have your broker contact Katie Levine:

Please instruct your broker or bank officer to arrange for the transfer of securities to the Bard College at Simon’s Rock account at Morgan Stanley & Co.

Notify David Newton at Morgan Stanley and provide the following information:

From:
Number of Shares
Name and Symbol of Security
Approximate Value
Date of Execution by Broker
DTC number of the institution that will be initiating the transfer

To:
Morgan Stanley & Company
DTC number 0050
Account name: Bard College
Account #04-F5677
522 5th Avenue, 10th Floor
New York, NY 10020

Attn: David Newton (212) 296-6042

Bard College at Simon’s Rock is a 501(c)3 not for profit organization.

Federal ID number is: 14-1713034.