Gifts of Appreciated Securites

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.

To make a gift of stock please instruct your broker or bank officer to arrange a DTC transfer of securities to Simon’s Rock electronically to the Bard College account at Banc of America Investment Services, Inc.  (Simon’s Rock shares this account with Bard College.  Once the stock has been received, it will be forwarded to Simon’s Rock.)  The information is as follows:

Banc of America Investment Services, Inc.
DTC number:  0226 (National Financial Services)
Beneficiary: Bard College at Simon’s Rock
Account # J35-629960
P.O. Box 863
Lincoln, RI 02865
(800) 926-1111
Memo: (Purpose of gift)

To ensure proper crediting of your gift, please send a copy of the instructions you send to your broker or bank officer, along with any special instructions regarding the purpose of the gift, to Susan Emerson Clapp, Bard College at Simon’s Rock, 84 Alford Road, Great Barrington, MA 01230. Ms. Emerson Clapp can also be reached by telephone at (413) 528-7253 or by email at sclapp@simons-rock.edu.

If you hold the stock certificates, do not send them to Banc of America:  Please send by mail, or deliver by hand, the unendorsed certificates with a cover letter describing the asset(s) being donated and the purpose of the gift, to Ms. Emerson Clapp at Simon’s Rock.  In a separate envelope, send a signed (exactly as the name appears on the certificate) stock/bond power for each asset.  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.  The Federal ID number is: 14-1713034.