Gift of Securities
Gifts of Securities – Stocks, Bonds and Mutual Funds
If your portfolio includes appreciated securities, you may find it advantageous to use these assets to make a gift to Geneva College. If you donate to Geneva appreciated securities that you have owned for more than one year, your charitable contribution will be based on the full market value of your gift and you will completely avoid federal capital gains tax on the transfer.
Instructions for donating securities held by your broker, bank or other financial institution (DTC-eligible securities):
- Before you initiate your gift, please call Laura Furtado, Director of Donor Services at 724-847-6525. Geneva requests advance notice of transfers to allow us to prepare for the transfer, and then to promptly acknowledge your gift.
- Notify your broker that you want to make a gift of stocks or bonds to Geneva and instruct your broker to transfer the securities, if DTC-eligible, to Geneva’s account with Schwab. Your broker will need the following information:
DTC number: 0164
Geneva’s tax identification number: 25-0965376