About gifts of stocks, securities, & mutual funds
Many people choose to give stocks, securities, or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.
Give appreciated assets now and enjoy the benefits, or add us as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.
Benefits
- Gifts of assets can often save you far more on taxes than gifts of cash
- Avoid all capital gains taxes
- Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
- Make an immediate impact on our mission
How it works
- Transfer appreciated securities directly to us (and avoid all capital gains taxes).
- Receive a tax receipt for the value of the assets.
- The securities are sold and the funds put directly to use for greatest impact.
Make your gift over the phone, by mail or via a financial advisor
Ask your broker to donate through:
DTC #: 0226
Clearing Agent: Fidelity Investments
Account #: 676-060646
Account Name: Worcester State Foundation, Inc.
Tax ID #: 22-3248067
Your broker should wire the stock to our account (as opposed to selling it first and sending us the proceeds) and then send an email to ltaylor1@worcester.edu to indicate that the transfer of shares has been initiated.
The email should include the following information:
(Donor’s name) has just made a gift of (# of shares) of (Name of Stock) effective (date of transfer) to the Worcester State Foundation account at Fidelity Investments.
If there are any questions please call or email Tom McNamara or Louise Taylor at Worcester State University – 508-929-8033 or ltaylor1@worcester.edu or tmcnamara@worcester.edu and they will coordinate with Fidelity.
They will also need the information stated above about the name, amount and donor information relative to the gift.
You will receive credit for the donation and an IRS tax deduction of the mean value of the stock (average between the high and low) of the day it was transferred.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Louise Taylor
Title :Director, Gift Planning and Scholarships
Phone: 508-929-8033
Email: ltaylor1@worcester.edu
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.