{"id":401,"date":"2014-12-11T18:59:31","date_gmt":"2014-12-11T18:59:31","guid":{"rendered":"https:\/\/www.bates.edu\/giving\/?page_id=401"},"modified":"2024-12-11T07:40:18","modified_gmt":"2024-12-11T12:40:18","slug":"gifts-of-securities","status":"publish","type":"page","link":"https:\/\/www.bates.edu\/giving\/gifts-of-securities\/","title":{"rendered":"Gifts of Securities"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Transferring stock and mutual funds can be an easy way to give to ÀÖ²¥´«Ã½ and in many cases offers a tax advantage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We always recommend that you consult with your tax advisor in order to learn more about the advantages of gifting stock and mutual funds.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Interested in making a gift of securities to ÀÖ²¥´«Ã½?<\/h4>\n\n\n\n<h6 class=\"wp-block-heading\">1. Have your broker call or fax ÀÖ²¥´«Ã½ College to notify us and begin the transfer process. The broker should provide ÀÖ²¥´«Ã½ with the following information:<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Name of the broker, phone number and email if applicable<\/li>\n\n\n\n<li>Number of shares and name of security(s)<\/li>\n\n\n\n<li>Approximate transfer date<\/li>\n\n\n\n<li>Name of the legal gift donor\/entity<\/li>\n\n\n\n<li>Intended designation\/purpose of the gift<\/li>\n\n\n\n<li>Approximate anticipated value of the gift<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In order to ensure timely receipt, credit, and acknowledgment of your gift, it is essential that ÀÖ²¥´«Ã½ is provided all of the above information prior to or soon after the transfer.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Contact:<\/strong><em><br><\/em>ÀÖ²¥´«Ã½ College<br>Office of College Advancement<br>2 Andrews Road<br>Lewiston, ME 04240<br>207-786-6248 (6236)<br><a href=\"mailto:gifts@bates.edu\">gifts@bates.edu<\/a><br>ÀÖ²¥´«Ã½ tax ID: 01-0211781<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h6 class=\"wp-block-heading\">2. Unless otherwise instructed by ÀÖ²¥´«Ã½, process delivery through DTC to:<\/h6>\n\n\n\n<p class=\"wp-block-paragraph\">Bank of New York Mellon (Brokerage Firm)<br>DTC# 0443<br>For Credit to account #: N7M002614<br>Client account name: President and Trustees of ÀÖ²¥´«Ã½ College<br>Pershing, LLC<br>1 Pershing Plaza<br>Jersey City, NJ 07399<br>Registration of account: Corporation<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stock Certificates in my name<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you hold the stock in certificate form and it\u2019s in your name at the time you mail it to ÀÖ²¥´«Ã½ College, the gift date is the date of the latter postmark of the certificate and the separately mailed stock power form.&nbsp;Full instructions are at the bottom of this page.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you hand-deliver the stock certificate in person to ÀÖ²¥´«Ã½, the gift date is the date in which ÀÖ²¥´«Ã½ College takes possession of the securities. It is still necessary to have a signed stock power form when hand-delivering the certificate in person if the certificate is in your name.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stock Certificates in ÀÖ²¥´«Ã½\u2019 name<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the certificate has been reissued and is in ÀÖ²¥´«Ã½\u2019 name, the reissue date is the gift date. In this case, a stock power form in not necessary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please note that stock transfers normally are completed in a 2-3 business days, depending on your broker. Mutual fund transfers can take 2-3 weeks, especially at year-end, due to the additional paperwork required.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transferring stock and mutual funds can be an easy way to give&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_hide_ai_chatbot":false,"_ai_chatbot_style":"","associated_faculty":[],"_Page_Specific_Css":"","_bates_restrict_mod":false,"bates_author_byline_override":"","_hide_page_title":false,"_header_override":"","_template_width_override":"","_dimp_site_id":"","_dimp_override_contact":false,"_table_of_contents_display":false,"_table_of_contents_location":"","_table_of_contents_disableSticky":false,"_is_featured":false,"_sidebarChoice":"","footnotes":"","_bates_seo_meta_description":"","_bates_seo_block_robots":false,"_bates_seo_sharing_image_id":0,"_bates_seo_sharing_image_twitter_id":0,"_bates_seo_share_title":"","_bates_seo_canonical_overwrite":"","_bates_seo_twitter_template":""},"class_list":["post-401","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/pages\/401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/comments?post=401"}],"version-history":[{"count":12,"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/pages\/401\/revisions"}],"predecessor-version":[{"id":4770,"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/pages\/401\/revisions\/4770"}],"wp:attachment":[{"href":"https:\/\/www.bates.edu\/giving\/wp-json\/wp\/v2\/media?parent=401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}