Gifts of Securities
A gift of appreciated securities you have held for more than one year is usually the most economical way to give. You are eligible to take a federal income tax deduction equal to the fair market value of the stock on the date of the gift for up to 30 percent of your adjusted gross income and will not have to recognize the appreciation as capital gain. Gifts to Marietta College are tax deductible.
The value of all security gifts is calculated at the mean price of the securities as traded on the date they are transferred to our account.
Information for Electronic Transfer of Stocks or Securities
(Effective October 15, 2007)
- Deliver through: DTC#0226
- Credit to brokerage: Hazlett, Burt & Watson
- For the account of Marietta College: WV2012459
- Tax Identification Number: 31-4379584
What is the procedure?
Securities Held by Your Bank or Broker
Please notify your bank or broker that you are making a gift of securities to Marietta College and ask them to telephone the Office of Advancement at (800) 274-4704 for instructions. Please tell your bank or broker not to proceed until speaking with a representative from the Advancement office.
Securities Held by You
Please send unendorsed certificates by mail, along with a letter giving your name, address, and the purpose of your gift to:
Office of Advancement
215 Fifth Street
Marietta, OH 45750
In a separate envelope, please mail to the same address a signed stock power for each certificate, along with a copy of your letter. Do not complete any information on the stock power other than your signature and the date. If the certificate signifies a greater number of shares than you mean to give to Marietta, please enclose a note requesting the return of a new stock certificate with the non-gift balance.
Your bank or broker can supply you with blank stock powers, or the Office of Advancement can send them to you. For most expedient handling, do not fill in Marietta College's name as transferee on either the stock certificate or the stock power, and please do not send stock certificates to a transfer agent for transfer into Marietta College's name.