Giving stock or mutual fund shares instead of cash may enable you to support Harcum while receiving significant tax benefits. If you give appreciated Securities that you have held for more than one year, you may be eligible to receive:
A charitable income tax deduction for the fair market value of the gifted Securities as of the date of gift.
The elimination of the capital gains tax that you would ordinarily have to pay had you sold the appreciated Securities and donated the proceeds instead.
To Make a Gift of Securities
Please contact either Dr. Susan E. Barrett, Vice President of College Advancement at 610-526-6005 or firstname.lastname@example.org
, or Melissa Samango at 610-526-6196 or email@example.com
to ensure we have the following information:
- Donor name, address, and phone number
- Name of the securities to be gifted and the number of shares
- Intended date of transfer (gift date)
- The purpose the gift should support
Types of Transfers
1. Electronic (DTC) Transfer
The following information will enable your broker to facilitate an electronic transfer of stock:
Two Town Place, Suite 100
Bryn Mawr, PA 19010-3493
Contact: Gerard E. McConnell
DTC Number: 015
Account Name: Harcum Junior College
Account Number: 904894610030
2. Physical Delivery
Stocks and bonds may be sent to Harcum College’s Advancement Office by certified U.S. mail with return receipt requested. If the donor is the registered owner of the certificate, a Stock Power signed by the owner, exactly as the name appears on the certificate, with a Medallion signature (which you can likely obtain through your bank or broker), is also needed.
To ensure your security, the certificate and signed Stock Power should be mailed separately. If the stock has already been registered to the College, no stock power is necessary; however, a letter identifying the donor is essential to properly credit the gift.
In instances where a stock is to be registered to the College before it is sent to us, you will be required to supply the transfer agent with the following mailing address and taxpayer identification number:
Dr. Susan E. Barrett, VP of College Advancement
750 Montgomery Avenue
Bryn Mawr, PA 19010
Tax ID#: 23-1424055
To Make a Gift of Mutual Fund Shares
The process of giving mutual fund shares takes a few more steps and more time to complete than gifting stock. Typically, this process requires a share transfer form, which is obtained by the mutual fund company and completed by the donor and Harcum College. For more information on making gifts of mutual fund shares, please contact Dr. Susan E. Barrett, Vice President of College Advancement at 610-526-6005 or firstname.lastname@example.org.
Gift Valuation Date
1) Electronic Transfers
The gift valuation date for securities sent to us via DTC is the date the securities are deposited into our MorganStanley/SmithBarney account.
2) Physical Securities
The gift valuation date for physical securities is determined by the postmark on the envelope used to mail the securities. For hand delivery of securities, the gift valuation date is the date the securities are turned over to College representatives.
The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock on the day the stock is transferred into Harcum’s account. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the date the stock is transferred to Harcum.
Acknowledgment of Gift
As soon as a securities gift is received and matched to a donor, the Advancement Office sends an acknowledgment letter stating the nature of the gift, the gift valuation date, and the gift valuation amount.
Questions? Please contact us