Stocks or other investments that you have held for longer than a year and that have grown in value can be an excellent asset to use in making a gift to Clarkson. Not only can you fulfill a philanthropic goal, but you can also deduct the full fair market value and avoid capital gains tax. If your investment has depreciated in value, you may wish to declare the loss by selling it first and then giving the proceeds to Clarkson. You can contribute certificates or arrange to have a gift transferred electronically through your broker.
Making a Gift by DTC Transfer
Instruct your broker to transfer your gift to Clarkson’s gift account at:
Morgan Stanley, 65 Market Street, Potsdam, NY 13676
Contact: James Theodore, Financial Advisor
315-265-6300 or 800-722-0226
Clarkson’s Taxpayer ID#: 15-054-3659
DTC Participant #: 0015
Account #: 834-105842-069
Making a Gift in Person
Deliver the unsigned stock certificate(s), still registered in your name, to our offices in Woodstock Lodge, or to an authorized representative of the University, along with one signed Stock Power Form per certificate. Note that your signature must be “guaranteed.” This may be done through your brokerage or a commercial bank, not a Notary Public.
Making a Gift by Mail
Place the unsigned stock certificate(s), still registered in your name, in one envelope. In a separate envelope, place one signed Stock Power Form per certificate. Note that your signature must be “guaranteed.” This may be done through your brokerage or a commercial bank, not a Notary Public. Send both envelopes via certified US Postal Service mail to:
Annie Clarkson Society
Clarkson University
8 Clarkson Avenue, Box 5522
Potsdam, NY 13699
Gifts of Mutual Funds
Many of the same tax benefits exist when a donor contributes an interest in a mutual fund. Please be aware that donating mutual funds may take up to four weeks to complete. The process for each fund may be different. For more information on how to give mutual funds, contact your broker, plan administrator, or the Annie Clarkson Society at Clarkson.