Calendar Year-End Giving

For many alumni and friends of Alderson-Broaddus College, the end of the year is a traditional time for giving.  Gifts to A-B not only provide important support for College programs, but also yield significant and timely tax savings.

Gifts may be made in a number of ways, and careful planning will assure that both you and A-B receive maximum benefits.  The following information may be helpful as you consider giving at this time.

Can I make a gift to A-B with a credit card or check?
Yes, gifts of cash are generally the easiest to make to A-B College.  They are also effective because they can immediately be used for a range of current needs or donor designated purposes at the College.  You may make gifts by cash, check, Visa, American Express, Discover or MasterCard.  Gifts are deductible to the extent provided by federal and state tax laws.

How do I make a gift of life insurance?
Gifts of life insurance are usually made in one of the following ways:

Designating Alderson-Broaddus College as the owner and beneficiary of an existing life insurance policy.  The donor receives a tax deduction for the fair market value of the policy or the cost basis in the policy, whichever is less.  Any future premiums paid by the donor also are deductible as gifts to the College.

Buying a new policy and designating Alderson-Broaddus College as the owner and beneficiary.  The donor may deduct future premiums paid.

Adding the College as a charitable beneficiary to an existing policy.  There is no deduction for market value or premiums paid unless the College is the irrevocable owner of the policy.

How do I make a gift of mutual fund shares?
If your financial services provider holds mutual funds for your account, shares can be transferred electronically.  The gift valuation is based on the per share value of mutual fund shares on the date of the gift.

If your financial services provider does not hold mutual fund shares, you will need to complete a transfer of ownership form that may be obtained from the mutual fund company.

Are there benefits in making a gift of appreciated securities?
Gifts of appreciated securities have the advantage of “capturing” the appreciation with no capital gains tax being paid by the donor.  You are entitled to a federal income tax charitable deduction for the fair market value of the securities on the date of the gift.  Your deduction is claimed for the year in which the gift is made, and you may carry forward any unused deduction for up to five additional tax years if necessary.

How do I make a gift of stock?
There are several ways to make a gift of stock.  The easiest is by electronic transfer.  If you have stock held in an agency account, you may instruct your financial services advisor to electronically transfer the shares to Alderson-Broaddus College through its broker, Hirtle Callaghan & Co.  Please alert the College of your stock transfer so we may follow up on your gift.  It is helpful for us to know the full name of the stock and the number of shares you intend to transfer.  The information your financial advisor will need to complete the transfer follows:

Alderson-Broaddus College Broker: 
Hirtle Callaghan & Co., Inc.
Five Tower Bridge
300 Barr Harbor Drive, Suite 500
West Conshohocken, PA 19428
610.828.7200

DONORS PLEASE CALL HIRTLE CALLAGHAN IN ADVANCE OR THE TRANSFER WILL NOT BE COMPLETED

DTC Instructions:
The Bank of New York
DTC #901
Agent Bank ID #26500
Interested Party #26659
ACCOUNT #311139
Alderson-Broaddus College SD

To donate stock held in your possession, you may sign a stock power and have the signature guaranteed.  Any official bank can provide this service for you.  Then mail the unsigned certificate(s) and the signed stock power to the College in separate envelopes.

The gift value is calculated on the average of the high and low price of the stock on the day of the transfer multiplied by the number of shares.

How can I make a gift of personal property or collectibles?
A gift-in-kind allows you to give personal property to Alderson-Broaddus College in the form of books for the library, antiques, collectibles, or works of art.  If the College can use the gift in its educational program, you may deduct the full fair market value.  The fair market value is determined by a professional appraisal obtained by the donor.

How do I make a gift of real estate?
Donors who are considering a gift of real property should contact the College Advancement Office for specific information regarding property descriptions and appraisals, acceptability, environmental issues, and other requirements related to such gifts.  A gift of real estate is complete when the College receives a properly executed deed transferring ownership from the donor to Alderson-Broaddus College.

Can I make a gift to the College in honor of someone?
Absolutely.  You can designate the fund or project you wish to support or leave it unrestricted to support the highest needs in the College’s current programs.  We will send a card to the person you are honoring, notifying them of your gift.  (The level of your gift is not mentioned.)  Any of the options mentioned above may be used to make “in honor of” gifts.

For more information on year-end giving please contact:

Rev. Dr. Carl W. Gittings, Assistant Vice President of Advancement and Major Gifts
Ph. 304.457.6368
gittingscw@ab.edu

Nikky (Scott) Luna '05, Vice President for Advancement 
Ph. 304.457.6203
lunajn@ab.edu

Annette Fetty, Director of Development Services
Ph. 304.457.6322
fettyma@ab.edu