Give

Gifts of securities often give the donor significant tax benefits. Donations of appreciated stock held for over one year are usually tax-deductible at market value, eliminating capital gains taxes on long-term holdings. The College’s brokerage firm is: Morgan Stanley Smith Barney.

Please contact your broker and instruct them to transfer the number of shares you desire to the College of St. Scholastica Donor Gift Account at Morgan Stanley Smith Barney:

• Clearing Number: 0015
• Account Number: 694128493

Have your broker alert College Advancement that a stock gift is coming by letting us know the name of the company and the number of shares.

If you have a donor-advised fund (DAF), you know the tax benefits of establishing or funding your DAF. Please know that you will not receive a charitable deduction for making a gift from your DAF, as you received the deduction when you established or added funds to your DAF. Please get in touch with your DAF administrator and request that your gift be sent to the College using either the College’s address or the lockbox address.

If you are 70½ years old or older, you may make a gift to a charity by having the Trustee or Administrator of your taxable Individual Retirement Account (IRA) make a Qualified Charitable Distribution (QCD) of up to $108,000 total – this gift is instead of you receiving your Required Minimum Distribution (RMD). A QCD is also referred to as an IRA charitable distribution or charitable rollover.

Contact your IRA trust or administrator and ask them to directly transfer the QCD by sending a check to the College, indicating that it is a QCD rollover. Please use either the College’s address or the Lockbox address.