Gifts of Stocks and Securities

Some donors choose to support Bay Path College by donating gifts of appreciated securities. In addition to providing crucial financial support for the institution, you can save capital gains tax.

In order to retain the tax benefits for yourself, do not sell appreciated shares! If you sell the shares to contribute cash the IRS will tax you on the capital gains. Conversely, if the shares you are donating have decreased in value from your original cost you should consider selling the stock and donating the cash. This way you can take a capital loss deduction on your income tax and a charitable deduction for the full amount of the donation.

Stocks Held Through Your Broker:

Electronic Transfer:

The most popular and most efficient way to transfer securities to Bay Path is by electronic transfer. Electronic transfers are performed when your securities are held in your brokerage account or in "Street Name". The procedures for the free delivery and transfer of securities are as follows:

• Notify your broker that you wish to transfer your stock to Bay Path College.
• Instruct your broker to contact the Joe April, executive director of development, at 413.565.1150 or toll-free 800.782.7284 ext. 1150 to obtain delivery instructions or see Electronic Stock Delivery Instructions below.
• When the transfer is made, your broker should again notify Mr. April, who will verify its receipt with our bank.

Electronic Stock Delivery Instruction

For Stock gifts, donors must give their broker the following information:

Charles Schwab
Clearing # 0164
Code 40
Bay Path account: 1884-8491

Immediately notify Regina Zaskey (rzaskey@baypath.edu, 413.565.1150) of the impending stock transfer. She will need to have our CFO access our account to complete the transfer.

The value of your stock is the mean of the high and low the day it is received in Bay Path's account.