Giving: Development Office

BENEFITS:
In addition to helping the College achieve its mission, gifts of securities often give the donor significant tax benefits. For example, donations of appreciated stock held for over one year are generally tax-deductible at market value, regardless of the price the donor paid for the shares. In addition, there are capital gains tax advantages through such a gift. (Please consult your tax advisor for more information.)

Whenever possible, have your broker transfer your shares of stock electronically instead of having a stock certificate issued. Paper stock certificates can be lost, stolen or damaged; they also take additional time to process.
 

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1	Electronic Stock Transfer Wells Fargo Bank, N.A. DTC #2027, College of St. Catherine Account #13639420 Stock Transfer Authorization Letter
2	If You Have a Shareowner Services Account
3	If You Have Physical Stock Certificates Letter of Intent for Donation of Physical Stock Certificates
4	Donating Mutual Funds or Bonds
5	Valuation
6	Contact the Development Office

 

E-mail:	stockgifts@stkate.edu
Fax:	(651) 690-6918
Mailing Address:	The College of St. Catherine Attn: Gift Processing, Box F-12 2004 Randolph Ave. St. Paul, MN 55105-1789

Terri Bouressa Information Services Coordinator (651) 690-6976 (800) 945-4599 x6976	Karen Kiener Gift Accounting Manager (651) 690-8725 (800) 945-4599 x8725
tabouressa@stkate.edu	ktkiener@stkate.edu
Complete Development Office Staff

Please have your broker or financial services provider contact the College directly for information on donating mutual fund shares or bonds.

The College values gifts of stock based on the average of the high and low share prices as of the date on which the stock transfer is completed. The College values gifts of mutual fund shares using the closing share value as of the date on which the shares were transferred. A gift receipt will be issued listing details of the gift, the transfer date and the share value used in the College's calculation. Donors are encouraged to consult with their tax advisors regarding the deductibility of their contributions.

Electronic Transfers: The transfer date for electronic transfers is the date the shares were deposited in the College's account.

Hand-Delivered Certificates: For hand-delivered certificates, the transfer date is the date the certificate, Letter of Intent and stock power are received by a College representative.

Mailed Stock Certificates: For mailed stock certificates, the transfer date is the latter of the two postmark dates on the envelopes containing the certificate(s), Letter of Intent and the stock power.

Certificates Conveyed Via Delivery Service: For stock certificates conveyed via a delivery service such as FedEx, UPS or DHL, the transfer date is the date the envelope containing the certificate, Letter of Intent and stock power was received.

NOTE: For stock certificates re-registered in the College's name (which is not necessary and therefore not recommended), the transfer date is the effective date of this ownership change.

It is the policy of the College of St. Catherine to sell securities as soon as we know the transfer is complete.