Make a Gift of Stock

 

Why Give Stock?

A gift of appreciated stock is a wonderful way to support Warren Wilson College and receive favorable tax treatment. If you have appreciated stocks, it is easy to make a gift to us. For example, a donor who gives a gift of common stock held longer than one year, avoids capital gains taxation on the transfer, so the full value of the contribution goes to the College. The donor is able to take a charitable deduction using the full value of the gift and can claim up to 30 percent of adjusted gross income (AGI) in the year the gift is made with up to five years to absorb the full deduction under the AGI ceiling.

Donors can use publicly traded securities to make outright contributions as well as income-retained gifts including charitable remainder trusts and charitable gift annuities. For more information on giving securities as an outright gift or to establish an income-retained gift, please contact one of the following staff members of the College’s Office of Advancement:

Janet Doyle - 828-771-3756, jdoyle@warren-wilson.edu
Julie Lehman - 828-771-2038, jlehman@warren-wilson.edu
Mary Craig - 828-771-2052, mcraig@warren-wilson.edu

Please let us know of a pending stock transfer by sending a letter or email describing your gift of stock and how you plan to make the transfer. Mail the letter to:

Mary Craig – CPO 6376
Warren Wilson College
P.O Box 9000
Asheville, NC 28815-9000

Or send Mary an email at mcraig@warren-wilson.edu.

Electronic Transfer of Stock

The safest and most efficient method of transferring stock is via electronic transfer to Warren Wilson College’s brokerage account. Your broker should be able to initiate this transfer with written instructions from you. Provide your broker with the following information about the College’s brokerage account:

Wells Fargo Securities
Attn: Molly Whatley
Private Wealth Management
190 Biltmore Ave Ste 3
Asheville, NC 28801-4113

DTC # 0141
Account # 69371180
Account Name: Warren Wilson College

If your broker has questions about the transfer, he/she may contact Molly Whatley at Wells Fargo Securities:

Telephone: 828-255-4920
Fax: 828-252-0974
Email: molly.whatley@wfadvisors.com

The date of the gift will be the date the shares are received in the College’s account at Wells Fargo Securities, and the value will be the average of the high and low values of the stock on the date of the gift.

 

Physical Transfer of Stock Certificates

If you prefer to physically transfer stock certificates to the College, carefully follow these instructions: Verify that your local bank participates in the Medallion Signature Guarantee Program. Ask the bank for as many stock power assignment forms as there are stock certificates to be transferred. You will sign these stock power forms exactly as your name appears on the face of the certificate(s). Do not enter any other information on the form; no date or any other information. Do not sign or enter any information on the back of the stock certificates. Then have a bank officer Medallion Guarantee your signature on the stock power forms. If you cannot deliver the certificates and stock power forms in person to the College, then mail two separate envelopes to:

Advancement Office – CPO 6376
Warren Wilson College
P.O Box 9000
Asheville, NC 28815-9000

One envelope should contain the certificates and the other envelope should contain the stock power assignment forms (with bank signature authorization). We recommend all certificates be sent by registered mail insured with a return receipt requested. The date of the gift will be the date of the postmark, and the value will be the average of the high and low values of the stock on the date of the gift. Should you have any questions or require additional information, please do not hesitate to contact one of the College’s Office of Advancement staff listed above.

Thank you for considering a stock donation – an investment in the future of Warren Wilson College students!