We’ll walk you through it
To connect with our staff about stock gifts, 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:
Kelly Hallock – 828-771-5807, firstname.lastname@example.org
Please let us know of a pending stock transfer by sending an email describing your gift of stock and how you plan to make the transfer.
You Can Initiate the Process: Electronic Transfer of Stock
It’s easy to transfer stock to our brokerage account. Your broker should be able to initiate this transfer with written instructions from you. Provide your broker with the following information:
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:
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, 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. 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.
The benefit of giving 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.