Gifts of appreciated securities offer special tax benefits, including elimination of capital gains tax on the appreciated portion of stock gifts. Please call or e-mail Ann Stout, Securities Administrator, at 781-283-2652 or astout@wellesley.edu, for details on how to make a gift.

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You will need to send a letter to your broker or banker stating your wish to give securities to Wellesley College. Specify the type of stock, the number of shares that you are donating, whether your gift is unrestricted or for a specific purpose, and the date by which the gift should be transferred (two to three business days is normal). Please note that when making a life income gift, please contact the Planned Giving Office directly at 800-253-8916 as this transfer process differs.

In order for your broker or banker to transfer the securities electronically, the letter should include the following information:

Wellesley College's Broker: RBC Wealth Management
DTC Number: 235
Account Name: Wellesley College
Account Number: 30086727
Send to the attention of Patrick Kilcoyne
Phone Number: 617-725-2000
College's Tax ID Number: 04-2103637

Send a copy of the letter to Ann Stout, Securities Administrator, Office for Resources, Wellesley College, 106 Central Street, Wellesley, MA 02481 or have the individual performing the transfer contact our officer directly at 781-283-2652. You may fax a copy of the letter to the Securities Administrator at 781-283-3706. Wellesley's Securities Administrator must be notified of the transfer details by telephone or letter in order to properly credit your gift. Because DTC information often does not include the name of the owner of the assets, stocks sent without advance notification cannot be matched to the transfers, and we must return them electronically with a request for the identity of the donor.

In accordance with IRS guidelines, the date of the gift will be the date that Wellesley assumes ownership of the shares. For crediting purposes, the value is determined as the average of the high and low listings (for the stock) on that date.

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Mail the unendorsed certificate(s) to the College with a letter specifying Wellesley as the recipient and outlining the details of the contribution. This letter should be signed by the registered owner of the certificate. Under separate cover, send a copy of the letter and a signed Stock Power form. The form can be obtained from your local bank. Sign one Power for each security, making sure the signature corresponds exactly with the name as it appears on the face of the stock certificate. Leave all other sections of the Stock Power form blank, and mail all documents to the Securities Administrator. The date of gift will be determined by the latter postmark of the two envelopes.

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If you have a certificate for more shares than you wish to donate to Wellesley College, send it in the manner described above, and also send a Stock Power under separate cover, with instructions on the number of shares you wish to donate. Wellesley College will return the remaining shares in the form of a newly registered certificate. To re-register, we will need the social security number for the name on the face of the original certificate. Please include this information in your letter of instruction. It takes approximately six weeks for you to receive your newly re-registered certificate.

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When giving mutual fund shares, specify to your fund's transfer agent that the shares not be sold or redeemed from your personal account, but be transferred in kind to an account set up in the name of Wellesley College. Wellesley's Securities Administrator can work with the transfer agent on any paperwork necessary for opening and/or liquidating such an account. Many mutual funds will require that your letter be signature-guaranteed by a bank official.

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Closely held and restricted stock may be accepted by the College under certain circumstances. The Securities Administrator can advise the best way to effect the acceptance and transfer of the gift. For unlisted securities, the value of the gift must be determined through an independent appraisal provided by the donor.

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