Gifts of stock, securities and mutual funds can benefit both you and Manhattan University. These gifts can help you diversify your assets and minimize capital gains taxes. Contrary to popular belief, gifts of closely held stock can create the same tax benefits as shares that are publicly traded.
Maintain the stock certificate(s) in your name. DO NOT change the name to Manhattan University prior to your broker's making the electronic transfer.
If you elect to transfer stock electronically, please note:
1. Your broker should contact the University's broker:
Ashley Nawrocki
Client Service Analyst | Nonprofit, Pensions & Insurance Solutions
(610)-503-5687
Ashley_Nawrocki@vanguard.com
2. The Manhattan University account number to receive electronic transfers is 85669816. The Vanguard DTC number is 0062.
3. Please confirm your gift in writing, including the name of stock or security, addressed to:
Stephen L. White
Assistant Vice President for University Advancement
4513 Manhattan College Pkwy.
Riverdale, NY 10471
Phone: 718-862-7548
Fax: 718-862-8021
stephen.white@manhattan.edu
For tax purposes, your gift will be valued as of the date when the transfer is received electronically into the University's account. The value of your gift will be the average of the high and low values on the day of receipt, multiplied by the number of shares donated. Gifts are tax deductible for federal income tax purposes to the extent permitted by law.