Gifts of stock, securities and mutual funds can benefit both you and Manhattan College. 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 College prior to your broker's making the electronic transfer.
If you elect to transfer stock electronically, please note:
1. Your broker should contact the College's broker:
Client Service Analyst
Vanguard Institutional Investor Group
(610) 503-6254 or (800)662-0106 ext 36254
2. The Manhattan College 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 College Advancement
4513 Manhattan College Pkwy.
Riverdale, NY 10471
For tax purposes, your gift will be valued as of the date when the transfer is received electronically into the College'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.