Giving Options

Direct Transfer

If your bank or broker holds your securities, please contact Mrs. Susan Staats for complete instructions. Most transfers can be made electronically through the Envelope Settlement Service. These are DTC (Depository Trust Company) eligible securities in your brokerage accounts. Your broker should be instructed NOT to open an account in Blair’s name or to sell shares for Blair’s account.

You may direct questions to:
Susan N. Staats
Development Associate for Major Gifts
908-362-6121, Ext. 5633
908-362-8372, Fax.
staats@blair.edu

Important Things to Remember:

If you electronically transfer securities, Blair has no way of knowing who the donor is. Please write to Susan Staats or call and give the following information:

• The Number of Shares and Name of the Securities
• The EXACT date of transfer (See Valuation and Date of Gift below)
• Where the proceeds from the sale of the stock are to be allocated
• For allocation suggestions, please contact Susan Staats

Valuation and Date of Gift
For listed securities, the IRS uses the mean market value, which is the average of the high and low quotations on the date you make your gift. Your gift is considered made on the date you relinquish total control of the stock. That date is as follows:

• By Mail: The gift date is the postmarked date on the envelope containing the stock certificate(s) and properly executed stock power(s).
• By Third Party (UPS, FedEx): The gift date is the date Blair Academy signs for the package. This is different from Postal Service delivery because once you postmark a document, you cannot retrieve it. When you send something by a third party, you have the right to stop the delivery until someone actually signs for it.
• By Electronic Transfer: The gift date is the date the stock is deposited into Blair Academy’s account — meaning one under the control of Blair Academy or its authorized agent. It is not the date a broker puts the stock into a “temporary” gift account or “holding” account.

Depreciated Securities
If you hold securities that have declined in value, it is advisable to sell the securities to establish a tax loss and then donate the proceeds to Blair.

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