| Giving Options | Planned Giving Giving
Appreciated Securities
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
Advancement 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. |
Introduction