Make a Gift of Securities

Transfer Stock

Securities may be given at their present market value as an outright gift to the Geneseo Foundation, avoiding capital gains tax and receiving an income tax deduction. When transferring securities, it is important to use our full legal name and correct address:

The Geneseo Foundation, Inc.
Erwin 11, SUNY Geneseo
1 College Circle
Geneseo, NY 14454
DTC 5198 Account # 81007L08
Federal Tax ID: 23-704179

The Foundation’s policy is to sell stock immediately upon transfer.

To Donate Stock by Electronic Transfer 

Deliver or fax a completed copy of the Stock Transmittal Letter to both your broker and the Geneseo Foundation. Your broker will institute the wire transfer to: DTC 5198 Merrill Lynch Account # 81007L08

To Donate Stock by Mail

Use registered mail to send unendorsed stock certificates and a letter of intent stating the name and number of shares of stock to be transferred, and the purpose for which your gift is to be used. If the certificate(s) represent more shares that you intend to give, you will be issued a new certificate for the remaining shares.

In a separate envelope, mail a signed stock power form to the Geneseo Foundation with a medallion guarantee seal and a completed Stock Transmittal Letter.

To Donate Stock In Person

Bring the certificates to the Geneseo Foundation Office, Erwin Building 11.
Provide a letter of intent stating the name and number of shares of stock to be transferred and the purpose for which your gift is to be used.

Provide a signed stock power form with a medallion guarantee seal and a completed Stock Transmittal Letter.

Valuation

The value of a gift of stock is determined as the delivery date when the securities pass unconditionally from your control. The IRS stipulates that the gift value be determined by calculating the mean between the high and low quotations on the delivery date the transfer takes place.

Questions?

Please contact Lynn Myers, Director of Advancement Services, at 585-245-5518 or myers@geneseo.edu.