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Stock/Mutual Fund Gifts

Gifts of appreciated securities can be a wonderful way to support Simmons College, while also providing tax benefits to the donor. Gifts of appreciated securities are tax deductible at full fair-market value if the donor has owned the asset for at least one year. To avoid capital gains taxes, you must transfer the securities themselves, not the proceeds of their sale.

To transfer outright gifts of stock electronically:
You will need to click on these links "Transfer Instructions" and "Notification Form," to obtain the necessary information for your transfer. It is important to alert Simmons College prior to making your gift, to ensure that Simmons is able to credit your gift to you in a timely manner. Informing your broker does not guarantee that we will be able to make the connection, as gifts of securities are usually transferred without including the donor's name.

In accordance with IRS guidelines, the date of the gift will be the date that Simmons College assumes ownership of the shares. The value of the gift is determined as the average of the high and low listings for the stock on that date.

To transfer mutual fund shares, stock shares in certificate form, closely held or restricted stock, or to create a planned gift using securities, please contact the Office of Planned Giving at 800-831-4284. These gifts require additional instructions, or a different process.

 

Planned Giving
Simmons College
300 The Fenway, Boston, MA 02115

Toll-free: 800-831-4284
plannedgiving@simmons.edu

 

 

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