Alumni and Friends

Calendar Year-End Giving

For many alumni and friends of Alderson Broaddus University, the end of the year is a traditional time for giving.  Gifts to AB not only provide important support for University programs, but also yield significant and timely tax savings.

Gifts may be made in a number of ways, and careful planning will assure that both you and AB receive maximum benefits.  The following information may be helpful as you consider giving at this time.

Can I make a gift to AB with a credit card or check?
Yes, gifts of cash are generally the easiest to make to Alderson Broaddus University.  They are also effective because they can immediately be used for a range of current needs or donor designated purposes at the University.  You may make gifts by cash, check, Visa, American Express, Discover or MasterCard.  Gifts are deductible to the extent provided by federal and state tax laws.

How do I make a gift of life insurance?
Gifts of life insurance are usually made in one of the following ways:

Designating Alderson Broaddus University as the owner and beneficiary of an existing life insurance policy.  The donor receives a tax deduction for the fair market value of the policy or the cost basis in the policy, whichever is less.  Any future premiums paid by the donor also are deductible as gifts to the University.

Buying a new policy and designating Alderson Broaddus University as the owner and beneficiary.  The donor may deduct future premiums paid.

Adding the University as a charitable beneficiary to an existing policy.  There is no deduction for market value or premiums paid unless the University is the irrevocable owner of the policy.


How do I make a gift of mutual fund shares?
If your financial services provider holds mutual funds for your account, shares can be transferred electronically.  The gift valuation is based on the per share value of mutual fund shares on the date of the gift.

If your financial services provider does not hold mutual fund shares, you will need to complete a transfer of ownership form that may be obtained from the mutual fund company.

Are there benefits in making a gift of appreciated securities?
Gifts of appreciated securities have the advantage of “capturing” the appreciation with no capital gains tax being paid by the donor.  You are entitled to a federal income tax charitable deduction for the fair market value of the securities on the date of the gift.  Your deduction is claimed for the year in which the gift is made, and you may carry forward any unused deduction for up to five additional tax years if necessary.

How do I make a gift of stock?
There are several ways to make a gift of stock.  The easiest is by electronic transfer.  If you have stock held in an agency account, you may instruct your financial services advisor to electronically transfer the shares to Alderson Broaddus University through its broker, Hirtle Callaghan & Co.  Please alert the University of your stock transfer so we may follow up on your gift.  It is helpful for us to know the full name of the stock and the number of shares you intend to transfer.  The information your financial advisor will need to complete the transfer follows:

Alderson Broaddus University Broker: 
Hirtle Callaghan & Co., Inc.
Five Tower Bridge
300 Barr Harbor Drive, Suite 500
West Conshohocken, PA 19428
610.828.7200

DONORS PLEASE CALL HIRTLE CALLAGHAN IN ADVANCE OR THE TRANSFER WILL NOT BE COMPLETED

DTC Instructions:
The Bank of New York
DTC #901
Agent Bank ID #26500
Interested Party #26659
ACCOUNT #311139
Alderson Broaddus University SD

To donate stock held in your possession, you may sign a stock power and have the signature guaranteed.  Any official bank can provide this service for you.  Then mail the unsigned certificate(s) and the signed stock power to the University in separate envelopes.

The gift value is calculated on the average of the high and low price of the stock on the day of the transfer multiplied by the number of shares.

How can I make a gift of personal property or collectibles?
A gift-in-kind allows you to give personal property to Alderson Broaddus University in the form of books for the library, antiques, collectibles, or works of art.  If the University can use the gift in its educational program, you may deduct the full fair market value.  The fair market value is determined by a professional appraisal obtained by the donor.

How do I make a gift of real estate?
Donors who are considering a gift of real property should contact the University Advancement Office for specific information regarding property descriptions and appraisals, acceptability, environmental issues, and other requirements related to such gifts.  A gift of real estate is complete when the University receives a properly executed deed transferring ownership from the donor to Alderson Broaddus University.

Can I make a gift to the College in honor of someone?
Absolutely.  You can designate the fund or project you wish to support or leave it unrestricted to support the highest needs in the University’s current programs.  We will send a card to the person you are honoring, notifying them of your gift.  (The level of your gift is not mentioned.)  Any of the options mentioned above may be used to make “in honor of” gifts.

For more information on year-end giving please contact:

Jay Nussel, Vice President for Institutional Advancement 
Ph. 304.457.6581
nusselje@ab.edu

Todd Mittelmeier, Director of Individual Giving and Liaison to Athletics
Ph. 304.457.6393
mittelmeierta@ab.edu