Gifts of Stock or Securities

It is important to notify Westchester Community College Foundation when you intend to make a gift of securities by calling or e-mailing Lisa Mitzner at 914-606-6703 with the details of your gift (name of stock, number of shares).

Electronic Transfer (preferred method for stock held in a brokerage account):
Electronic transfer allows you to easily make a gift of stock you hold in a brokerage account.  First, notify your broker that you wish to make the gift to Westchester Community College Foundation.

Your broker’s instructions should include:

  • your name as the donor
  • the name of the stock and the number of shares
  • the purpose of the gift

The Westchester Community College Foundation’s account at Morgan Stanley Smith Barney is set up for the electronic transfer of securities. To transfer securities to the Foundation, your broker may contact Smith Barney at the phone number below.

Financial Institution: Morgan Stanley Smith Barney 
Contacts: John Dosher, phone: 914-701-7526
Marten Van der Werff, phone: 914-244-7089 or 212-410-3269

Name of Account: Westchester Community College Foundation
Account Number: 233-20100-1-2-564
DTC Number: 0418

Certificate Transfer (for shares that you hold as paper certificates in your name)
Please call Lisa Mitzner at (914) 606-6703 for complete instructions

Tax Reporting for Gifts of Securities
Please consult your tax advisor. The IRS may require you to complete form 8283A for a gift
of securities exceeding $500.

Federal ID# 23-7050397

Westchester Community College Foundation will issue a gift receipt with the amount of the
average of the high and low trading prices on the effective date of gift, per IRS regulations.
The effective date of the gift for your deduction is the date of transfer to Westchester
Community College Foundation:

  • For electronic transfers, the date your broker transfers shares
  • For certificates sent by U.S. mail, the postmark date of the mailed certificates
  • For certificates hand-delivered, the date of delivery to Westchester Community
    College Foundation

For further information about the Transfer of Stock, please contact:
Lisa Mitzner
Chief Financial Officer
Westchester Community College Foundation