Gifts of Stock or Securities
It is important to notify Westchester Community College Foundation when you intend to make a gift of securities. Before making your gift, please notify Westchester Community College Foundation that your gift will be coming, by calling 914-606-6670.
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:
The Westchester Community College Foundation’s account at 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 Consultant: Alan R. Epstein, Smith Barney
Telephone Number: 914.422.8100
Name of Account: Westchester Community College Foundation
Account Number: 233-20100-1-2-217
DTC Number: 0418
For further information about the transfer of stock, please contact:
Shirley Contino-Phillips
Executive Director
Westchester Community College Foundation
914-606-6670
Certificate Transfer (for shares that you hold as paper certificates in your name)
- Complete a stock transfer power signed exactly as your name appears on the UNENDORSED CERTIFICATE, with your signature guaranteed by a bank officer. Stock powers can be obtained from your broker, banker, or the Westchester Community College Foundation.
- Send the UNENDORSED certificate by certified or registered mail to:
Lisa Mitzner
Hartford Hall
Westchester Community College Foundation
75 Grasslands Road
Valhalla, NY 10595
- By SEPARATE first class mail (for security purposes), send the signed stock power. Include a letter with your instructions for the gift.
If you prefer, you may call to make arrangements to hand deliver the stock certificate and stock transfer power.
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 for more than $500.
Federal ID# 23-7050397
Westchester Community College Foundation will issue an acknowledgement letter noting the number of shares and the name of the security you gave. Please contact your broker or tax advisor to determine the tax deductible 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:
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For electronic transfers, the date your broker transfers shares
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For certificates sent by U.S. mail, the postmark date of the mailed certificates
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For certificates hand-delivered, the date of delivery to Westchester Community College Foundation
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