But for many it is not the most advantageous way to give. A gift of stocks, bonds, or mutual fund shares, if they have appreciated in value, is usually better than a gift of cash. You benefit while benefiting Bates. Gifts to Bates are tax deductible, if you itemize. This is true of securities as well as cash.
Securities are deductible at their market value on the day of the gift.
But the appreciated portion of securities is untaxed if given to charity. Marketable securities held in a brokerage or trust account can be transferred electronically to a Bates College account, maintained in several major brokerage firms around the country. Call, email or fax the Development Office at Bates College to notify Bates and begin the process. If known, donor's intended designation for the gift For the donor's information, the valuation of the gift is calculated as the mean price of the securities as traded on the date they are transferred to a Bates College account. Marketable securities held in physical certificate form should be delivered to or mailed to the Development Office at Bates College, with a signed stock power sent under separate cover.