If you own stock, it is sometimes "tax wise" to contribute stock rather than cash. A gift of appreciated stock generally offers a two-fold tax advantage:

  • You avoid paying capital gains tax on the increased value of the stock.
  • You receive an income-tax deduction for the full fair-market value of the stock at the time of the gift.

If you have owned stock for more than a year, you qualify for these significant tax advantages. Your gift must be postmarked by December 31 to qualify for a deduction in that tax year. A stockbroker or trust officer also can arrange for a year-end gift of stock from your account.

 

How to Transfer Stock

 

Please have your financial agent transfer the following to Merrill Lynch:

  • Broker's DTC Number
  • Name of stock, CUSIP #, and number of shares being transferred
  • Merrill Lynch
  • 2315 Airport Boulevard, Suite B
  • Wilson, NC 27896

 

  • Broker: Kathy Bellamy
  • Phone: 252-399-2536 or 1-800-937-0643
  • Account Name: Barton College
  • DTC #: 8816
  • Account Number: 791-02245

Please have your financial agent email the following information to Barton College:

  • Name and Address of the Donor
  • Name of fund the gift should be designated to
  • Name of stock, CUSIP # and number of shares being transferred
  • Donor letter to Broker expressing intent; if possible. Contact Jessica Tyson in the Office of Institutional Advancement at 252-399-6381 or jmtyson@barton.edu

 

For additional information email Jessica Tyson with your name, contact information, stock name and number of shares. We will provide you with instructions for your broker.