State-of-the-art lab space and supplies ensure that Baruch students enter the real world with competitive skills and a deep knowledge base.
Publicly traded securities that have appreciated in marked value over a term of at least a year and a day are among the most tax-advantaged assets a donor can use for a charitable gift. When the shares are transferred to The Baruch College Fund rather than sold by the donor, there is no federal capital-gains tax for the donor on the appreciation. For gift and tax purposes, the value of the gift is the fair market value on the shares on the day of transfer, not the donor's original purchase price or cost basis.
Closely held securities can also be used for charitable gifts, and they enjoy the same preferential capital-gains tax treatment as publicly traded securities. If the claimed value of the securities exceeds $10,000.00, the donor must obtain a written "qualified appraisal." The issuing corporation usually redeems the stock, providing cash to The Baruch College Fund.
The transfer of donated securities to the Baruch College Fund is handled through Mellon Private Wealth Management, where the Fund has an account. The Funds Acct # is 108447A8860 and our DTC # is 954. Hazel M. Robinson handles these transfers and will provide detailed information to donors and their brokers. Her number is 1-800-594-7329 or 1-215-553-2120 if you have any questions.
Please inform Baruch College of your gift. Please call, fax or email your gift information to: Chris Cloud, Vice President, Office of College Advancement, Phone: 646.660.6067, Fax: 646.660.6061, Email: ccloud@baruch.cuny.edu
