Gift of Appreciated Securities

A Tax-Savvy Way to Benefit from Growing Assets

Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to St. Olaf College. Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to St. Olaf, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.

A transfer on death (TOD) account.* By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.

To complete an electronic transfer of stock or mutual funds, instruct your broker to transfer the securities to St. Olaf's account at Charles Schwab via the Depository Trust Company (DTC) system.

Brokerage: Charles Schwab
DTC Number: 0164
Account Name: St. Olaf College
Account Number: 8411-4327
Federal Tax ID: 41-0693979
MN Tax ID: 20133

When you transfer securities, or if you have questions about transferring stocks, please notify:

Mark Gelle
Assistant Vice President and Chief Investment Officer
gelle@stolaf.edu | 507-786-3295

Additional ways to fund your gift:

*State laws govern transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.

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Next Steps

  1. Contact us at 800-776-6523 or plannedgiving@stolaf.edu for additional information on appreciated securities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include St. Olaf in your plans, please use our legal name and federal tax ID.

Legal name: St. Olaf College
Address: 1520 St. Olaf Avenue
Northfield, MN 55057
Federal tax ID number: 41-0693979

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This comprehensive estate planning kit helps you protect your family and establish your legacy.

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