Vice President for Advancement
2 East South Street
Galesburg, IL 61401- 4999
A gift of long-term appreciated assets can be advantageous to both you and the College. Examples of long-term appreciated assets include publicly traded securities, real estate, and personal property (such as works of art, rare books, and antiques).
An outright gift of appreciated assets to Knox College can provide the following advantages:
For specific information about your situation, we recommend that you consult your financial and legal advisors. In the meantime, our brief descriptions may help you choose a direction.
If your securities are held by a broker, you can transfer them to Knox College by instructing the broker to e-mail Rose Garrison at email@example.com or call her toll free in the United States 888-KNOXCOL (888-566-9265), or at 309-341-7233. Please also let us know that you have instructed your broker to transfer the securities so that we can follow up with the broker as appropriate.
If you hold the stock certificates yourself, you can make your gift through the mail or by hand delivery. To make your gift through the mail:
Note: If the value of your stock has depreciated and you can take a deduction for the capital loss by first selling your stock and making a gift of the cash proceeds, it might be to your advantage to do so.
Real estate can be used to make an outright gift or to fund certain types of deferred gifts, such as gift annuities or trusts from which you receive an annual stream of income. If the gift is of a personal residence, it is possible for you to deed the "remainder interest" to the College while retaining the right to live in the residence during your lifetime. In this scenario, you may claim a charitable income tax deduction based on the current fair market value of the College's remainder interest.
You can give Knox College tangible personal property, such as works of art, rare books, and antiques. If this is a possibility, please call the Office of Advancement at 888-KNOXCOL (888-566-9265), or 309-341-7233.
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