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Office of Advancement
2 East South Street
Galesburg, IL 61401
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.
An outright gift of appreciated assets to Knox College can provide the following advantages:
You can make gifts of stocks, securities, or mutual funds now, enjoying potential tax benefits while making an immediate impact on the experience of Knox students and faculty.
You can make your gift in just a few minutes online, using the secure donation tool link below. It will automatically notify Knox of your gift.
If you prefer to work through a broker, you can transfer securities to Knox College:
1181 N. Henderson, Suite 1
Galesburg, IL 61401
John Herman, broker
Lisa Nelson, client associate
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. Simply call or email us.
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. Please contact the Office of Advancement to learn more about donating real estate.
You can give Knox College tangible personal property, such as works of art, antiques, coin collections, vehicles, and other tangible property. Contact us to learn more about this type of gift.
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