Gifts of Securities and Mutual Funds

Receive a Tax Deduction for Using These as Gifts

Securities and mutual funds that have increased in value and have been held for more than one year are an excellent asset to use when making a gift to Bates. Making a gift of securities or mutual funds to Bates offers you the chance to support the college while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds you have held more than one year to Bates in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also 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 Bates, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.

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

Click on the links below to see the additional ways to fund your gift:

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

Calculate Your Benefits

Submit a few details and see which gift is right for you.

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Not Sure How to Begin Planning?

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Next Steps

  1. Contact the Office of Gift Planning at (207) 786-6246 or Toll-free: (800) 762-3145 or giftplanning@bates.edu for additional information on appreciated securities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Bates in your plans, please use our legal name and federal tax ID.

Legal Name: President and Trustees of Bates College
Address: 2 Andrews Road, Lewiston, ME 04240
Federal Tax ID Number: #01-0211781