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Gifts of Securities Gifts of stock that have increased in value and have been owned long enough to qualify as long-term (one year and a day) are deductible for the full value of the stock at the time of the gift and are not subject to capital gains tax. In reference to a gift of stock, you may transfer securities to our account at: RBC Dain Rauscher Wiring through DTC Instructions: Please notify the COA Development Office of your intention to gift stock so that we can properly credit your account 207-288-5015 ext. 327 Laura Johnson or ljohnson@coa.edu Hundreds of businesses throughout the country have employee matching gift programs in which an employee's gift is matched by the company. For donors whose employers offer such a program, the company's matching gift form should be completed and returned with the donor's gift. Donors may contribute life insurance by assigning ownership in a fully paid-up policy to College of the Atlantic or by designating the College as a beneficiary of the policy. When a donor needs continuing access to his or her capital, a gift by will may be the most appropriate way of supporting College of the Atlantic. The College may be named in the donor's will as the recipient of all or part of his or her estate. Donors may also establish a life income plan through a bequest, providing income for a spouse or family member and transferring the principal to COA upon the death of the surviving beneficiary. Donors can avoid capital gains tax by making a gift of real estate that they would like to sell. The gift may be all or a partial interest in the property, which may be a residence, vacation home, farm, ranch, or commercial or developed lots, whether or not the property produces income. Property may be transferred directly to COA or may be used to create a trust. The COA Pooled Income Fund allows a gift of cash, marketable securities or appreciated property to be made to a pooled investment fund, from which the donors or other beneficiaries receive quarterly income throughout their lifetime or the lifetime of the designated beneficiary. The amount of earned income is a prorated share of the fund's earnings. To make a gift to the COA Pooled Income Fund, the gift must be at least $5,000. Annual gifts may be made in amounts of $1,000 or more. A donor establishes a managed fund (charitable remainder trust) from which he or she, or a designated beneficiary, receives a percentage of the annual market value of the trust in quarterly payments. At the termination of all life interests, the principal reverts to COA to support any area designated by the donor. An annuity trust is a good choice for donors who want to make a gift that provides a predictable income stream each year. The trust pays a fixed dollar amount annually to the beneficiaries. The payout rate cannot change for the duration of the trust and no additional gifts may be made to the trust. Donors who wish to retain ultimate control of assets while helping College of the Atlantic may transfer assets into a lead trust for a specific number of years or for the life of the donor with income going to COA each year. At the termination of the trust the principal reverts to the donor's family. In this manner, the lead trust can be used to pass on wealth to future generations at reduced gift or estate tax costs. A minimum transfer of $50,000 is required. Many of these methods of giving may require the advice or assistance of an attorney or estate planner.
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