Benefits of Giving Stock

A gift of stock (or other appreciated property) entitles you to a tax deduction for the market value of the donated stock (not just your cost basis). If the stock you wish to donate has been held for more than one year, you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale. Sigma Xi benefits by selling the stock without paying taxes on the gain, and you benefit from making a contribution that would be larger than what you might have been able to donate in cash.

Transferring Stock to Sigma Xi
To donate shares of stock to Sigma Xi, electronically or by mail, please use a letter of transmittal stating your intention to donate to Sigma Xi. Send the letter to both the Bank of New York (Sigma Xi's broker) and to the Sigma Xi Development Office. Contact information for the Bank of New York can be found below.

For all electronic transfers of stock to Sigma Xi, please refer to the instructions below.

Electronic transfer to Sigma Xi account with the Bank of New York:
Please have your broker contact the Bank of New York (Rob Lechner, at 904-645-1939, rlechner@bankofny.com) and inform them of your wish to transfer stock to Sigma Xi (account #334463, DTC #901).

To transfer of stock certificates to Sigma Xi account with the Bank of New York:
You may choose to mail stock certificates directly to the Bank of New York at the address listed below. When the stock certificates are mailed, please also send a fully- and properly-executed stock power under separate cover.

It is strongly suggested that you send the stock and stock power via either overnight U.S. mail or certified mail/return receipt requested. If sending certified, you should retain the date-stamped receipt for tax records. The date of the gift for substantiation/acknowledgement is the date the securities and fully-executed stock power are mailed via U.S. Post Office or delivered by private carrier.

Rob Lechner, Account Executive for Sigma Xi
Bank of New York
One Wall Street, 3rd Floor
Attn Window A
New York, NY 10015

Phone: 904-645-1939
Fax: 904-645-1979
rlechner@bankofny.com
Account # 334463 DTC Participant # 901
Agent Bank # 26500
Institutional ID # 46572

Sigma Xi Tax ID
#06-0655494

How the Value of Your Gift Will Be Determined
The value of your gift is the average price of the stock on the date the stock was electronically transferred to Sigma Xi. If you have mailed certificates, the date stamped on the U.S. postal service certified mail receipt as the date the stock certificates and fully-executed stock power were mailed will be used. If you use a private carrier (such as UPS), IRS rules recognize the gift as being completed when actually delivered, not when the certificates are sent.

If you would like further information about making a gift of stock, contact the Development Office, development@sigmaxi.org, at 800-243-6534.

This information reflects, in very general terms, how a gift might affect specified tax liabilities. This is not an effort to reflect your current tax picture or suggest that a particular gift will have the indicated result in your case; only your lawyer and accountant can do that. We suggest you consult your professionals before acting upon the concepts reflected here.

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Sigma Xi is a 501(c)(3) not-for-profit. All donations made are tax-deductible.
EIN available upon request