Gifts of Securities | Stock Transfers

Giving appreciated stock that has been held longer than one year is an advantageous way to support Bryan College and save taxes for you.

You can make a gift to Bryan College by transferring appreciated assets (stocks/bonds) that have been held for more than one year. You will enjoy an income tax charitable deduction for the full market value of the security and also avoid capital gains tax on the appreciated value.

The following information is to assist you in transferring securities to Bryan College:

Step 1: Ask your broker to transfer the stock to Bryan College at:

Account Name: BRYAN COLLEGE OUTRIGHT GIFT
Account #: 3297-1619
Charles Schwab DTC #: 0164

If your broker requests our Federal Tax ID #, it is 62-0528217.

IMPORTANT: By transferring it to our account, you do not receive as income any profits on the sale of the stock and avoid the tax on that amount.

Step 2: Call Janice Pendergrass, Director of Direct Response Marketing/Database Management for Bryan College, at 423.775.7202 or email her at penderja@bryan.edu. By doing so, we are alerted and can help expedite the transaction.

IRA Charitable Rollover

Giving to Bryan College through your IRA distributions is a great way to support the college. The IRA Rollover was first enacted in 2006 as part of the Pension Protection Act. The provision allows individuals aged 70½ and older to donate up to $100,000 from their Individual Retirement Accounts (IRAs) to public charities without having to count the distributions as taxable income.

The IRA Charitable Rollover was first enacted on August 17, 2006, as part of the Pension Protection Act of 2006 and has been reinstated for 2012-13.

Eligibility Age. Taxpayers age 70½ and older are required to make annual distributions from their IRAs which are then included in the taxpayers’ adjusted gross income (AGI) and subject to taxes.The IRA Charitable Rollover permits those taxpayers to make donations directly to charitable organizations from their IRAs without counting them as part of their AGI and, consequently, without paying taxes on them.

  • Annual Cap. A donor’s total combined charitable IRA rollover contributions cannot exceed $100,000 in any one year.
  • Eligible Charities. Charitable contributions from an IRA must go directly to a public charity that is not a supporting organization. Contributions to donor-advised funds and private foundations, except in narrow circumstances, do not qualify for tax-free IRA rollover contributions.
  • Eligible Retirement Accounts. Distributions can be made only from traditional Individual Retirement Accounts or Roth IRAs. Charitable donations from 403(b) plans, 401(k) plans, pension plans, and other retirement plans are ineligible for the tax-free treatment.
  • Directly to the Charity. Distributions must be made directly from the IRA trustee payable to the public charity.
  • No Gifts in Return. Donors cannot receive any goods or services in return for charitable IRA rollover contributions in order to qualify for tax-free treatment.
  • Written Receipt. In order to benefit from the tax-free treatment, donors must obtain written substantiation of each IRA rollover contribution from each recipient charity.

If an IRA Charitable Rollover gift to Bryan College interests you, please contact Steve Keck at 423.775.7581 or by email at steve.keck@bryan.edu.

Distribution rules can frequently change so please check with us or your tax advisor before beginning the process.

Charitable Gift Annuities

Donor Story: Mr. Maxie Green

Donor Story: Mr. Maxie Green

If you are retired or near retirement, desire a fixed income for life, and can use an additional tax savings today in the form of an income tax charitable deduction, you should look closely at the benefits available to you from a Bryan College charitable gift annuity.

If you desire to receive a tax deduction, increased income, or if you are simply looking for an additional way to receive joy in your giving, than I invite you to consider a Bryan College charitable gift annuity, a gift that will pay you income for life.

A charitable gift annuity is an agreement between you and Bryan College. In exchange for you transferring cash or property to us, we will pay you income for your life (or yours and your spouse).

Because a portion of the gift annuity is actually a gift to Bryan College, the United States Congress has passed laws allowing special tax benefits to all participants in gift annuities.

Advantages

  • Satisfaction in making a significant charitable contribution
  • Receiving income tax benefits both now and in the future
  • Receiving a current income tax charitable deduction for the gift portion
  • Receiving an income payment that is partially tax-free
  • Contributing appreciated property in exchange for a gift-annuity reduces part of the capital gains tax
  • Receiving income that will never be reduced for both individual and joint contracts
  • Knowing that your gift supports the mission, students, and programs of Bryan College

How It Works

PG-How-Gift-Annuity-Works
If you would like to receive a written illustration, please call me at 1.800.55BRYAN (27926); or email at steve.keck@bryan.edu and tell me more about your gift.