Donate Stock to Geneseo

Securities may be given at their present market value as an outright gift to the Geneseo Foundation. Gifts of appreciated securities offer tax advantages, as they provide an income tax deduction based on the stock's fair market value.

When transferring securities, it is important to use our full legal name and correct address:

The Geneseo Foundation, Inc.
Doty Hall, SUNY Geneseo
1 College Circle
Geneseo, NY 14454
Phone:(585)-245-5518
Fax: (585) 245-5514
Federal Tax ID: 23-7104179

DTC Information

If the security is eligible for electronic transfer by The Depository Trust Company (DTC), instruct your broker to deliver the assets using the following instructions:

DTC: 0226, National Financial Services
Further credit to account #:  NYK – 003647
Account Name:  The Geneseo Foundation, Inc. - Gift Account

Securities registered in book form/street name at a broker can be delivered to:

City National Securities DTC #0226 NFSC
Further credit to account #:  NYK – 003647
Account Name:  The Geneseo Foundation, Inc. - Gift Account

It is the policy of the Foundation to sell securities immediately upon transfer.

Instructions on how to transmit securities: Charitable Donations of Securities.

Valuation

The value of a gift of stock is determined as the delivery date when the securities pass unconditionally from your control. The IRS stipulates that the gift value be determined by calculating the mean between the high and low quotations on the delivery date the transfer takes place.