Gifts of Securities

Securities such as stocks, bonds and mutual funds make a wonderful gift, and the procedure for donating them is simple.  Best of all, the tax savings to the donor can be significant.  Selling securities or mutual funds that have appreciated in value generally results in long-term capital gains tax if the securities have been owned for more than 12 months.  Making a gift of long-term (held over 12 months) appreciated securities or mutual funds to Saint Ben's avoids the 20% capital gains tax.  In addition,  the gift gives the donor who itemizes deductions an income tax charitable deduction for the full fair market value of the securities (up to 30% of adjusted gross income).

The College of Saint Benedict works with RBC Dain Rauscher:

RBC Dain Rauscher 
1015 West St. Germain, Suite 400
St. Cloud, MN 56301

Title:  College of Saint Benedict
Acct#: 1101-7044-0000
DTC#: 0235
Contact: (320)251-4213 Greg Neville

The College of Saint Benedict's IRS number is 41-0969244

If you plan on making a gift of securities, please e-mail or phone us.  Transfers are made without donor names attached.  Thank you!