Giving appreciated securities can be an especially advantageous way to support Canisius. Donors of long-term appreciated securities avoid payment of capital gains and are eligible for a federal income tax charitable deduction equal to the fair market value. To avoid the capital gains tax be sure to give the securities to Canisius. If you first sell the securities then give the proceeds to Canisius you will be liable for any capital gains tax due.
Methods for Transferring Securities to Canisius College:
There are three methods for transferring securities. The preferred method is the paperless transfer to a Canisius College brokerage account, stock transfers may also be mailed or hand delivered to the college.
For specific instructions on transferring securities please contact Fran Mergl, director of development services, at merglf@canisius.edu or (716) 888-8211.