Gifts of Securities

Tax Advantages
Giving appreciated securities is a convenient way to support the Independent College Fund of Maryland (the I-Fund)while gaining tax advantages.
	You receive an income tax deduction for the full market value on the date of the gift, provided you have owned the securities for more than 12 months.
	Most donors avoid capital-gains tax otherwise due on the sale of the securities.

How to Give Securities
Securities Transfer Instructions Options for electronically transferring stock
	Your Broker could choose to set-up an account at your brokerage firm in the name of the Independent College Fund of Maryland and transfer your securities into this account, sell the securities, sending the proceeds to the I-Fund.
OR
	Your Broker can transfer your securities to the firm with an I-Fund account. I-Fund federal tax ID number (52-069-2469).

The average of the high and low of your securities on the day of transfer is the amount credited to you as your gift to the I-Fund.

	Broker:	Stifel Nicolaus & Co.
	Address:	36 S. Charles Street, Baltimore, MD 21201
	Contact:	Mark McGrath
	Email:	mcgrathm@stifel.com
	Phone:	410-659-2373

	DTC#:	793
	Account#:	6505-7961
	Account Name:	Independent College Fund of Maryland

We would appreciate it if you or your Broker would notify the Executive Director of the I-Fund at (443) 997-5701 of the approximate date of the transfer.

Unfortunately, when funds are transferred electronically, the donor's name is not always included in the transfer information. By letting us know of your gift, we will be able to properly match the stock that we received with your gift record. Please call, write or email us with the following information:

Date of Transfer

The date of transfer is, by legal definition, the date on which you relinquished control of the stock. That means in the case of stock transferred via brokerage accounts, the day on which the transfer into an I-Fund account occurred, not the day you instructed your broker to make the transfer and not the day on which the stock was sold.

In the case of stock transferred via certificate and stock power, the date of transfer is the postmark date of the stock power.

Value of the Gift

The value of the gift for tax purposes is the mean value on the official date of transfer. The mean value is obtained by averaging the high and low for the stock on the official date of transfer. In the case of stock or other securities that do not fluctuate in value but in which there is a difference between the bid and ask price, the official value is the average between the bid and ask on the date of transfer. Your official value for tax purposes may be different from the proceeds realized by The I-Fund from the sale of the securities.

Acknowledgment

We will acknowledge your gift in writing as soon as we receive notice that the stock has been transferred into the I-Fund account or as soon as we have received a signed stock certificate and stock power. Our letter will include the official value of your gift and may be used to receive proper credit when you file your tax returns.

For further information please contact:

Rick Haberstick, Executive Director
Independent College Fund of Maryland 3225 Ellerslie Ave., Suite C-160 Baltimore, MD 21218
Phone: (443) 997-5701
Fax: (443) 997-2740
Email: rhabers@jhmi.edu

These procedures will help ensure that your gift is properly recorded and acknowledged by
the I-Fund.