Thank you for considering a gift of stock to York County Community College Foundation. Following this process will help you avoid capital gains tax while helping to create an educated and trained workforce for Maine a reality:
Step 1: Consult with your tax advisor to determine what stock is the best for you to donate and for advice on any potential charitable deduction.
Step 2: Contact foundation@yccc.edu or 207-216-4319 to make known your intent to make a stock gift to York County Community College Foundation. This will help us quickly process the donation and to provide you with proper credit.
Step 3: Make a request to your broker to transfer the stock to York County Community College Foundation and notify foundation@yccc.edu of the pending transaction if you have not already done so. Do not sell the stock yourself or you may be subject to capital gains or other taxes. Please provide your broker with the following information:
| DTC Participant Number: | 2039 (SEI Private Trust Co FFC XXX Bank) |
| FBO/Account Name: | TBA |
| Account Number: | TBA |
| Reference: | Donor Name (including your name will ensure your gift is properly acknowledged) |
Contact Camden National Bank for support:
- TBA: (207) xxx-xxxx
- TBA: (207) xxx-xxxx
- xxxxxBankGiftClearing@xxxx.com
*For gifts of mutual funds or for stock not held in a brokerage account, please contact those listed above at xxxx bank.comStep 4: York County Community College Foundation will provide you with a written gift acknowledgment that will serve as your receipt for tax purposes.
Step 5: Enjoy tax savings and the satisfaction of knowing you are helping to create an educated and trained workforce to met the needs of business and industry in York County and beyond.
This content is intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.