Securities

Gifts of securities (i.e. bonds, stocks, mutual fund shares) that have appreciated is a superb way to show support for Grays Harbor College.  Gifts of securities may create a favorable income tax deduction for you based on the assets' current value.  Please contact your tax advisor with questions about the deductibility of these gifts and how it applies to your personal tax situation. 

Donating Securities Held in Brokerage or Bank Accounts

For stocks and bonds held in a brokerage or bank account, please contact us for delivery instructions. Please note that transfer instructions change over time and should be reconfirmed each time a transfer is made to ensure the instructions are still valid. Contacting us will also help us to identify and acknowledge your gift in a timely way.

Donating Securities Held in Certificate Form

Stocks and bonds may be sent to the GHC Foundation by certified U.S. mail with return receipt requested.  Please contact us to discuss the acceptance and transfer of your gift.

Closely Held or Restricted Stock

A closely held or restricted stock may be accepted by the Grays Harbor College Foundation under certain conditions. Please contact us to discuss the acceptance and transfer of your gift.

Mutual Funds

Please contact us for assistance with mutual fund share transfers since processes differ from company to company. We can contact your mutual fund company to determine the appropriate transfer procedures.

Valuation of Securities

  • Stocks: the value is calculated by averaging the high and low quoted selling prices for the stock on the date the stock is:
    • transferred into our investment account
    • mailed and post-dated
    • hand-delivered to our office
  • Bonds: the value is calculated by averaging the bid and ask prices for the bond on the date the bond is:
    • transferred into our investment account
    • mailed and post-dated
    • hand-delivered to our office
  • Mutual Funds: the value is calculated using the Net Asset Value (NAV) for the mutual fund on the date the stock is received in our investment account.

How Can We Help?

If you have questions about gifting securities, please do not hesitate to contact us.