College Gift

Cornell College - Supporting Cornell - Make a Gift Home > Supporting Cornell > Make Your Gift Quick Links.... Supporting Cornell Student Organizations Calendar Cornell Directory Site Map Residence Life Career Services Registrar Supporting Cornell The Annual Fund Planned Giving Recognition & Thanks Get Involved Contact our Staff Related Topics Alumni Athletics Making Your Gift to Cornell College Cornell College depends on contributions of all sizes from alumni, parents and friends in order to sustain and enhance its excellence in liberal arts education. To make a gift to Cornell College, please choose from the options below. And don't forget that you may be able to increase the impact of your support through corporate matching gifts . Leadership Circle - $10,000 + Presidents Society - $1,500 + Royal Purple Society - $500-$1,499 Hilltoppers Society - $300-$499 "The Rock" Society - $150-$299 Contributors Society - $1-$149 Your gift will be recorded upon receipt and an acknowledgement letter and tax receipt sent to you. Thank you in advance for your support of Cornell! Gifts of Cash Gifts of Securities Planned Gifts Non-cash Gifts GIFTS OF CASH By automatic cash transfer (EFT) ... Your electronic funds transfer (EFT) gives Cornell permission to charge your bank account for your gift. Payments are automatic, for however long you specify. Your gifts are still tax-deductible and you'll receive a receipt at the end of the calendar year. Each withdrawal will show on your monthly bank statement. To make a gift via EFT , complete and sign the authorization form *. You will be mailing this to Cornell. Send the completed form to: Office of Alumni & College Advancement Cornell College 600 First Street West Mt. Vernon, IA 52314 *Please note that in order to view this form, you must have Adobe Acrobat Reader. You can download this software for free. By check ... To make a gift via mail , complete the Gift Form and mail to: Office of Alumni & College Advancement Cornell College 600 First Street West Mt. Vernon, IA 52314 By credit card ... Cornell accepts Visa, MasterCard and Discover. Call (319) 895-4248 or toll free 1-877-MVERNON (683-7666) Please have your credit card number and expiration date ready, along with a daytime phone number where you can be reached. You may make your credit card gift online via our secure web site . To make a credit card gift via mail , complete the Gift Form and mail to: Office of Alumni & College Advancement Cornell College 600 First Street West Mt. Vernon, IA 52314 GIFTS OF SECURITIES Gifts of long-term appreciated securities (those held more than a year) offer many advantages and tax benefits to the donor. Contributions of securities receive an income tax deduction based on the market value, not the donor's cost, and capital gains tax is avoided. Gifts of publicly traded securities can be made either by delivering the certificates to the college (in person or by mail) or by transfer of ownership through a broker. Making the gift with securities ... When making a gift of securities, please contact either the Office of College Advancement or the Business Affairs Office. It is important to have complete donor information (name, address, phone number), the name and type of securities to be gifted, number of shares and the date you intend to make the gift. Office of College Advancement Attn: Debbie K. Green 600 First Street West Mt. Vernon, IA 52314 Email: dgreen@cornellcollege.edu Tel: (319) 895-4202 Fax: (319) 895-5670 Business Affairs Office Attn: Mike Kragenbrink 600 First Street West Mt. Vernon, IA 52314 Email: MKragenbrink@cornellcollege.edu Tel: (319) 895-4383 Fax: (319) 895-5187 TYPES OF SECURITIES TRANSFERS If the securities are held by a bank or broker… The securities should be transferred via DTC (Depository Trust Company) to Cornell's brokerage account at Securities Corporation of Iowa (SCI). Notify your broker in writing that you wish to make a transfer from your account to Cornell College's account. Identify the securities to be gifted and provide the following transfer instructions: DTC Routing No. 0733 Cornell College SCI Account No. 2084-5124 It is important for us to know the identity of the donors of all securities gifts in order to give prompt and accurate credit for all gifts received. It is often very difficult to obtain this information after the transaction is processed. Therefore, in addition to instructing your broker to include your name and address in the transfer instructions, please contact the Office of College Advancement or the Business Affairs Office at the above address and phone numbers and forward a copy of your authorization letter to us. If the certificate is held by you… Place the unsigned certificate(s) in one envelope along with a cover letter expressing your intention to give the securities to Cornell College and indicating the purpose of the gift. In a separate envelope, send a Stock and Bond Power, filling in only your signature but no other information, along with a copy of the letter you sent with your certificate(s). Your signature should be written exactly as your name appears on the certificate. Mail both envelopes at the same time, preferably by registered mail. This method ensures that the certificates are not negotiable until both envelopes are received. Valuation date and method... The value of a stock gift is calculated by averaging the high and low selling prices on the date of your gift. For securities transferred electronically, the gift date is the date the securities are deposited in our SCI account. For delivery of certificates by mail, the gift date is the postmark date. As soon as a securities gift is received and matched to the donor, an acknowledgement letter will be sent confirming the value of your gift. PLANNED GIFTS Providing for the future of Cornell College can be accomplished through a variety of gifts known as planned gifts. Common types of planned gifts include bequests, charitable gift annuities, charitable remainder trusts, and charitable lead trusts. For more information you may request our brochures that we have available or speak with our staff at: Office of Alumni & College Advancement Attn: Steve Miller Cornell College 600 First Street West Mt. Vernon, IA 52314 Email: smiller@cornellcollege.edu Tel: (319) 895-4331 Fax: (319) 895-5670 The Cornell staff can provide general information, not legal or tax advice. Consult a lawyer or accountant if you have legal or tax matters requiring attention. NON-CASH GIFTS In addition to outright cash gifts, sometimes items of personal property, or gift-in-kind donations, have value to the college. Gift-in-kind items can include books, art, collectibles, equipment and other physical assets which represent value to the college. Unreimbursed expenses or personal services are not considered tax-deductible, charitable gifts-in-kind. The college reserves the right to use, sell or decline gifts-in-kind. If a donor wishes to claim an income-tax deduction for more than $5,000 of gift-in-kind property, federal law requires the donor to complete IRS Form 8283 *. The donor must also obtain an independent appraisal for any gift valued over $5,000. If you have a potential gift-in-kind item, please contact: Office of Alumni & College Advancement Cornell College 600 First Street West Mt. Vernon, IA 52314 Tel: (319) 895-4247 *Please note that in order to view this form, you must have Adobe Acrobat Reader. You can download this software for free. Contact Information Office of Alumni and College Advancement Cornell College 600 First Street West Mt Vernon, IA 52314 Phone: (319) 895-4247 Fax: (319) 895-5670 E-mail: supporting@cornellcollege.edu Maintained by: Alumni and College Advancement Last Update: July 7, 2005 9:09 am 600 First Street West, Mt. Vernon, Iowa, 52314 ©2003 Cornell College; All Rights Reserved

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