Giving Stocks and Bonds

Gifts of long-term appreciated securities can allow donors to avoid capital gains taxes and receive a charitable income tax deduction.

To transmit stocks, bonds, or mutual funds to the College, instruct your broker to transfer the securities into Covenant's UBS account.

• The DTC account number for UBS is 0221.
• The College's brokerage account name is "Covenant College."
• The College's brokerage account number is AXB9026.

For more information, please contact:

Dawn McCulloh
Phone: 404.760.3030
E-mail: dawn.mcculloh@ubs.com

If a transfer to the Covenant College brokerage accounts is not possible, the College can appoint your broker as an agent for the College and instruct him or her to set up an account for Covenant College and sell the stock immediately.

If transfers using stock certificates are unavoidable, please send unendorsed certificates by regular first class mail along with a letter of transmittal to the Director of Development Operations, Covenant College, 14049 Scenic Highway, Lookout Mountain, GA 30750. Under separate cover, please mail a signed stock power executed in blank for each security along with a copy of the transmittal letter. Please do not fill in the College's name as transferee on either the stock certificates or stock power.

• Covenant College's Federal Identification Number (FID) is 43-0719506.
• The Covenant College Foundation's FID is 27-3298736.

Please note that the value of the securities gift may be slightly different from the actual sale price. The gift value will be the average of the high and low selling prices of the stock or bond on the date of the gift.

You are welcome to contact Marc Erickson, Executive Director of the Covenant College Foundation at 706.419.1645 if you have questions or need to provide the College with additional information concerning the gift.