Gifting Stocks and Mutual Funds

Support Our Mission and Enjoy Tax Benefits

Donating stocks and mutual funds that have grown in value and been held for more than a year is a smart and increasingly common way to support Central Connecticut State University. This type of gift allows you to champion our mission while also gaining meaningful financial advantages.

When you contribute long-term appreciated securities or mutual fund shares to Central, you may avoid paying federal capital gains tax on the appreciation and also qualify for a charitable income tax deduction based on the current market value of the assets at the time of the gift.

Here are a couple of the most effective ways these gifts are used to support our work:

An Outright Gift of Appreciated Securities

By donating stock directly to Central, you can receive the same income tax deduction as you would with a direct cash gift, plus the added benefit of potentially eliminating capital gains tax, sometimes up to 20%, on the appreciated value.

A Transfer on Death (TOD) Account

You can designate Central as the beneficiary of your investment or brokerage account through a Transfer on Death arrangement. The account remains fully under your control during your lifetime and transfers to the university only after your passing.

Explore more creative ways to fund your gift by clicking the links below

• A gift in your will or living trust
• A donor advised fund
• Memorial and tribute gifts
• An endowed gift

*Because state laws apply to payable on death accounts, we recommend speaking with your bank representative or investment advisor before making this type of gift.