Planned Giving to Alpha Sigma Nu
Planned gifts provide a way to ensure that your support of Alpha Sigma Nu helps and is remembered by future generations. Any gift which is transferred with the help of a professional is considered a planned gift. Planned gifts are a tax-wise way of giving and offer benefits to you, the donor, as well as to our organization. Planned gifts include: bequests, retained income gifts, life insurance, and retirement plan benefits. Since the information on this site is not intended as legal, tax, or investment advice, it is highly recommended that prospective donors consult with their own tax or legal advisors prior to making a planned gift.
Gifts of Stock
Increasing numbers of Alpha Sigma Nu members have found that by making a gift of appreciated securities they can not only make a larger contribution than they could with a cash contribution but also potentially reap additional tax benefits. A gift of securities offers a number of advantages to the donor. The gift is credited for the full market value of the securities, and the donor may deduct this full amount from federal income tax (if it is within 30 percent of adjusted gross income). Moreover, the donor does not pay capital gains tax on the increased value of the securities. Alpha Sigma Nu does not render tax advice, so donors are advised to seek tax advice from a qualified tax professional. To make a gift of securities to ΑΣΝ, you may:
- send the unendorsed stock certificate and, under separate cover, a signed stock-power form executed in blank (no named transferee) to: Katherine B. Gaertner, Executive Director, Alpha Sigma Nu, PO Box 1881, 707 N. 11th St. #330, Milwaukee, WI 53201-1881.
- instruct a broker to transfer the securities from your account to Alpha Sigma Nu's account, and at the same time inform Katherine Gaertner of the transfer, by mail, via e-mail message (info@AlphaSigma.org), or by telephone (414-288-7542)
NOTE: Alpha Sigma Nu's broker is Joseph C. Wilson, Financial Consultant, Smith Barney, 411 E. Wisconsin Ave., Suite 2200, Milwaukee, WI 53202. Phone: 414-226-3052, (800) 558-7505, FAX (414) 226-3081. The value of a gift of securities is established using the mean of the high and low stock quotations on the day the securities pass to Alpha Sigma Nu's control.
Date of Contribution for Gifts of Securities
If the securities are transferred electronically (via DTC), then the date of contribution is the date on which the securities are received in Alpha Sigma Nu's account. Please note that the gift of securities is not complete until you, and your transfer agent, have delivered the securities to Alpha Sigma Nu's account. Merely instructing your broker to make the transfer is not enough to satisfy the IRS legal requirement. In some cases, brokers may move stocks into a temporary account or delay completing the transfer. Be sure to let your broker know when it is essential that the transfer to Alpha Sigma Nu be executed immediately. For stock certificates mailed or delivered to Alpha Sigma Nu, the date of contribution is the later of: (a) the postmark on the envelope containing the certificate, (b) the postmark on the envelope containing the stock power, (c) the endorsement date on the certificate or stock power, or (d) the date the certificate is hand-delivered to an agent of Alpha Sigma Nu. If a stock certificate is not sent to Alpha Sigma Nu but registered in our name by the donor and the donor's agent, the date of contribution is the date the stock is transferred on the books of the issuing corporation. For more information, reference documents IRS Publication 561.