You are here

Ways to Give

Outright Gifts

Make Your Gift Today

Online Giving

Using the online giving form is easy and secure. Make your gift today »

Cash

Simplicity and ease of delivery make cash the most popular type of outright charitable gift. Such a gift may be made in the form of cash, check or credit card. To phone in a credit card gift, call toll free (877) 433-1843.

Checks:
Checks made out to the College of the Holy Cross should be mailed to:
College of the Holy Cross
P.O. Box DEV
1 College Street
Worcester, MA 01610
Wire Transfer

To make a wire transfer, please contact:
Arielle Berti
Office of Advancement
College of the Holy Cross
One College Street
Worcester, MA 01610
Email Arielle or call (508) 793-3655

Securities and Mutual Funds

Unless otherwise stipulated, all gifts of securities and mutual funds are sold, making them available for immediate use by the College. The charitable deduction is determined by the fair market value on the date of the transfer of the asset to Holy Cross. 

If this transfer will be used to establish a life-income gift, such a as a charitable gift annuity or trust, please contact the Office of Gift Planning at 508-793-3481 for wire transfer instructions. For all other purposes, please follow the directions below.

Electronic Transfer of Stock
Please advise your broker to electronically transfer stock via DTC as follows:
DTC #0015
Contact: Joanne Ludwig 617-946-5115 at Morgan Stanley 
Account Number: 486-207776-355


Please notify the Office of Advancement of your pending transaction by calling 508-793-2423 or email onlinegiving@holycross.edu with the following information: 
• # of shares being transferred
• Name(s) of security(ies)
• Your broker's name, brokerage firm, phone and fax numbers
• Broker's DTC#
• Your mailing address for gift acknowledgment
• Purpose or designation of gift

The gift value is based on the average of the market high and low for the date Holy Cross receives the gift (not the date you advise your broker to make the transfer). Please be sure to let your broker know when you want the transfer to take place so that it can be accomplished in your desired time frame (e.g., by December 31) to take advantage of year-end tax savings.  

Transfer of Paper Certificates

Hand Delivery: Please be advised that a signed stock certificate is considered cash. We do not recommend that you sign your stock certificate. Rather, if you will be handing your certificate to a representative from Holy Cross, please provide:

1) Unsigned stock certificate
2) Signed stock power (exactly as your name appears on the certificate)

The gift value is based on the average of the market high and low for the day we receive the gift. A gift acknowledgement letter will be sent to you describing your gift as well as the receipt date and value for your tax records. The College policy is to sell all securities as soon as possible.

The College policy is to sell all securities upon receipt. 

By Mail: Please be advised that a signed stock certificate is considered cash. We do not recommend that you sign your stock certificate. Rather, please send:
1) Unsigned certificate(s) in one envelope, together with a note letting us know the stock power will be arriving in another envelope.
2) Signed stock power (exactly as name appears on certificate) together with a note that your unsigned certificate(s) is arriving under separate cover.

To: 
Charlene Bellows
Controller's Office
College of the Holy Cross
One College Street
Worcester, MA 01610

The gift value is based on the average of the market high and low for the postmarked date on the envelope. An acknowledgement will be sent to you describing your gift as well as the receipt date and value for your tax records. The College policy is to sell all securities as soon as possible.

If you have further questions, please email the Office of Advancement, or call 508-793-2423.

IRA Charitable Rollover

IRA Charitable Rollover Is Now Permanent
In December 2015, Congress passed H.R. 2029: Protecting Americans from Tax Hikes (PATH) Act of 2015, which made permanent what is popularly known as the IRA charitable rollover.

Under this legislation, if you are 70 ½ and older you can use your Individual Retirement Account (IRA) to make a gift directly to your favorite charitable institutions, including Holy Cross. By making this direct distribution to the College, you will exclude the amount of the gift from your gross income for federal tax purposes.

Here are the requirements and restrictions for making an IRA charitable rollover gift:

• The donor must be 70½ or older.
• The gift must be made directly from the IRA administrator to an eligible charitable organization.
• Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer for the year.
• The gifts must be outright, and no material benefits can be received in return for the gifts. Thus a transfer for a gift annuity, charitable remainder trust, or pooled income fund is not permitted.
• Gifts cannot be made to a donor advised fund, supporting organization, or private foundation.
• The gift can be made only from an IRA. Gifts from 401(k), 403(b), and 457 plans are not permitted.
• The gift is not included in taxable income; therefore, no charitable deduction is allowed. The donor will, however, receive an appropriate gift acknowledgment for their records.

To make a gift:

• Contact your IRA administrator to request that a charitable distribution be transferred to the College of the Holy Cross. You must specify whether the gift is to be made before the end of the calendar year.
• To ensure gifts are properly recognized and recorded, instruct your IRA administrator to indicate your name on the check and specify that the gift is an IRA charitable distribution.
• Instruct your IRA administrator to send your check, made payable to Trustees of the College of the Holy Cross, to:

College of the Holy Cross
P.O. Box DEV
1 College Street
Worcester, MA 01610

College of the Holy Cross Tax ID: 04-2103558

Note: The IRA charitable rollover is federal law; state and local law may not provide the same benefits.

To assist donors interested in making a charitable gift from their IRA, we have provided the following sample letter templates:
Sample Request from Plan Owner/Donor to IRA Administrator
Sample Letter from Donor Informing Holy Cross of IRA Transfer

The College of the Holy Cross is an educational institution and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. The College strongly encourages all of our benefactors to seek counsel from their own legal and financial advisers. Please know that any information or documents shared by the College cannot be used to avoid tax-related penalties.

Matching Gifts

Many businesses and corporations match personal gifts to educational institutions made by their employees or, in some cases, by family members of employees and/or retirees. By taking advantage of your matching gift benefit, you can double or triple the amount of your gift. Find out if your company is a matching gift company »

Gifts of Tangible Personal Property

Real Estate

A viable alternative to an outright gift of cash or securities is a gift of property. With careful planning, a gift of property can provide even greater tax benefits to the donor than gifts of cash or securities, and is helpful to Holy Cross as well. A donor can give real estate to Holy Cross outright, transfer that asset into a charitable trust, or arrange for a bargain-sale agreement. In the case of a gift of a home, the donor can even give the home while retaining the right of occupancy until the donor and/or the donor's spouse passes away. Contact the Office of Gift Planning for more details. Learn more »

Personal Property

Gifts of art, rare books, antiques, etc., are common at Holy Cross. In many cases, the gift is retained for its educational value; in a few cases, the gift might be sold. These decisions are always made between the donor and Holy Cross. Learn more »

Gifts that Provide a Stream of Payments

Charitable Gift Annuities 

Charitable gift annuities are the oldest and simplest method of making a planned gift. In exchange for an asset (generally, cash or marketable securities), a specific income is guaranteed to the donor and/or another beneficiary for their lifetime(s). Learn more »

Charitable Remainder Trusts 

Unlike pooled income funds, charitable remainder trusts are managed separately. This type of gift vehicle allows you to select your rate of return, receive fixed or variable lifetime income and a tax deduction. The remainder interests benefit Holy Cross. Learn more »

Charitable Lead Trusts 

The reverse of charitable remainder trusts, charitable lead trusts provide payment, for a term of years, to Holy Cross, and then to the beneficiaries. Learn more »

Bequests

Gifts Through Wills

A bequest to Holy Cross can be a powerful expression of your faith in the future of the College. Through your will or trust you may support areas important to you at the College or provide an unrestricted gift that will be applied to the College’s most urgent needs. You may also be able to take advantage of an estate-tax charitable deduction and, possibly, reduced estate settlement costs. Learn more »