Designate and Donate — Stocks and Investment Accounts

How It Works

  • Contact your broker about a TOD (Transfer on Death) form to designate and donate stock. Contact your broker or investment account holder about a TOD (Transfer on Death) or beneficiary designation form for mutual funds or other types of investment accounts.

Benefits

  • You receive an income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
  • You pay no capital gains tax on the transfer when the stock or share of investment account is sold.

Stocks and Investment Accounts: You've Planned for the Future

Investment accounts hold cash or stocks for the long term. You may have a mutual fund or a brokerage account, which is held at a financial institution. The objective of these accounts is to achieve long-term growth, provide future income or preserve capital. After your passing, the remaining account balance may be transferred to heirs or charity.

When you opened the account, you should have received a form that tells the financial institution what to do with the assets when you pass away. This form is called a "Transfer on Death" (TOD) form. With it, you decide how your assets will be transferred. If you do not complete this form, you will cause unnecessary confusion among your heirs and added expense to your estate administration.

Keep it simple. Ask the account custodian for a TOD form, complete it, and share it with your financial or legal advisor. You can also leave all or a percentage of the assets to KUA. Any portion of your investment account left to us will be exempt from estate and inheritance tax. You also avoid paying any capital gains on assets that have increased in value over the years!


The material presented on this Planned Giving website is not offered as legal or tax advice.
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Kimball Union Academy

603-469-2000  · 603-469-2040 (fax)  · info@kua.org
Founded in 1813, Kimball Union Academy is one of the oldest private boarding high schools in New Hampshire and the country. KUA blends the best of the New England boarding tradition with an innovative, modern educational program for a diverse group of day and boarding students from across the country and around the world. Located in Meriden, New Hampshire in the heart of the Upper Valley, Kimball Union is minutes from Dartmouth College and has direct access to Boston and New York.