Giving to Muskingum College
To sustain its tradition of high quality education, Muskingum must continually seek new resources. Even though the College strives to contain costs to students, tuition alone does not cover the full cost of making and keeping a Muskingum education accessible to those we serve. Thus, we encourage the support of those who believe in what we do so that we can continue to do it well.
Making a gift to Muskingum is a very personal way to participate in providing a high quality, liberal arts and sciences education to current and future generations. Each gift, regardless of size or manner in which it is given, is important to continuing our mission.
To learn more about the many ways you can support Muskingum, please contact the Office of Institutional Advancement at 740-826-8130.
Gifts of Cash
Gifts of cash are available for immediate use by the College.Checks should be made payable to Muskingum College. The College also accepts payments by VISA, MasterCard or Discover. Direct debit from a checking or savings account is also available.
Gifts of Securities & Mutual Fund Shares
Many alumni and friends find that appreciated stock provides an excellent vehicle for making their charitable gifts to Muskingum.
Making a gift of stock can be nearly as advantageous to the donor as to the College, especially in the case of securities that have been held for a year or more and that have increased in value. In such instances, the appreciated securities are deductible for their full fair market value at the time of the gift, and no tax on the capital gain is imposed on either the donor or Muskingum. For that reason, it is far more advisable to contribute the securities rather than to sell them and donate the proceeds. But if the current value of the securities is lower than the cost, then it is better to sell them yourself and donate the proceeds, taking advantage of the capital loss deduction.
There are two preferred procedures for transferring stock to Muskingum.
- If the stock you plan to give the College is held in your account with a brokerage firm, electronic transfer is the preferred method because your gift will be valued on the day it appears in Muskingum's account, which usually is the day you authorize the transfer. The toll-free number of the Zanesville office of Merrill Lynch is 1-800-937-7465; Muskingum's account number with Merrill Lynch is 69804037. The "DTC" transfer number is 5198. Please ask your broker to contact Gary Phipps at Merrill Lynch.
- If you hold the stock certificate(s) you plan to give Muskingum, the unsigned certificate(s) should be sent to the Office of Institutional Advancement at Muskingum by certified mail. You will also need to sign a Stock Power Form for each different security you plan to contribute. For example, if you plan to give us two certificates issued by Proctor & Gamble, you will need to sign only one stock power; if you plan to give us a certificate issued by P&G and another issued by AT&T, you will need to sign two stock powers. Only your signature is required on stock power forms; do not fill them in. You must have your signature guaranteed by a bank officer or investment broker using the Medallion signature guarantee stamp. Then send the signed stock power form(s), separate from the certificates, to: Office of Institutional Advancement, Muskingum College, New Concord, OH 43762.
Many businesses and corporations match the personal gifts to educational institutions made by employees, retirees, and their family members. Contact your companys Human Resource Office for more information.
Pledges allow a commitment to be made over a period of time based upon an agreed upon payment schedule. Pledge reminders are sent periodically.
Charitable gift annuities, pooled life income funds, charitable remainder trusts, and charitable lead trusts are examples of some planned giving vehicles. By giving such gifts, you contribute to the College and, in most instances, increase your annual income, enjoy a charitable deduction, and avoid taxes on your capital gains.
You may include the College in your will by leaving a percentage of the estate, a specific dollar amount, or by naming Muskingum College as the residual beneficiary. Estate taxes can be reduced by making a bequest.
Gifts of Real Estate
Gifts of Real Estate can be made to the College outright, transferred to the College in a bargain sale or can be used to fund a gift annuity or a unitrust. You can also contribute real estate to the College and reserve the right to occupy the property during your lifetime. Each plan has its own tax and income benefits.
Gifts of Personal Property (Gifts-in-Kind)
A gift of capital assets (art objects, rare books, antiques, equipment, etc.) can be given to the College for educational purposes, or can be sold by the donor for the immediate benefit of the College.