One of the biggest tax advantages in charitable giving continues to be the double benefit donors get when donating appreciated assets to Chowan University instead of cash. By giving appreciated assets (like stocks held for more than one year), you'll get a charitable tax deduction for the full value of the asset and avoid any capital gains tax that would have applied if you had sold the stock and made your gift in cash.
Special instructions are required. The donor's broker must contact First Citizens directly to obtain specific transfer instructions. Note: due to the complexity involved, these transfers can take upwards of 30 days to complete
R. Brandon Whitley, Institutional Advisor
Brandon.Whitley@firstcitizens.com or 919-716-2015
Charlie Dickinson, Trust Specialist
First Citizens Bank & Trust Co,
Attn: Brandon Whitley
4300 Six Forks Road - FCC61
Raleigh, NC 27609
It is important to notify Major Gifts and Planned Giving of the specifics of this transaction (stock name, share quantity, gift designation) so we can credit your gift appropriately. Please contact us at 252-398-1232 or firstname.lastname@example.org.