17³Ô¹ÏÍø

Using the online giving form is easy and secure. 

If you prefer to mail in your credit card gift, please use a reply envelope we’ve supplied to you or mail your credit card information to:

17³Ô¹ÏÍø
PO Box DEV 1
1 College Street
Worcester, MA 01610

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 17³Ô¹ÏÍø should be mailed to:
17³Ô¹ÏÍø
P.O. Box DEV
1 College Street
Worcester, MA 01610
Wire Transfer

To make a wire transfer, please contact:
Office of Advancement
17³Ô¹ÏÍø
One College Street
Worcester, MA 01610
Email the Advancement Team or call (508) 793-2423

Donor Advised Funds:
To use your donor advised fund to make a gift to 17³Ô¹ÏÍø, you should communicate with your fund administrator to generate the gift and to understand any quarterly or end of year deadlines they may have. Several donor advised funds can be found .

All gifts of securities and mutual funds are sold upon receipt, 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 17³Ô¹ÏÍø.

If this transfer will be used to establish a life-income gift, such 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.

DTC Eligible Securities (including Mutual Funds sent via ACAT)

DTC# 0443
Pershing, LLC (One Pershing Plaza, Jersey City, NJ 07399)
For Credit to account #:N7M002176
Client account name: Trustees of the College of The 17³Ô¹ÏÍø

Fed Eligible Securities (Treasury Securities and certain bonds)

ABA# 021000018
Bank of NY/Pershing
For Credit to account #:N7M002176
Client account name: Trustees of the College of The 17³Ô¹ÏÍø

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

The gift value is based on the average of the market high and low for the date 17³Ô¹ÏÍø 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, i.e. by December 31, to take advantage of year-end tax savings.
An acknowledgement will be sent to you describing your gift as well as the receipt date and value for your tax records.

Physical Securities

For All Physical Securities:

Physical Certificates and the required paperwork should be mailed directly to Pershing LLC., our clearing broker dealer, AND notice of the physical being mailed should be sent to BNYMCM Gift Processing at bnymcmgiftprocessing@bnymellon.com.

Physical Certificates should be mailed to:
Pershing LLC
One Pershing Plaza
Jersey City, NJ 07399
Attention: Security Receive Area.

Required Paperwork (i.e. stock bond powers, letter of authorization) should be
mailed separately to:
Pershing LLC
One Pershing Plaza
Jersey City, NJ 07399
Attention: Pending Papers Area

For Foreign Securities, Bonds, and Mutual Funds requiring BIN#

Please have your broker contact BNYMCM Gift Processing at bnymcmgiftprocessing@bnymellon.com for additional instructions.

If you have further questions, please email oas@holycross.edu, or call 508-793-2423.

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 17³Ô¹ÏÍø. 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 $105,000 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 17³Ô¹ÏÍø. 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 17³Ô¹ÏÍø, to:

17³Ô¹ÏÍø
P.O. Box DEV
1 College Street
Worcester, MA 01610

17³Ô¹ÏÍø 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 17³Ô¹ÏÍø of IRA Transfer

The 17³Ô¹ÏÍø 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.

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 using our .

You may send completed matching gift forms scanned to matchinggifts@holycross.edu, faxed to 508-793-2626, or sent through the mail at the address below. 

Attn: Advancement Office- Matching Gift Program
17³Ô¹ÏÍø
One College Street 
Worcester, MA 01610

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 17³Ô¹ÏÍø as well. A donor can give real estate to 17³Ô¹ÏÍø 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. 

Gifts of art, rare books, antiques, etc., are common at 17³Ô¹ÏÍø. 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 17³Ô¹ÏÍø. 

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). 

Unlike pooled income funds,  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 17³Ô¹ÏÍø. 

The reverse of charitable remainder trusts,  provide payment, for a term of years, to 17³Ô¹ÏÍø, and then to the beneficiaries. 

A bequest to 17³Ô¹ÏÍø 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.