A substantial tax advantage may be available to you if you give securities which have appreciated significantly in value, especially when the tax deduction for the gift at fair market value and the probable avoidance of capital gains taxes are considered.

Gifts of securities can be made in three ways:

• You may hand deliver the securities to Hope College.

• You may place the securities with a broker, bank, or other agent to be held for the account of Hope College, with a request that Hope be notified by telephoning the College Advancement Office (616-395-7775). They will instruct the broker or agent about the sale or delivery of the stock.

• You may send unendorsed stock certificate(s) directly to Hope, preferably by registered mail, accompanied by a transmittal letter indicating your name(s) and address(es) as it/they appear on the certificate(s). A stock power should be sent under separate cover with a copy of the transmittal letter. All materials should be addressed to: College Advancement, Hope College, 141 E. 12th Street, Holland, MI 49423.

Securities are credited at the mean value between the high and low trades on the date they 1) were hand-delivered or mailed (date of postmark) in negotiable form to Hope College or its agent; or 2) were placed in an account in Hope College's name. Closely held stock with no ready market value is credited at the appraised value. Neither gains nor losses realized by the College's sale of the securities after their receipt will affect the credited gift value. Any brokerage fee incurred will be paid by Hope College, and changes in value prior to liquidation will be considered operating expenses or income of the college.

NOTE: Please do not send securities to a corporation or to a corporation's transfer agent for transfer into Hope's name. This restricts your ability to select a date to make the gift. In cases where such a transfer is made, the date of the gift is the date on which the securities are transferred into the college's name on the corporate books.

Hope College also accepts gifts of mutual fund shares. Please contact the College Advancement Office for details if you are interested in making a gift this way.

If you would like to know more about this effective way of giving, please contact any Regional Advancement Director or Scott T. Wolterink (wolterink@hope.edu, 616-395-7777), Vice President for College Advancement, for specific details. Gifts of appreciated property or securities can help you to make a larger (and less expensive) contribution than you might originally consider when otherwise making a cash gift.