Help Salem State students achieve their dreams
More Ways to Give
Corporations and foundations choose to support Salem State because of our impact on the region and the Commonwealth. We are committed to advancing scholarship, research and innovation for the community and public good.
Matching Gifts
Many employers sponsor matching gift programs that can double or even triple the impact of your charitable contribution to Salem State.
A donor advised fund (DAF) is a charitable investment account that donors can use to support their giving. DAFs offer the favorable tax benefits of giving directly to charities with added flexibility around timing of gifts.
DAF assets are invested for growth by the sponsoring organization (for example, Fidelity Charitable or Schwab Charitable) and donors then recommend grants at any time to qualified 501(c)(3) charitable organizations, such as the Salem State University Foundation (04-2620632).
If you have a DAF with Fidelity Charitable, Schwab Charitable or BNY Mellon, you can easily recommend a grant using the DAF Direct form on this page, or by contacting the fund advisor.
Salem State University employees have the option to make recurring gifts through biweekly Direct Deposit Payroll Authorization.
In-Kind
Gifts-in-kind are non-monetary items of tangible personal property or other physical assets that represent value to the university. Examples might include equipment, books and artwork. Gifts in excess of $500 should be accompanied by a fair market estimation from the donor. Gifts that exceed $5,000 are subject to the IRS requirement of an independent appraisal.
For more information, please contact Lori Boudo at 978.542.7404 or lboudo@salemstate.edu.
A Tax-Effective Way to Donate Money to Charity.
A qualified charitable distribution is a distribution from an IRA made directly to an eligible charity, bypassing the owner of the account. Owners of individual retirement accounts who are at least age 70 1/2 can contribute some or all of their IRAs to charity.
Stocks
Online Gift Form: Notify Salem State of an Expected Gift of US Securities
Gifts of appreciated securities, stocks and bonds can provide considerable tax advantages when transferred to Salem State University before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a two-fold tax benefit; creating an income tax deduction as well as helping avoid the capital gains tax that would have been due on their sale. For more information, please contact Nicole Bousquet at 978.542.7588 or nbousquet@salemstate.edu.
Trust Department Security Delivery Instructions
Eastern Wealth Management:
Important: Please contact Ryan P. van Luling, CFP®, MST, CRPC®
Vice President
Eastern Bank Wealth Management
605 Broadway LF-41, Saugus, MA 01906
Phone: 617-897-1176, E-Fax: 781-477-1340
or Christina D’Andrea at 781.581.4247 or c.d’andrea@easternbank.com to coordinate a delivery date, per the following instructions:
Depository Trust Company – Delivery
The Bank of New York
DTC Account #901
Agent Bank #26500 Institution ID FINS #22108
For the Account of: Eastern Bank
Saugus, Massachusetts 01906
A/C #103413
For Further Credit to #2465938 Salem State University Foundation, Inc.
Treasury Issues
BK OF NYC/CUST/EASTERN BANK & TRUST/AC#103413
ABA 021000 018
For Further Credit to #2465938 Salem State University Foundation, Inc.
Mutual Funds: Please contact Ryan P. van Luling at 617.897.1176
Foreign Securities: Euroclear Account #97816 – Eastern Bank
For Further Credit to #2465938 Salem State University Foundation, Inc.
PHYSICAL DELIVERY
The Bank of New York
One Wall Street
New York, NY 10286
Attn: Arnold Musella - Window A, 3rd Floor
For the Account of Eastern Bank, 605 Broadway, 4th Floor, Saugus, MA 01906
A/C #103413
For Further Credit to #2465938 Salem State University Foundation, Inc.
WIRE INSTRUCTIONS FOR CASH
Eastern Bank
One Eastern Place
Lynn, Massachusetts 01901
ABA #011301798
A/C #00-2091-5 Eastern Bank
For Further Credit to #2465938 Salem State University Foundation, Inc.
MAILING ADDRESS FOR CHECKS
Eastern Bank
ATTN: Ryan P. van Luling, CFP®, MST, CRPC®
Vice President
Eastern Bank Wealth Management
605 Broadway LF-41, Saugus, MA 01906