Maximizing Support through Thoughtful Stock Gifts

Big philanthropic dreams require creative thinking! This strategy led Donna DeCrane Panzica ’78 and her husband Tim to establish an endowed fund at Saint Mary’s College by thinking beyond cash. 

Panzica's mother, Flora Friday DeCrane ’51, and several aunts attended Saint Mary’s. “There’s a warmth to sharing space and place where others have gone before me,” Panzica said. When she arrived on campus, she met lifelong friends, expanded her heart and mind, and experienced spiritual growth on our tranquil campus.

When Panzica gives back to Saint Mary’s, she and Tim donate appreciated securities. The couple loves the double tax savings—avoiding capital gains tax, as well as deducting the current market value of the stock. It’s a “relatively painless” way of giving, as stock donors bought the asset long ago. “Most importantly,” Panzica adds, “it allows the opportunity to most impactfully share our resources and blessings with institutions that we hold dear.”

The Panzicas were “thrilled” when Saint Mary’s hired Redgina Hill, Ph.D., now the Vice President for Inclusion and Equity. “As we have seen too frequently, people of color are severely disadvantaged in many areas of life: housing, medical, education, just to name a few,” Panzica said. She and Tim fully support the plan for the Office for Inclusion and Equity "to educate all about inherent bias, to call out discrimination and call for justice, to support minority communities, to educate all faculty, staff, and students, and to provide an inclusive learning and living environment on campus.”

The Panzicas donated securities to establish a fund on campus to support Achieving a Culture of Human Dignity and Solidarity, a key commitment of Revere and Revise: Saint Mary’s College 2030.

August 30, 2021