HOW TO TRANSFER STOCK TO THE UNIVERSITY
If you transfer long-term, appreciated stock to the University, it can be sold by UD and you will avoid tax on the gain. If your stock has been held long-term but has decreased in value, it may be more advantageous for you to sell the stock and give cash to UD.
Procedures for Stock Gifts
Stock gifts can be made in several different ways. Due to the Securities Exchange Commission (S.E.C.) regulation requirement for signature(s) to be Medallion guaranteed by an authorized officer of a participating brokerage firm or a bank registered by S.E.C., it is suggested that potential donors deliver stocks they may want to donate on short notice to a broker. The stock then can be readily moved in street name.
It is important that donors making a stock transfer to the University notify the University that they are making such a stock transfer and also inform us of the desired use of the gift. It is also important that donors specifically authorize their brokers to disclose to the University the name of their client and the details pertaining to the stock transfer to the University. Such steps are particularly critical since privacy laws prohibit brokers from disclosing the names of clients making wire transfers of stock unless the disclosure of such information has been specifically authorized by their client.
The following are methods, in order of preference, for transferring stock to UD. In all cases, a letter (or copy of your instructions to the broker) should be sent to the Financial Services Coordinator named below to help with identification and should indicate whether proceeds from your gift should be unrestricted, or earmarked for a specific purpose.
1.If stock is held in a brokerage account (in street name), you may instruct your broker in writing to place the shares into an account in the name of the University of Delaware. The broker should contact the Financial Services Coordinator named below for instructions on disposal of the shares, as the University may have an account with your broker.
2.Stock may be transferred directly to the University's brokerage account via Depository Trust Company (DTC) at M&T Securities. Instructions should be given to place the stock in the UD's Gift Account, Number AZD949659, Pershing LLC---DTC 0443 at M&T Securities.
3.If the stock certificate is held in the name of the donor, the back of certificate can be endorsed and dated, but it should not be assigned to UD. The signature must be Medallion guaranteed.For a sample letter of the Medallion guaranteed, please see the final page of this document.
If the stock certificate is in the name of the donor and not endorsed on the back of the certificate, the donor must execute a Stock Power and have his or her signature Medallion guaranteed on the stock power.
When using the stock power, fill in only the signature(s) and the date at the bottom. Please deliver or mail the certificate(s) and stock power by certified mail to:
Mrs. Suzanne Deshong
Financial Services Coordinator
Vice President for Finance and Administration
220 Hullihen Hall
University of Delaware
Newark, DE 19716
If mailed, the certificates and the stock power should be sent separately for security. The date of the gift will be the day the certificate is delivered to the University or, if mailed by U.S. mail, the postmark date.
4.While not the preferred method, stock may be sent via mail if it is made out in the name of UD. No stock power is required.
5.If giving mutual fund shares, you should work with your broker or mutual fund and UD to have the shares reregistered in the University’s name.
For assistance in making a gift of stock, please contact the Office of University Development at (302) 831-2104 or the Vice President for Finance and Administration (302) 831-8964.
ID # 51-6000297University of Delaware Brokerage Firms
The University holds accounts with the brokerage firms listed below. If you, the donor, hold an account with one of the firms listed below, it is the University’s preference that the transfer is made with one of these firms. If you do not have an account with one of the firms, please transfer the securities to the M&T Securities account.
Please contact Suzanne Deshong in our Finance Department to notify the University of the pending transfer. She can be reached at 302-831-8964 or by email at . Provide the following information:
Your name
Name of stock
Number of shares
Designation
Time frame expected
Name of brokerage account
Please ask your advisor to send your name with the transfer. Donor names do not trail with a stock transfer, making it difficult to identify. Providing information to identify the transferis critical to ensure the gift is credited to the proper account and you receive recognition foryour generosity. Should have any questions about transferring securities, you may contact Suzanne Deshong.
Janney Montgomery ScottSam Roberts836-46606
(610) 254-1112
DTC 0374Nancy Mansfield - assistant
1-800-866-7608
(610) 964-1842 fax
JANUS45-308075703
M&T SecuritiesAZD949659
10th & Market Streets1 (800) 724-7788
1100 North Market StreetOption 2
Wilmington, DE 19809Melissa Dewalt
DTC 0443
Pershing LLC
Morgan Stanley Smith Barney 502-51000
DTC 0015 Penny Cavelli
657-2062
(800) 745-5455
(302) 657-2049 FAX
Morgan Stanley Smith Barney
DTC 0418Robert Fischer532-105276-084
(302) 636-7972
(877) 801-4593DELAWARE Account
Susan McDermott – DE account Greenville
(302) 994-9352 (fax)
RBC Wealth ManagementScott Feinman300-64-338
DTC 0235(800) 651-1388
(302) 993-8260
Donna Meriggi or
Debbie Rucker – main contact
(302) 993-8256
(302) 993-8310 FAX
Vanguardopened 8/3/12-will remain 88060190752
active 12-18 months if not used
(will then be closed)
Wells Fargo AdvisorsGary GittingsWD10-79672820
Lisa LittlesGreenville
(302) 428-8613
DTC 0141(302) 428-8612
(302) 428-8600
(302) 428-8627 (fax)
Wells Fargo AdvisorsRob Waddley (302) 731-2131
Joseph D. Coviello62429274
(800) 355-2130
DTC 0141(302) 731-7111 (FAX)
Wire Instructions
M&T Bank
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001 SWIFT for international wires: MANTUS33
Bank Routing Number: 031100092
for further credit to:
University of Delaware General Operating
Account Number: 1034-8250
Reference: please ask sender to provide their name/purpose
Bank Contact:
Erik L. Saville
(302) 636-5220 (302) 636-4149 (fax)
DATE: ______
M&T Securities
Ms. Kerry Kennedy
285 Delaware Avenue
Suite 2000
Buffalo, New York 14202
Dear Ms. Kennedy:
I wish to gift ______shares of ______stock to the University
of Delaware. Please deposit these shares to Account AZD949659. Thank you.
Sincerely,
REQUIRED - Medallion Guarantee