How to Make a Stock Gift

An increasing number of donors give securities to charitable organizations because they enjoy the ease of giving and the significant tax savings these gifts sometimes create. If you are interested in making a gift of stock, you or your broker should contact Mary Dillon, Assistant to the VP for Business and Finance, at (804) 289-8150, fax (804) 287-6474, or email mdillon@richmond.edu. The contact in the Advancement Office is Connie Rigsby who can be reached at (804) 289-8891, fax (804) 287-1837 or email crigsby@richmond.edu. Please provide your name, telephone number, the name of the stock, number of shares, the approximate date you will make the gift, approximate value of the gift, and the designation for your gift (e.g. annual fund, a scholarship, etc.). If you are using a broker, please provide his or her name and telephone number.

If your shares are held in an account with your broker, provide him/her with DTC directions:
Please request that your broker transfer the shares electronically to the University's primary account at Wachovia Securities. The University has negotiated a discounted rate of commission with Wachovia Securities. The DTC directions are:

• DTC 0141
• First Clearing Corp (transfer agent)
• Account No: 79676500
• Wells Fargo
• Ref. University of Richmond
• Ref. Donor's Name & Designation
• Attn: Jane Jenkins, Broker
• Tel: (804) 782-3547 Fax: (804) 782-3520

If the University has an existing account with your broker, stock gifts may be gifted through that account. The University will appreciate if the broker discounts his/her rate of commission since this is a charitable gift. Your stock gift will be valued at the average (mean) price per share on the date the stock arrives in the University of Richmond's brokerage account. Advancement Services will send you a gift receipt as soon as possible. Please send a brief Letter of Intent to Hossein Sadid, VP for Business and Finance, or to your contact in Advancement. The letter should state the name of the stock, number of shares, date of the gift, designation, and broker name/s.

If you hold the certificate/s for your shares:
Please transfer the stock to the University of Richmond by endorsing the back of the certificate/s exactly as your name appears on the front and have your signature guaranteed by a local bank officer. A signature guarantee is not the same as a notarized signature. You will be asked to provide the University's taxpayer identification number (FEIN) which is 54-0505965.

1. If jointly owned, both owners must sign as their names appear on the front of the certificate/s and both signatures must be guaranteed by an officer at your bank.

OR

2. You may sign a stock power exactly as your name/s appear/s on the stock certificate/s. A stock power may be obtained by calling Mary Dillon at (804) 289-8150 or you may print a blank stock power from this site. One stock power may be used for multiple certificates of the same stock, but a separate stock power must be completed for stock certificates of different companies.

STOCK POWER

3. A letter of intent in which you state the name of the stock, the number of shares and the designation for the gift should accompany the certificate. Due to its negotiable nature, certificates should be delivered by hand or sent certified, registered mail to: 

Hossein Sadid
Vice President for Business & Finance
201 Maryland Hall
University of Richmond, VA 23173

The stock gift will be valued at the average price per share on the date the certificate arrives at the University. Advancement Services will send you a gift receipt as soon as possible. If you have questions, contact Mary Dillon (804) 289-8150 or notify her by email.

Note: If you plan to make a stock gift in December, please try to do so before December 18. (The University is technically closed between Christmas and New Year's; however, we will have a few people taking calls and checking voice mail messages.) Planning ahead, however, will prevent disappointment if the stock cannot be transferred to UR successfully before year end.

If you plan to transfer mutual fund shares, please keep in mind that this process sometimes takes three to four weeks.