Stocks
There are several ways to
transfer stock depending
upon how and where that
stock is held. Generally it
is best for you or your
broker to contact the
Development Office to
determine which method of
transfer best suits your
individual circumstances. If
you prefer, a representative
of the Development Office
will contact your broker
directly.
Stock
held in physical certificate
form.
If you have the actual stock
certificates in hand and
have certificates equal to
the number of shares you
wish to donate, there are
several options for
transferring the shares.
Please contact the
Development office to
determine the most efficient
and secure manner in which
to make a transfer using
certificates.
Stock held in brokerage
account.
Rose-Hulman
maintains gifting accounts
with a few of the major
brokerage firms. In those
cases, stock can be
transferred within the same
firm. If Rose-Hulman does
not have an account with a
particular firm, the
Development Office will
provide wire transfer
instructions to one of the
Institute’s accounts.
Stock held by bank.
There are many variables
when a bank holds securities
depending upon the bank’s
policies and the type of
account in which it holds
your securities. The
Development Office will work
with the bank representative
to find the transfer method
that provides the greatest
control to you for the date
of transfer. Your bank
representative should
contact the Development
Office, or the Development
Office will contact your
bank representative at your
request.
Stock held in account with
company’s agent.
You should contact the
company’s agent for
information on the
procedures for making a gift
transfer and to obtain any
necessary forms for
transfer. You also must
contact the Development
Office, since the agent will
require Rose-Hulman to
complete certain forms or
provide specific
information.
Mutual Funds
You should contact your
mutual fund company for
information on procedures
and for forms for
making a gift transfer. If
you hold mutual funds
through a brokerage account,
your broker can usually
determine these procedures.
You or your broker must
contact the Development
Office, since the mutual
fund will require
Rose-Hulman to complete a
portion of the transfer
form. Mutual funds take
longer than stocks to
transfer as a gift, though
there are some exceptions.
If you are concerned about
making the transfer at a
particular time (e.g., by
the end of the calendar
year), do not wait until the
last minute to determine the
procedures for your
particular mutual fund.
Mutual funds are valued at
the net closing value on the
date the shares are
transferred to Rose-Hulman’s
ownership.
Bonds
Registered bonds
are represented by
certificates issued in the
name of the owner. The
procedures for transferring
registered bonds are
identical to those for
transferring stock.
Bearer bonds
are those which have coupons
attached. These bonds are
payable to the person having
possession of them. If you
wish to give bearer bonds to
Rose-Hulman, you should
deliver the bond
certificates to the
Development Office. It is
not necessary to endorse the
bond certificates.
Gifts of bonds are valued at
the average of the high and
low market prices plus
accrued interest, if any, on
the date of the gift.
