Making Gifts of Securities
Electronic Transfer
If the stock is held in “street name”, that is, you do not have the certificates, but they are held in the broker’s computer, the transfer of stock is done simply –electronically. By giving the donor our broker Merrill Lynch’s DTC number and Immaculata’s account number with Merrill Lynch, the process can take place without any new account being set up, etc. Please call, email or write the university of your intentions-name of stock, #of shares, and the purpose for the gift. By the time the stock arrives we can determine where it is to go.
Merrill Lynch DTC # is 5198
FAO (For the Account of ) Immaculata 870-04736
Physical Transfer of Certificates by Mail
If you plan to gift a certificate in your possession that is registered in your name, you must first assign the certificate on the line after the words, “I hereby sell, assign, and transfer unto.” Then endorse the certificate by signing your name exactly as it appears on the front of the certificate. If the certificate is registered in joint names both parties must sign. The endorsement line is usually the last line on the very bottom of the certificate. The certificate will then be registered in the name of the College and can safely be mailed. Mail the certificates by registered mail in one envelope and a letter explaining your actions to Dr. Thomas J. Ford, Ed.D., Vice President for Finance and Administration, Immaculata University, P.O. Box 631, Immaculata, PA 19345-0631. Instead of mailing the letter, it may be faxed to the College at 610-251-9358, attn, Dr.