Stock and Bond Transfers
Making a gift of securitiesA gift of securities is an easy way to support NLU—and it can result in special tax savings for you. These gifts are deductible at market value if you have held them for more than one year and capital gains taxes are avoided through such a gift. We’ve included basic information about making these kinds of gifts. Please contact the Office of Institutional Advancement if you have additional questions. Types of TransfersDTC Transfer of stockThis electronic transfer of shares is a very secure and very simple to initiate. Please tell your broker or the transfer agent to transfer the shares via DTC# 0164 –Code 40, this is a Schwab account for NLU and the account number is 65958939. If you need to contact Schwab, you should call 1-800-435-4000. Please tell the broker to include your name as a reference for the transfer. In an effort to credit these gifts as quickly and accurately as possible, it is very helpful if you also contact Bruce Hill, Director of Major and Planned Giving at 1-312-261-3958 or bruce.hill@nl.edu and make him aware of this transfer. This allows us to contact the broker and make sure the gift is credited the day it reaches our account. Mutual Fund TransferPlease contact the Office of Institutional Advancement at 1-312-261-3958. Instructions for this type of transfer depend a great deal on your mutual fund manager. We will be happy to work with you to make this transfer as easy as possible. Physical Delivery of the CertificatesStocks and Bonds may be mailed to National-Louis University, Office of Institutional Advancement, 122 S Michigan Avenue, Chicago, Illinois 60603 by certified mail with return receipt requested based on one of the following criteria: If the donor is the registered owner of the certificate, a Stock and Bond Power signed by the owner, exactly as the name appears on the certificate, with a Medallion signature (which can be obtained through a bank or broker) must be provided. To ensure the security of this gift you should mail the certificate and the Stock and Bond Power separately. If the stock or bond has already been registered to NLU, no Stock and Bond Power is necessary. However, for the University to properly credit this gift, a letter indentifying the donor is required. In an instance where a stock or bond is to be registered to National-Louis University before you mail it to us, you must supply the transfer agent with the mailing address and identification number. National-Louis University Gift Valuation InformationPhysical DeliveryWhen mailing certificates to the University, the official date of the gift is determined by the postmark on the envelope used to mail the securities. For hand delivery, the valuation date is the date the securities are turned over to the University. Electronic TransfersThe date of the gift on DTC transfers is the date the securities are deposited into the NLU account at Charles Schwab. Mutual Fund TransfersMuch like above, the date of the gift is when the mutual funds are deposited into the Charles Schwab account or into a mutual fund account in NLUs name. Valuation MethodThe value of a stock gift is determined by averaging the high and low quoted selling prices for the stock on the day it is officially received by the University. The value of a bond gift is determined by averaging the bid and ask price for the bond on the date of delivery. Mutual fund transfers are based on the Net Asset Value (NAV) for the fund on the day it is delivered to National-Louis University. |