Electronic transfer: For securities held in an account managed by an outside company, it is the donor’s responsibility to ensure that his/her broker completes the gift transfer. The gift date is the date that the securities reach Friends of Karen’s account.

The value of a gift of stock is determined by taking the mean average of the highest selling price of the security and the lowest selling price of the security (multiplied by the number of shares) on the date the securities reach the account.

Gift Value vs. Proceeds: The value of a donor’s gift typically differs from the value of the proceeds following the sale of the security. The donor is given full gift credit as described above.

Notification of Donor Intent:  Regardless of the method chosen to deliver a gift of stock, the donor or the transferring broker should complete a securities contribution instructions form for audit and acknowledgement purposes.

Download: Irrevocable Stock and Bond Power Form [PDF]

Download: Instructions for gifting securities [PDF]