Securities Transfers

Picture of a happy student outside.

Securities Transfers

Gifts of appreciated long-term securities, including stocks, bonds, and mutual fund shares, may generate very favorable tax benefits for the donor. At the time the gift is made, the donor may receive a tax deduction for the fair market value of such securities if owned for more than 12 months.

To make a gift of securities, call Kerry Stokes, securities administrator, at 781.283.3349, or email stockgifts@wellesley.edu. To assure a timely and accurate transfer, please provide the transfer instructions below to your broker.

 
 

Helpful Information about Securities Transfers

 

Giving Shares Held in an Account

Step 1: Send your broker or banker a letter of authorization stating your wish to transfer securities to Wellesley College. Specify your account number, the type and number of shares being transferred, whether your gift is unrestricted or for a specific purpose, and the date by which the gift should be transferred (two to three business days is normal).

Note: If you are making a life income gift, please contact the Office of Gift Planning directly at giftplanning@wellesley.edu as this transfer process differs.

In order to transfer securities, your broker will need the following information:

RBC Wealth Management
57 River Street, Suite 102
Wellesley, MA 02481
DTC #: 0235
Account Name: Wellesley College
Account #: 30086727
Contact: Patrick Kilcoyne, 781.263.1003
Tax ID #: 04-2103637

Step 2. Send a copy of the letter to the following address:

Kerry Stokes
Securities Administrator
Office of Development
Wellesley College
106 Central Street
Wellesley, MA 02481

 

The individual performing the transfer may also call her directly at 781.283.3349, or you may fax a copy of the letter to 781.283.3637.

Note: Wellesley's securities administrator must be notified of the transfer details by telephone or letter in order to properly credit your gift. Because DTC information often does not include the name of the owner of the assets, stocks sent without advance notice cannot be matched to the transfers and we must return them electronically with a request for the identity of the donor.

In accordance with IRS guidelines, the date of your gift will be the date that Wellesley assumes ownership of the shares. For crediting purposes, the value is determined as the average of the high and low listings on that date.

Giving Shares in Certificate Form

If the stock or bond is in certificate form, mail the unendorsed certificate(s) to the College with a letter that specifies Wellesley as the recipient and outlines the details of the contribution. The letter should be signed by the registered owner of the certificate.

Under a separate cover, send a copy of the letter and a signed stock power form (available at your local bank). Sign one stock power form for each security, making sure the signature corresponds exactly with the name as it appears on the stock certificate. Leave the other sections of the form blank. Mail the documents to:

Kerry Stokes
Securities Administrator

Office for Resources
Wellesley College
106 Central Street
Wellesley, MA 02481

Note: The date of the gift will be determined by the latter postmark of the two envelopes.

 
Over-delivery of Stock Shares

If you have a certificate for more shares than you wish to donate to Wellesley College, send it in the manner described above, with a stock power under separate cover, and include instructions on the number of shares you wish to donate. Wellesley College will return the remaining shares in the form of a newly registered certificate. To re-register, we will need the Social Security number of the person whose name is on the face of the original certificate. Please include this information in your letter of instruction. You will receive your newly re-registered certificate in approximately six weeks.

Giving Mutual Fund Shares

Specify to your fund's transfer agent that the shares should not be sold or redeemed from your personal account, but should be transferred in kind to an account set up in the name of Wellesley College. Many mutual funds require that letters be signature-guaranteed by a bank official. Our securities administrator can assist your transfer agent with the paperwork necessary for opening and/or liquidating such an account.

Giving Closely Held or Restricted Stock

The College may accept closely held and restricted stock under certain circumstances. For unlisted securities, the value of the gift must be determined through an independent appraisal provided by the donor. Our securities administrator can advise you on the best way to complete the acceptance and transfer of the gift.

Picture of students talking, walking. Quote by Alumnae Liz Miranda '02 "We belong, and we’re here to contribute in a real way."

Support the contributors of tomorrow with your gift today.

 

Massachusetts State Rep. Liz Miranda ’02 is a first-generation Cape Verdean-American representing 5th Suffolk District, comprising her lifelong hometown of Roxbury and neighboring Dorchester. As a community leader, Liz has been building coalitions to connect and improve Boston’s youth development sector and community arts scene for over a decade. The members of Wellesley's class of 2021 selected her to be their commencement speaker.