How to Transfer Stock to UD

Many people find it attractive to support the University through a gift of stock. If you transfer stock that has been held long-term and which has appreciated in value, the University can sell the stock and you will avoid tax on the gain.

If your stock has been held long-term but it has decreased in value, it may be more advantageous for you to sell the stock and give cash to the University.

Stock gifts can be made in several different ways. Due to the Securities Exchange Commission regulation requirement for signature(s) to be Medallion Guaranteed by an authorized officer of a participating brokerage firm or bank that is registered by the SEC, it is suggested that potential donors deliver stocks they may want to donate or sell on short notice to a broker so that stock can be readily moved into street name.

The following methods for transferring stock to the University, in order of preference, are:

1. Stock may be transferred directly to the University's brokerage account via Depository Trust Company (DTC). The University's DTC transfer number is 2215. Instructions should be given to place the stock in the University of Delaware's Gift Account, Number 6727-3, at Wilmington Trust Company.

2. If stock is held in a street account, you may instruct your broker in writing to place the shares into an account in the name of the University of Delaware. The broker should be instructed to contact the administrative coordinator named below for instructions. A copy of your note to the broker should also be sent to the University Office of the Treasurer (and should include reference to desired use of proceeds, if any.)

3. If the stock certificate is held in the name of the donor, the back of the certificate can be endorsed and dated, but NOT assigned to the University. The signature must be Medallion Guaranteed by an authorized officer of a participating brokerage firm or a bank that is registered by the SEC.

If stock certificate is held in the name of the donor and not endorsed on the back of the certificate, then the donor must execute a stock power and have his or her signature medallion guaranteed on the stock power by an authorized officer of a brokerage firm or a bank that is registered by the SEC.

When using the stock power, fill in only the signature(s) and the date at the bottom. Please deliver or mail the certificate(s) and stock power by certified mail to:

Ms. Suzanne DeShong
Administrative Coordinator
Office of the Treasurer
112 Hullihen Hall
University of Delaware
Newark, DE 19716

If mailed, the certificates and the stock power should be sent separately for security. The date of the gift will be the day the certificate is delivered to the University or, if mailed by U.S. mail only, the postmark date.

4. While not the preferred method, if you feel more comfortable sending stock that is made out in the name of the University in the mail, no stock power is required.

5. If giving fractional shares, the University can assist you with your gift.

6. If giving Mutual Fund shares, you should work with your broker and the University to have shares reregistered in the University's name through the Mutual Funds.