Make a Gift of Stock
It is easy to contribute appreciated securities to the UUA. We appreciate your generosity and commitment to Unitarian Universalism and look forward to working with you to complete your gift plans. If you have any questions or concerns along the way, please email giftinfo@uua.org.
Giving Mutual Funds and Privately Held Stock
Mutual funds and privately held stock often requires a more complex process which can take longer – sometimes up to eight weeks. The UUA will be glad to handle as much of the processing as possible, and to coach you through the process. However, if the timing of your gift is critical (for tax purposes, for example) please talk to us. Regardless of timing, if you plan to make a gift of mutual funds or privately held stock, please contact us at 888-792-5885 or at giftinfo@uua.org before initiating the transfer.
Giving Publicly Traded Stock
Publicly traded stock (stock traded on the any of the major exchanges, such as the New York Stock Exchange, NASDAQ, etc.) can generally be transferred electronically within a few days.
Step One: Complete Gift Notification Form
Both the UUA and our stock transfer agent in Boston need advance
written notice of your plans to ensure that the transfer
goes smoothly and your gifted securities will be properly credited
upon receipt. Send a completed form to the UUA and we will forward
a copy to our transfer agent.
The Gift Notification Form serves as official record
of the purpose you have in mind for your gift as well as providing
the necessary information for us to monitor the progress of the
transfer. Please fill out the form as completely as possible and
send it to us before you initiate any transfer of securities.
Step Two: Arrange
For Gift Transfer
You may give securities in four ways. Following are instructions
for each option, corresponding with the list on the Gift Notification
Form.
Option 1 Re-register stock certificates
in the UUA’s name.
Option 2 Transfer securities electronically
through depository trust company (DTC).
Option 3 Transfer securities by mail.
Option 4 Your agent opens an account
for the UUA, transfers the gifted securities, sells them, and
sends the net proceed to the UUA by check.
The UUA has contracted with an agent to handle transfers at a
very favorable rate.
Whenever possible, we would prefer that electronic transfers
be arranged to go through the UUA’s agent rather than your
personal broker, whose fees may be much higher.
Option 1: Re-register stock certificates
in the UUA’s name and mail them to UUA.
Take your certificates to any broker and ask to have them re-registered
in the name of the Unitarian Universalist Association, 25 Beacon
Street, Boston, MA 02108. The tax I.D. number for the UUA is:
04-2103733.
When this is accomplished, simply mail the newly registered
certificates to the UUA Stewardship and Development Office. The date of
gift will be the date of the postmark.
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Option 2: Arrange an electronic
transfer of securities through a depository trust company (DTC).
1)Ask your transfer agent or brokerage firm if they
want written instructions from you authorizing a transfer of securities.
Some have a form you will need to complete and return to them;
some will be happy to get a letter from you; some will be content
to get verbal instructions. Your signature on written instructions
should be "gold medallion" certified.
The UUA has form letters for this purpose which we would be
happy to prepare for you to sign and send to your investment
agent; we can also fax transfer instructions directly to your
broker. Complete the Gift Notification Form and note
what help you need on the preparations for the transfer.
2) Whether you complete a form provided by the investment
company or sign a form letter created by the UUA, you will need
to authorize and initiate the transfer yourself. Please
send the UUA Stewardship and Development Office a copy of your authorization
of the transfer.
3) Instruct your transfer agent or investment
company to do the following:
Deliver the gifted stock (with free delivery) to:
RBC Dain Rauscher
Into Account #.: 1419-5059
Name of the Account:
The Unitarian Universalist Gift Account
Tax ID No.: 04-2103733
DTC#.: 0235 |
Receiving
agent is:
Heather Mell
Registered Client Associate
RBC Dain Rauscher
One Beacon Street - 24th Floor
Boston, MA 02108
Toll Free: 800-225-6713 ext. 2163
Direct: 617-725-2163
Fax: 617 725-1393 |
4) Timing. As soon as your securities reach the UUA’s
gift account at RBC Dain Rauscher, they will be sold. Please
note that, as December sees very heavy traffic, we strongly
advise you to begin a transfer early in the month in order
to complete it before the year ends.
5) Confirmation of completed transfer. A gift transferred
through a DTC is recognized on the date the gifted securities
"hit" the UUA’s account at RBC Dain Rauscher. Whenever
feasible, the UUA Stewardship and Development Office will call you to
confirm a completed gift as soon as we know about it. You
will also receive written acknowledgment of your contribution
well in time for your annual tax filing.
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Option 3: Transfer securities
by mail
1) In one envelope, send a completed Gift
Notification Form with the stock certificate(s) to the
UUA Stewardship and Development Office, Attn: Jamie Thompson. Please do
not sign the certificate(s).
2) In a separate envelope send a signed "stock
power" form, with your signature medallion certified, to Jamie Thompson. Please do not fill out the stock power form;
we will forward it to our agent for completion. You can print
out a stock power form here, or obtain one at any investment
firm.
Send one signed stock power for each kind of stock you are
contributing. For example, if you are contributing shares
of both IBM and Exxon, please send two stock powers. If, however,
you are sending more than one certificate of IBM stock, we
only need one stock power to complete your gift.
3) In general, the date of your gift, for tax
purposes, etc., will be the date of postmark on the envelopes
used to deliver your certificate and stock power to our office.
To this end, please send the two items on the same day, but
do not send the stock power in the same envelope with the
stock certificate.
4) The UUA Stewardship and Development Office will immediately forward these items to RBC Dain Rauscher, which will sell your securities and mail a check for the net proceeds to the Stewardship and Development Office, which will deposit the money in the appropriate UUA account or, for umbrella gifts, forward the proceeds to the intended beneficiary.
5) Whenever feasible, the UUA will call you to confirm
the completed gift as soon as we know the transfer is finished.
You will also receive written acknowledgment of your contribution
well in time for your annual tax filings.
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Option 4: Your agent opens
an account for the UUA, transfers the gifted securities, sells
them, and sends the net proceed to the UUA by check.
1) Send a completed Gift Notification Form to the UUA Stewardship and Development Office,
Attn: Jamie Thompson.
2) Instruct your agent to initiate a transfer to the
Unitarian Universalist Association.
3) Your agent will need to contact the UUA to get
permission to open a new account for the Association and request
the appropriate forms be completed and signed by the UUA Treasurer.
4) After the transfer is complete, your agent will
need to get permission from the UUA to sell the gifted securities.
The UUA Treasurer authorizes the sale, usually completing
a stock power and sending it to your agent.
5) Your agent sends the net proceeds
by check, payable to the Unitarian Universalist Association.
Please mail checks to: Jamie Thompson, Stewardship and Development Office, UUA, 25 Beacon
Street, Boston, MA 02108.
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