Gifting Securities Held by Your Broker
The University holds a limited number of accounts with various brokerage firms. If you wish to transfer securities electronically via the Depository Trust Company (DTC) system, please contact the Office of Gift Planning (contact information below) for electronic delivery instructions. It is important to also instruct your broker/agent to notify the University at least 24 hours prior to delivery. The University will need to know what asset(s) will be delivered on your behalf. Please return to:
Gifting Mutual Funds
Most mutual fund companies require a transfer from your account to an account established in Penn State’s name. Each mutual fund company has their own individual requirements and forms for transferring funds. Additionally, they generally require either a Transfer of Ownership form or a letter of authorization, each with a signature guarantee. You can obtain a signature guarantee at most banks simply by showing photo identification.
If you are considering a gift of mutual funds, please contact the Office of Gift Planning. We will need the name of the mutual fund that you will be transferring shares from, the symbol or cusip, the number of shares, and the expected dollar amount of the transfer. We can also provide you with detailed instructions and help you obtain the appropriate forms.
Gifting Physical Securities (Certificates) Registered in Your Name
If you hold stock certificates, please send them via first-class mail without an endorsement or assignment letter but with a letter stating the gift purpose to:
In a separate envelope, send one endorsed stock power form per certificate. The unendorsed stock certificates are not negotiable without signed stock power forms, and the latter are worthless without the certificates. Using separate envelopes protects you from security theft.
Endorse each stock power form by signing your name exactly as it appears on the front of the stock certificate(s). If the certificates are all in the same name, only one stock power form is needed. Do not complete any other portions of the stock power form.
Mail both the certificates and the stock power forms on the same day. The postmark will determine your date of gift for valuation.