Procedures for Donation of Securities to Amherst College
A. Securities in the Hands of a Broker
Rose LeVay in the Office of the Chief Financial Officer at Amherst College should be notified of what security is being donated, the number of shares, and the designation of the gift, in addition to the broker's name and phone number. The broker should be contacted by the donor to instruct him/her to transfer the gift to Amherst College. You may call Rose at 413-542-2325, or send her an email at email@example.com, or contact her via the fax number of 413-542-2223.
If the security is held in a Merrill Lynch or Morgan Stanley Smith Barney account, the stock can be transferred directly to Amherst College's Merrill Lynch or Morgan Stanley Smith Barney accounts:
Merrill Lynch: Account # 818-04242
Morgan Stanley Smith Barney: Account # 357-901953-208
All other securities can be transferred through the Depository Trust Company (DTC):
National Financial Services
DTC # 226
Account # ABE-073660
Amherst College Gift Account
Reference: Gift from (donor’s name)
New York, NY
Attention: Dan Connolly
Phone: (617) 537-3698
It is imperative that you notify Amherst about your gift PRIOR to transferring the shares. Contact Rose LeVay in the Office of the Chief Financial Officer (by email at: firstname.lastname@example.org, by phone: 413-542-2325, or by fax: 413-542-2223).
B. Securities (Certificate) Physically in the Hands of the Donor
Mail the certificate with a letter stating specifically what is being donated and the designation of the gift to Amherst College. In a separate envelope mail an endorsed stock power with a copy of the letter. Both should be mailed to:
Attention: Rose LeVay
Office of the Chief Financial Officer
155 South Pleasant Street
Amherst, MA 01002
If the certificate is for more shares than the donor wishes to gift, the stock power should transfer the total number of shares represented by the certificate. In the letter, the donor should specify how many shares go to the College and how many shares should be returned to the donor. The donor must include his/her social security number so a certificate may be reissued in his/her name.
To donate mutual fund shares, or for any questions about how to handle a security transaction, please contact Rose LeVay in the Office of the Chief Financial Officer at (413) 542-2325 / email@example.com.
To transfer securities for life income gifts, please contact Janet Howard in the development office at (413) 542-2721 firstname.lastname@example.org.