Make a Gift of Stock
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.
For more information contact giftinfo @ uua.org.
This work is made possible by the generosity of individual donors and congregations. Please consider making a donation today.
Last updated on Thursday, September 8, 2011.