If the stock is registered in the donor’s name, then the donor should mail or deliver in person the unsigned certificates along with a cover letter stating his/her intention to make a gift of the securities to Randolph-Macon College. The letter of intent should state that the gift is for Randolph-Macon College, the date of the gift, the name of the stock, the number of shares, the designation of the proceeds, and include an original donor’s signature. As a precaution, we recommend that the donor send the stock certificates by certified mail.
The donor should also complete and send to the College Advancement Office sufficient signed Stock Powers (PDF) to cover the number of certificates being donated. All signatures on the stock powers must have a signature guarantee from a bank or stockbroker. Additionally, the donor should sign the stock powers exactly as the name is shown on the stock certificates.
If the stock to be donated is held by the donor’s broker in what is known as “street name,” we prefer that the donor instruct his/her broker to electronically transfer the shares to Randolph-Macon College’s brokerage account:
Charles Schwab
Transfers Dept. 602-355-9003
DTC #0164, code 40
FBO Randolph-Macon College
Reference Account #9082-3154
RMC Tax ID#: 54-0505940
