Ways to Give to Nevada - Stock or Securities
Stock or Securities Donations
There are several ways to transfer securities to the University of Nevada, Reno: Electronic Transfer, Mailing Certificates, or Hand Delivery. For information regarding the valuation of stocks and bonds or gift crediting, please contact the office of Financial Services and Records at (775) 784-1587.
Electronic Transfer
The most popular and most efficient way to transfer securities to the University of Nevada is by electronic transfer. This is done through a free delivery which is simply means that the university gets 100% of the value of the transfer versus the broker receiving a portion in commissions.
If your stock is held at a broker, notify the broker that you wish to make a gift of securities to the University of Nevada. Your broker will need written authorization from you before they can make the transfer. Be sure to tell them the name of the stock that you want to transfer, the number of shares, and where you would like your gift to be designated when it reaches the university.
Once you have authorized the transfer, ask you broker to contact the office of Financial Services and Records at (775) 784-1587. Our office will give your broker complete transfer instructions.
Note:
Even if you have donated securities in the past, be sure your broker contacts office of Financial Services and Records BEFORE the transfer is made. The transfer instructions can change from year to year. A quick phone call from your broker to verify the current instructions will prevent any transfer problems.
Mailing Stock Certificates
If your securities are not held at a broker (see Electronic Transfer if they are) then you can either mail or hand deliver the certificates directly to the office of Financial Services and Records office.
If mailing, send your unendorsed certificate(s) and a cover letter (including your name, address, and purpose of the gift) in one envelope. In a second envelope, send a signed, signature guaranteed, stock power. We strongly recommend using registered mail to forward your certificates and stock power. A stock power form can be obtained at your local bank or by calling the office of Financial Services and Records at (775) 784-1587.
Value of a Stock Gift
The value of a stock gift is determined at the date the stock is transferred into the university's Foundation account. The value is the average of the high and the low of the stock on the date of transfer into the account. When a certificate is mailed, it is the date of receipt by the Foundation that is used to assess value.
As with all major gifts, it is advisable to consult your tax consultant or advisor regarding the tax advantages of such gifts.
Stock gifts are subject to acceptance by our foundation governing board.
Hand Delivery:
Certificates may be given to a University Development Officer or delivered to the office of Financial Services and Records.
NOTE:
Please DO NOT mail endorsed certificates! Once the certificate is endorsed, it is legal tender and can be exchanged by anyone. It is strongly recommended that certificates not be sent to a transfer agent for registering in the University’s name. This procedure is unnecessary and results in needless delays of the transfer.
Our contact information is:
University of Nevada, Reno Foundation
Mail Stop 162
Reno, NV 89557
(775) 784-1587
