How to Give

1. Instructions for DTC Transfer of Stock to Spring Arbor University

DTC #0226 Spring Arbor University National Financial Services Account No. WVR030592
Donor Name & Address:_______________________

It is very important to SAU that we appropriately acknowledge the generosity of our benefactors in a timely and accurate manner. It is often difficult to identify the donor after a gift of securities is processed, particularly in the case of an electronic transfer. Therefore, please ask your broker to include your name and address in the DTC transfer instructions.

If your broker requires further information, have him or her contact:

Danielle Peters
Meridian Wealth Management
517.789.0150
[email protected]

2. Mutual Fund Transfer

Mutual fund units cannot be electronically transferred via DTC.

The method used to transfer mutual funds to SAU varies, depending on how the fund units are held:

• Mutual funds held in a National Financial Services account can be transferred directly to SAU’s National Financial Services account by journal entry.
• If your mutual fund is held with a brokerage firm other than National Financial Services, your broker should contact our National Financial Services representative to arrange for the transfer (see contact information above).
• If your mutual fund is held in an account with the fund company, it may be possible to transfer it into an account in SAU’s name with the fund company. Please contact the coordinator of stewardship services to determine if an SAU account exists:

Lynne Markiewicz
Office: 517.750.6403
Fax: 517.750.3837
Email: [email protected]

3. Physical Delivery

Stocks and bonds may be sent to SAU’s Office of University Advancement by certified U.S. mail with return receipt requested.

• If the donor is the registered owner of the certificate, a Stock and Bond Power signed by the owner, exactly as the name appears on the certificate must be provided, along with the Letter of Authorization Third Party Release. To ensure your security, please mail the certificate and forms separately.
• If the stock or bond has already been registered to SAU, the Stock and Bond Power and Letter of Authorization are not necessary. However, in order for the university to properly credit the gift, a letter identifying the donor is essential.
• In instances where a stock or bond is to be registered to SAU before it is mailed to us, you will be required to supply the transfer agent with a mailing address and taxpayer identification number:

Spring Arbor University Office of University Advancement
106 E. Main St.
Spring Arbor, MI 49283
ID# 38-1359569

1. Physical Securities

The gift valuation date for physical securities is determined by the postmark on the envelope if mailed through USPS. If a private mail service is used, the gift valuation date is the date the envelope is received. For hand delivery of securities, the gift valuation date is the date the securities are turned over to an SAU representative.

2. Electronic Transfers

The gift valuation date for securities sent to us via DTC is the date the securities are deposited into our National Financial Services account.

3. Mutual Fund Transfer

The gift valuation date for mutual fund units is the date they are deposited into our National Financial Services account or into a mutual fund account in SAU’s name.

The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund gift is calculated using the Net Asset Value (NAV) for the fund as of the gift valuation date.

As soon as a securities gift is received and matched to a donor, the coordinator of stewardship services provides an IRS form 8283 stating the nature of the gift, the gift valuation date, and the gift valuation amount. A more personal acknowledgement will also be sent from the Office of University Advancement.