Instructions for Transferring Stock
If Securities are held in brokerage account in Donor's name or in street name, please notify your broker, in writing, of your intention to make an immediate charitable gift of shares of stock to Vermont Academy, Saxtons River, Vermont.
Instruct your broker to either:
1) Transfer the securities electronically, to Vermont Academy's account c/o RBC Correspondent Services, DTC # 0235, Account 7T709201, FBO Vermont Academy.
IMPORTANT: Please call our broker, Mark Candon at Moors & Cabot (800-618-7331), or Liz Olmsted, Associate Director of Advancement Operations and Stewardship, (802-869-6260, firstname.lastname@example.org), to inform us of your gift. We are unable to trace counterparty deliveries.
2) Open a temporary account in the name of Vermont Academy, transfer the shares from the Donor's personal account into this account, and send appropriate acknowledgment to the Donor(s) and Vermont Academy. We can elect to sell or take transfer of these shares.
NOTE REGARDING DATE OF GIFT: the date that the securities are transferred by the broker, electronically into Vermont Academy's account, or into a temporary account for Vermont Academy.
If securities are in physical form, held by and registered in the name of the Donor(s), the Donor(s) should hand deliver or mail (registered mail, return receipt requested) to Vermont Academy at the address listed below in two separate envelopes:
1) Stock certificate(s), accompanied by a letter indicating your intention to donate the shares of stock. 2) Blank stock power(s) -- signed on signature line only -- with signature guarantee for each company.
NOTE REGARDING DATE OF GIFT: The postmark on the envelope in which the stock power(s) was mailed to Vermont Academy, or the date of hand delivery to Vermont Academy.
Vermont Academy's Tax ID number is 03-0179600.
Our address: Vermont Academy
PO Box 500
Saxtons River, VT 05154-0500