Please note: According to IRS guidelines, the date and value of your gift are determined by the date on which the Foundation takes control of the securities.
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Transfer securities to the Kennesaw State University Foundation
A. Publicly Traded Securities held in a brokerage account
Send your broker a letter of authorization, specifying the securities to be transferred and purpose of your gift, e.g., "for student scholarships." Send a copy of this letter to your contact person at the Foundation. (See blank Letter of Authorization to Broker available for your use.) If you have no contact person at the Foundation, please send the copy to the Kennesaw State University Foundation to the attention of Peggie Hoffman, Director of Asset Management. If possible, please have the securities transferred electronically, directly to the Foundation's account with UBS Financial Services, Inc., as listed below. This minimizes sales and administrative costs to the Foundation, so that more of your gift can be put to its intended use.
UBS Financial Services, Inc.
DTC number: 0221
Kennesaw State University Foundation’s account number is: AX35304 70
If your broker has questions or cannot transfer the stock electronically, call us and we will be happy to assist you in completing your gift.
B. Publicly Traded Stock Held in Certificate Form
If you wish to contribute all shares represented by a certificate registered in your name, simply mail the unsigned stock certificate to the Foundation by certified mail, along with a completed Letter of Instruction (See Letter of Instruction) identifying the securities you are contributing as well as the purpose of your gift, e.g., "for the Kennesaw Fund." If mailing the unsigned stock certificate, please also mail, in a separate envelope, a signed stock power form (See Irrevocable Stock or Bond Power). If you are delivering the certificate in person, we will have you execute the certificate once at the Foundation's office in order to complete the transfer.
If you plan to contribute only a portion of the shares represented by your stock certificate, you will need to have a new certificate issued in Kennesaw State University Foundation’s name by the transfer agent or the issuing corporation. Or, you can take the stock certificate to your broker with a signed Letter of Authorization specifying the number of shares to be transferred and the intended use at the Foundation, e.g., "for the Kennesaw Fund." Once the certificate has been executed, your broker can put the securities into your account and transfer the desired number of shares to Kennesaw State University Foundation. (See instructions for transferring "publicly traded stock held in a brokerage account," above.)
- Mutual Funds
To make a gift of mutual funds, your shares must be transferred to a "shell" (also called omnibus) account at your mutual fund company that has been established by Kennesaw State University Foundation’s broker, UBS Financial Services, Inc. Once these shares have been transferred, UBS Financial Services, Inc. is able to retrieve and hold them in the Foundation’s regular account there. In order to make this transfer, you must send your mutual fund company a letter of instruction which typically includes the following information:
- The name of your mutual fund and its cusip number
- The amount you would like transferred (in number of shares or dollar amount)
- Your account number
- UBS’s shell account number and fund code
- Your signature and social security number
Different mutual fund companies impose different requirements for making such transfers. Please contact Peggie Hoffman at 770-499-3334 to discuss the transfer of your mutual funds to Kennesaw State University Foundation.
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Kennesaw State University