Sign the back of the certificate exactly the way the security is issued, or if you prefer, sign a separate stock/bond power, then have your broker or banker endorse your name(s) with a Medallion Guarantee stamp. A separate Stock/Bond Power is required for each certificate. The physical certificate and the stock/bond power, if any, should be delivered with a letter of direction designating the purpose of the gift to:
University of Miami Development Services
1525 Brescia Avenue
Coral Gables, FL 33146
We will acknowledge and value the gift at the average between the high and the low on the date of the gift.
- If you mail the certificate the date of the gift will be the postmarked date on the envelope.
- If you deliver the certificate by courier, UPS, or in person, the date of the gift will be when it arrives and is signed for at the University.
What if I elect to have the stock reissued in the University’s name to avoid the hassle of securing a Medallion Guarantee?
We strongly recommend against reissuing the stock in our name because it may take 4 to 6 weeks for the Transfer Agent to do so. Per IRS regulations, the gift date is the actual date on the certificate. If you want to gift the University a fraction of your physical certificate, just indicate the amount in your letter of direction, provide us with your social security number(s), and we’ll have the remaining shares reissued to you.
What if the stock is in my brokerage account?
Instruct your broker to electronically transfer the stock through the DTC to the University’s discount brokerage account.
We will acknowledge and value the gift at the average between the high and the low on the date of the gift, which will be the date received in the University’s brokerage account.
