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Securities

This guide provides essential information for donors wishing to transfer securities to Oakland University (OU). Donors should contact their broker for electronic transfers, which are quicker and safer. Alternatively, securities can be mailed as unendorsed certificates alongside a signed, signature-guaranteed stock power form. It's crucial to inform the University of the transfer details to ensure proper recording. Note that Comerica cannot disclose donor information, leading to anonymous gift processing if necessary. Follow these steps for a smooth transfer of securities.

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Securities

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  1. Securities • DO’s should • Have donors contact their broker to have securities transferred to OU • Electronically • Best alternative - quicker and safer • Contact DIS for detailed instructions • Mail • send unendorsed certificate(s) and a cover letter in one envelope • send, in a separate envelope, a signed, signature guaranteed, stock power form to the address below (registered mail is recommended). The only item that should be filled in on the stock power form is donor’s signature exactly as their name appears on the stock certificate. A stock power form can be obtained at a local bank.

  2. Securities • DO’s should • Inform DIS in writing (fax, memo, email): • the donor name • the name of the securities being transferred (if known) • the number of shares being transferred (if known) • the approximate value of the gift (if known) • where the gift is to be designated • the approximate day the shares will be transferred BECAUSE • Comerica does not know who transferred the securities to Oakland • Comerica is not allowed to share that info even if they did know • If we do not know who made the gift, the only way we can record the gift is to process it as an “anonymous” gift

  3. Securities • Determining values • Stocks • The average value between the high and low prices on the date it is transferred to the university multiplied by the number of shares given. • Can only be determined the next day • Mutual Funds • The closing price on the date it is transferred to the university multiplied by the number of shares given. • Broker Fees • Do not reduce the value of the donor’s gift • Do reduce the total amount transferred to the fund

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