There are several ways to transfer securities to Salisbury University Foundation, Inc.: Electronic Transfer, Mailing Certificates, or Hand Delivery. For information regarding the valuation of stocks and bonds or gift crediting, please contact Salisbury University Foundation Accounting Office at (410) 543-6392.
The most popular and most efficient way to transfer securities to SU Foundation is by electronic transfer. This is done through a free delivery which simply means that SU gets 100% of the value of the transfer versus the broker receiving a portion in commissions.
If your stock is held at a broker, notify the broker that you wish to make a gift of securities to Salisbury University Foundation. Your broker will need written authorization from you before they can make the transfer. Be sure to tell them the name of the stock that you want to transfer, the number of shares, and where you would like your gift to be designated when it reaches the SU Foundation account.
Once you have authorized the transfer, ask your broker to contact the Salisbury University Foundation Accounting Office at 410-543-6392. Our office will give your broker complete transfer instructions.
Even if you have donated securities in the past, be sure your broker contacts the Salisbury University Foundation Accounting Office BEFORE the transfer is made. The transfer instructions can change from year to year. A quick phone call from your broker to verify the current instructions will prevent any transfer problems.
Mailing Stock Certificates:
If your securities are not held at a broker (see Electronic Transfer if they are) then you can either mail or hand deliver the certificates directly to the Salisbury University Foundation Accounting Office.
If mailing, send your unendorsed certificate(s) and a cover letter (including your name, address, and purpose of the gift) in one envelope. In a second envelope, send a signed, signature guaranteed, stock power. We strongly recommend using registered mail to forward your certificates and stock power. A stock power form can be obtained at your local bank or by calling the Salisbury University Foundation Accounting Office at 410-543-6392.
Certificates may be given to a University Advancement staff person or delivered to the Salisbury University Foundation Accounting Office.
Please DO NOT mail endorsed certificates! Once the certificate is endorsed, it is legal tender and can be exchanged by anyone.
It is strongly recommended that certificates not be sent to a transfer agent for registering in the University’s name. This procedure is unnecessary and results in needless delays of the transfer.
Our mailing address is:
Salisbury University Foundation, Inc.
P.O. Box 2655
Salisbury, Maryland 21802
Tel (410) 543-6392
Fax (410) 677-5039