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Transferring Stock Gifts to KSPS

 

For electronic transfers:

  • Contact your broker or banker (they may require your request in writing)
  • They will need your name and address, phone number and your account number.
  • State your intent to donate the stock to Friends of KSPS along with the name and number of securities to be transferred.
  • Give them the name of the firm that holds the account for Friends of KSPS, the account number and the DTC number
  • Let us know of your intent by email, phone, fax or letter so we can alert the broker and be of assistance if needed.

Friends of KSPS Brokerage Account

Company:

D.A. Davidson

Broker:

Grant Marks

Address:

2204 E 29th

Spokane, WA 99203

Phone Number:

509.532.9668

Account Number:

3333 9742

DTC Number

3061
If the stock/bond certificate is in your possession:
  • Send in separate envelopes by certified mail to Friends of KSPS, Attention Major Gifts, 3911 S Regal, Spokane, WA 99223
    • the unsigned stock certificate(s)
    • the signed stock power(s) along with a letter of intent in which you state your name and address, describe the certificates (company, number of shares and certificate numbers), and specify that you wish to donate them to Friends of KSPS.

Download/print a Stock Power Form

Make sure the certificates and the signed stock power do not travel together. Together they are negotiable. The signature on the stock power must correspond exactly to the name that appears on the stock certificate. For additional security, take the stock power to the broker or banker and ask him or her to guarantee the signature by signing and stamping the stock power.

Additional Notes:

  • The date of the gift is determined by the postmark on the envelope when certificates and stock powers are sent through the mail (last envelope received of the two) OR if electronically transferred, the day it was received into the Friends of KSPS brokerage account.
  • Stock gifts are valued based on the average of the high and low value of the stock on the date of the gift.
  • Friends of KSPS standard practice is to sell the stock as soon as it enters the account to prevent possible loss in value.

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for KSPS and is owned by Future Focus. Please report any problems to section webmaster.