Advancement Services

Stock Transfer Instructions

Securities Held at Donor's Brokerage ("Wire Transfer")

The simplest way to make a gift of publicly traded stocks, bonds, or mutual funds is to use your own broker, who may hold your securities in certificate or "book entry" form. Simply instruct your broker to transfer your securities into the following Tennessee Technological University Foundation account:

Wells Fargo Advisors
Account: 83014496
DTC: 0141
Tina Dedman
Senior Registered Client Associate
150 3rd Ave South, Ste 2100
Nashville, TN 37201

Phone: 800-289-4009

Your broker may require you to authorize the transaction by completing a short form. Although transfer time varies from broker to broker, it should not take more than a few days to complete. We request that you inform us of a pending stock transfer so that we may facilitate the process.

Stock Certificates Held by Donor

you have stock or other securities for which you have certificates, and you wish to donate these to Tennessee Technological University Foundation, please contact our office. We have two forms that we will provide you and ask you to complete: a letter of authorization and a stock/bond power.

Preferably, you should not assign the stock to Tennessee Tech by signing the back of the certificate. Instead, please sign the stock/bond power and have your signature medallion guaranteed by a bank or other financial institution. Also sign and have notarized the letter of authorization.

To mail: Mail the signed/notarized letter of authorization together with the stock certificate to us. In a separate envelope, mail us the signed stock power. Preferably, both of these mailings should be certified and sent to the address below.

Planning Tips

Any tax implications relative to a stock gift must be determined in consultation with your financial advisor. The value of your gift for donor recognition purposes is not dependent upon Tennessee Tech's sale of the stock. The amount of gift credit we give you is equal to the average of the high and low values of the stock on the date of the gift. The date of the gift will vary depending upon which transfer method you use. If you make your gift by wire, then the gift date is the date the stock is transferred into Tennessee Tech's account. If you mail your gift, then the date of the gift is the date you place the stock certificate, stock/bond power, and letter of authorization in the mail. If you choose to have a stock certificate reissued in the TTU Foundation/university name, the date of the gift is the date on the certificate.

We request that you inform John W. Smith at (931) 372-6831 or of a pending stock transfer so that we may facilitate the process.