Securities

Giving appreciated stocks and mutual funds—owned for more than one year—immediately adds a tax advantage over making the same gift in cash.

To Make a Gift of Securities

To notify Notre Dame of a gift of securities, please contact Lisa Kresnak with complete donor information (name, address, phone number), the name and type of securities to be gifted (public, private, restricted, mutual fund, etc.), the number of shares, and the date you intend to make the gift.

Lisa Kresnak
Manager, Brokerage Services & Cash Receipts Accounting
808 Grace Hall
Notre Dame, IN 46556
e: ekresnak@nd.edu
p: (574) 631-9947
f: (574)631-8549

Types of Transfers

1) DTC Transfer of Stock

To transfer securities to the University of Notre Dame via DTC, please use the following instructions:

DTC #0164, Code 40
University of Notre Dame Charles Schwab Account No. 8992-3609
Donor Name & Address:_______________________

In order to promptly and accurately credit a security gift to the appropriate donor, it is essential that the transfer instructions include the donor’s name and address. Without this information, we are occasionally unable to identify the donors of certain securities.

In order to determine if a security gift is to be an unrestricted gift or to be applied to a specific use or purpose, please contact Gift Management in our Development Office at 574-631-5150 or email at givegift@nd.edu.

If your broker requires further information, he or she should contact the Office of the Controller or:

Charles Schwab & Co., Inc.
137 North Meridian Street
Indianapolis IN 46204
(800) 217-2421 or (317) 634-2484

Notre Dame Controller Office contacts is:

Lisa Kresnak
Senior Staff Accountant, Accounting and Financial Services
808 Grace Hall
Notre Dame, IN 46556
e: ekresnak@nd.edu
p: 574-631-9947
f: 574-631-8549

It is very important to us that we appropriately acknowledge the generosity of our benefactors in a timely and accurate manner. It can be difficult to identify the donor after a gift of securities is processed, particularly in the case of an electronic transfer. Therefore, please ask your broker to include your name and address in the DTC transfer instructions, and also please inform our director of donor services or senior accountant of your gift by email, phone, or letter (see contact information above).

2) Mutual Fund Transfer

Mutual fund units cannot be electronically transferred via DTC.

The method used to transfer mutual funds to Notre Dame varies, depending on how the fund units are held:

Mutual funds held in a Charles Schwab account can be transferred directly to the University’s Charles Schwab account by journal entry.
If your mutual fund is held with a brokerage firm other than Charles Schwab, your broker should contact our Charles Schwab representative to arrange for the transfer (see contact information above).
If your mutual fund is held in an account with the fund company, it may be possible to transfer it into an account in the University’s name with the fund company. Please contact the Office of the Controller to determine if a Notre Dame account exists:

Lisa Kresnak
Senior Staff Accountant , Accounting and Financial Services
808 Grace Hall
Notre Dame, IN 46556
e: ekresnak@nd.edu
p: 574-631-9947
f: 574-631-8549

3) Physical Delivery

Stocks and bonds may be sent to Notre Dame’s Office of the Controller by certified U.S. mail with return receipt requested.

If the donor is the registered owner of the certificate, a Schwab Third-Party Release form and a Schwab Irrevocable Stock and Bond Power form, signed by each owner, exactly as the name(s) appears on the certificate, with a Notary seal must be provided. A Notary seal can likely be obtained through a bank or broker. To ensure your security, please mail the certificate separate from the Third-Party Release and Irrevocable Stock and Bond Power.
If the stock or bond has already been registered to the University Notre Dame, no Third-Party Release form or Irrevocable Stock and Bond Power is necessary. However, in order for the University to properly credit the gift, a letter identifying the donor is essential.
In instances where a stock or bond is to be registered to Notre Dame before it is mailed to us, you will be required to supply the transfer agent with the following mailing address and taxpayer identification number:

University of Notre Dame
Controller’s Office
808 Grace Hall
Notre Dame, IN 46556
Tax ID: 35-0868188

Gift Valuation Date

1) Physical Securities

The gift valuation date for physical securities is determined by the postmark on the envelope used to mail the securities. For hand-delivery of securities, the gift valuation date is the date the securities are turned over to University representatives.

2) Electronic Transfers

The gift valuation date for securities sent to us via DTC is the date the securities are deposited into our Charles Schwab account.

3) Mutual Fund Transfer

The gift valuation date for mutual fund units is the date they are deposited into our Charles Schwab account or into a mutual fund account in the University’s name.

Valuation Method

The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund gift is calculated using the Net Asset Value (NAV) for the fund as of the gift valuation date.

Acknowledgment of Gift

As soon as a securities gift is received and matched to a donor, the Office of the Controller sends an acknowledgment letter stating the nature of the gift, the gift valuation date, and the gift valuation amount. A more personal acknowledgment will also be sent from the Office of University Relations, stating that no goods or services were exchanged for the security gift.

Please note: The University of Notre Dame is an educational institution and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. We strongly encourage donors to seek counsel from their own legal and financial advisors. Please be aware that any information or documents shared by our staff cannot be used to avoid tax-related penalties.