Gifts of publicly traded stock or other securities are received electronically by the UT Foundation through our broker, Merrill Lynch. The donor’s broker initiates the transfer from the donor’s account to the UT Foundation Merrill Lynch account. Stocks are liquidated by Merrill Lynch, and gifts are credited to the donor’s account when the stock proceeds are received. A receipt will be issued by the UT Foundation Gift Records department when the gift is posted.
1. Please instruct the donor to provide the following information to the broker for gifts of securities to the UT Foundation:
2. Please obtain from the donor:
4. Important: The date of gift is the date the securities are received in UTFI’s account, not the date the securities leave the donor’s account. Stock transfers can take at least 24 hours and often as much as 72 hours to complete (in the case of transfers from Fidelity the time frame can extend up to ten days). Please ensure that the donor is aware of the time lag.
General requests and information
Chief Financial Officer
Director of Accounting
Senior Financial Specialist
Lee Ann Craig
Purchasing and Contracts Coordinator