Transferring Securities

The transfer of a gift of securities to Ohio Northern University can be accomplished several different ways. The following outlines the two most common methods; mailing a stock certificate and transferring stock through your broker.

• Broker Transfer (Preferred Method)

  We have an account with a major brokerage firm and would be happy to work with your personal broker.

  • Notify your broker of your intentions and ask him\her to call us to work out the transfer details.
• Mailing a Certificate
  • A certificate may be mailed directly to Ohio Northern.
    
  • Mail the certificate in one envelope, make sure to leave the back of certificate blank.
    
  • In a separate envelope, mail a signed stock power (sign exactly as name appears on certificate). Please leave the remainder of the stock power blank.
    
  • Please send each by certified mail.

Valuation and Acknowledgement of Your Gift

We use the mean of the high and low of a security on the date of transfer to determine the value of your gift in accordance with Internal Revenue Service regulations. You will receive an acknowledgment letter from ONU to use for tax purposes. The letter will state the valuation of the gift and confirm into which fund or funds your gift has been placed.

The Information We Need

We want to be sure that your gift is recorded correctly. It is very helpful for us to receive a note from you confirming your gift, your current address, and the purpose of the gift.