Securities and Mutual Funds

Unless otherwise stipulated, all gifts of securities and mutual funds are sold, making them available for immediate use by the College. The charitable deduction is determined by the fair market value on the date of the transfer of the asset to Holy Cross.

Electronic Transfer of Stock

Please advise your broker to electronically transfer stock via DTC as follows:

DTC #0015
Contact: Joanne Ludwig (617) 946-5115 at Morgan Stanley
Account Number: 486-103808

Please notify Bob Grenon, Holy Cross Controller at (508) 793-2514 of your pending transaction.

Please advise him of:

  1. # of shares being transferred
  2. Name(s) of security(ies)
  3. Your Broker's name, brokerage firm, phone and fax numbers
  4. Broker's DTC#
  5. Your mailing address for acknowledgment

The gift value is based on the average of the market high and low for the date Holy Cross receives the gift (not the date you advise your broker to make the transfer). Please be sure to let your broker know when you want the transfer to take place so that it can be accomplished in your desired time frame, i.e. by December 31, to take advantage of year-end tax savings.

An acknowledgement will be sent to you describing your gift as well as the receipt date and value for your tax records.

The College policy is to sell all securities upon receipt. Questions should be addressed to Robert Grenon, Controller.

Transfer of Paper Certificates

Hand Delivery:
Please be advised that a signed stock certificate is considered cash. We do not recommend that you sign your stock certificate. Rather, if you will be handing your certificate to a representative from Holy Cross, please provide:

  1. Unsigned certificate
  2. Signed stock power (exactly as your name appears on the certificate)

The gift value is based on the average of the market high and low for the day we receive the gift.

An acknowledgement will be sent to you describing your gift as well as the receipt date and value for your tax records.

The College policy is to sell all securities upon receipt. Questions should be addressed to Robert Grenon, Controller.

By Mail:

Please be advised that a signed stock certificate is considered cash. We do not recommend that you sign your stock certificate. Rather, please send:

  • Unsigned certificate(s) in one envelope with a note letting us know the stock power will be arriving in another envelope.
  • Signed stock power (exactly as name appears on certificate) and a note that your unsigned certificate(s) is arriving under separate cover.

To:
Robert E. Grenon
Controller's Office
College of the Holy Cross
One College Street
Worcester, MA 01610
(508) 793-2514

The gift value is based on the average of the market high and low for the postmarked date on the envelope.

For more information on these types of gifts, contact Robert Grenon or Michelle Richard in the Controller's office at (508) 793-2514.