For each gift of securities that you plan to transfer to Oakland, please forward a cover letter to the address below with your name, address and purpose for which the gift is being made. Please discuss the gift in advance with a development officer of the university by calling (248) 364-6100.
Once these steps have been completed, we ask that you notify your broker of your interest in making this type of gift. Ask that your broker contact Mary Alore, director of Advancement Services, at (248) 364-6120, prior to taking any action, for instructions on transferring your stock gift electronically. If the securities are not located with a broker, then either of the following procedures is recommended:
| a) |
Mail the unendorsed certificate(s) and a cover letter in one envelope and send, in a separate envelope, a signed, signature guaranteed, stock power form to the address below (registered mail is recommended). The only item that should be filled in on the stock power form is your signature - please sign it exactly as your name appears on the stock certificate. You can obtain a stock power form at your local bank. Mail these to:
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Oakland University
Advancement Services
Attn: Gift Accounting
John Dodge House
Rochester, Michigan 48309
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| b) |
Certificate(s) may be given to a university development officer or delivered to Oakland's Office of Advancement Services. |
Note: Certificates do not need to be sent to a transfer agent for registering in the university's name. This procedure is unnecessary and results in needless delay of the transfer.
Oakland University will establish the value for your stock gift by using the average value between the high and low prices on the date it is transferred to the university. The transfer date is the date on which the donor irrevocably parts with the securities. This is usually either the date of electronic transfer or the postmark.
Thank you for your support and belief in Oakland University!