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Delivery Instructions for Gifting Securities

Interested in making a gift of securities to Bates?

Marketable securities held in a brokerage or trust account generally should be transferred to BatesCollege through the DTC process outlined below.  In some cases shares can be transferred “internally” to an existing Bates account at another office of the same brokerage firm.   If the securities are held in a discount brokerage account, or consist of mutual fund shares, please call Bates for additional instructions.  Valuation of the gift is calculated as the mean price of the securities as traded on the date they are deposited in a BatesCollege account.

If this is a life income or deferred gift, please contact Susan Dunning at 207 786-6246 for the correct transfer instructions. Otherwise, please follow the instructions outlined below.

For Depository Trust Company Eligible securities

1. Have your broker call or fax Bates College to notify us and begin the transfer process. The broker should provide Bates with the following information:

  • Name of brokerage firm or trust company
  • Name of broker, phone, and fax number
  • Number of shares and name of security
  • Intended date of transfer
  • Name of donor
  • Intended designation for the gift
Contact: Bates College
              Susan Michel/Advancement Services
              2 Andrews Road
              Lewiston, ME 04240
              207 786-6248
              Fax: 207 786-8242
              smichel@bates.edu

2. Unless otherwise instructed by Bates, process delivery through DTC to:

            Key Bank/Ed de Luccia, 66 South Pearl St. 4th Fl., PO Box 22042, Albany, NY12201
            DTC Participant #2205 (NDFS and SDFS)
            DTC Participant: Society National Bank
            Trust Account name: Bates College Gift Account       
            Federal ID #: 01-0211781
            Trust Account #: 10-10-116-0297282   
 

For Mutual Funds, or any securities held in a Discount Brokerage account

1. Call or fax Bates College to notify us and receive further instructions. Please provide us with the following information:

  • Name of brokerage firm or trust company
  • Name of broker, phone, and fax number
  • Number of shares and name of security
  • Intended transfer date
  • Name of donor
  • Intended designation for the gift
Contact: Bates College
              Susan Michel/Advancement Services
              2 Andrews Road
              Lewiston, ME 04240
              207 786-6248
              Fax: 207 786-8242
              smichel@bates.edu
 

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