Stock Transfers

Making a gift of stock doesn’t have to be complicated.

A stock gift helps Monmouth students in more than one way! A stock gift helps Monmouth students in more than one way!

Donating securities to Monmouth is a terrific way to support our mission. One benefit of donating appreciated securities, such as stock, is that the tax savings enable you to make a gift at less cost than if you were to donate the equivalent amount in cash outright.

How it works

Donating securities is typically done electronically through your broker. Most brokerage firms will require a letter of intent from you to request the transfer. Letting us know of your intent to donate in advance will ensure that our team is aware of your gift and is actively looking for it.

Benefits of donating stock

You will receive an income tax deduction for the fair-market value of the securities on the date of transfer, no matter what you originally paid for them. You pay no capital gains tax on the securities you donate, providing the securities you use to make your gift have been held by you for more than one year. This double benefit means that you can leverage a larger donation by using appreciated securities rather than cash to make your gift.

Instructions for transfer of securities

Listed below are instructions for making an electronic gift transfer of appreciated securities to Monmouth College.

If you have questions about making a gift of securities and/or you wish to discuss your gift, please contact Hannah Maher, Vice President for Development and College Relations, at 309-457-2286.

Step 1:

Please notify Monmouth College that you are making a gift transfer of securities (1) include the name of the security and number of shares/units, (2) provide the name of the donor and the purpose/designation of the gift. Notification can occur by one of the following methods:

  • Calling Hannah Maher, Monmouth College Vice President for Development & College Relations: 309-457-2286
  • Sending an e-mail message to: hmaher@monmouthcollege.edu
  • Sending a letter or note to:
    Office of Development
    Monmouth College
    700 E. Broadway
    Monmouth, IL 61462-1998

Step 2:

Wire Securities to: JP Morgan Chase Bank, N.Y.
Bank Address: One Chase Manhattan Plaza, New York, N.Y. 10005
ABA Routing #: 021000021
For Credit to: National Financial Services LLC
Account Number: 066196-221
For the Benefit of: Monmouth College
For Final Credit to: DTC #0226 F/B/O NFS A/C #MBK-000380
Contact Name: Melony Sacopulos

Same-day transfers to National Financial Services LLC, For the Benefit Of (FBO) must include the customer brokerage account number and name. National Financial Services usually returns unidentified funds within 24 hours of receipt. 

If writing a check, please make the check payable to National Financial Services with Monmouth College on the memo line.

Monmouth College’s Federal Tax ID Number is 37-0661228

If you have questions about making a gift of securities and/or you wish to discuss your gift, please contact Hannah Maher at hmaher@monmouthcollege.edu.