Procedure for the Donation of Securities to the Hancock County Community Foundation
Securities held by Broker
Any person wishing to donate securities held by a broker MUST notify the Community Foundation financial office of …
- the name of the security being donated;
- the number of shares;
- the broker’s name, address and phone number;
- the charitable fund at the Foundation to be credited with the gift.
The Hancock County Community Foundation will provide you, or your broker directly, with all the necessary information to make the transfer. Once this is done, the broker should be contacted by the donor and instructed to transfer the securities to the Foundation.
Securities (Certificates) physically held by Donor if sending by Mail
(Please notify the Community Foundation financial office before you mail any stock-related information!)
- The Donor should mail the certificate in a separate envelope to the Community Foundation with a letter stating specifically what is being donated and the charitable fund at the Foundation to be credited with the gift. Do not sign the stock certificate or fill out the transfer section on the back of the certificate.
- The Donor should mail in a separate envelope a Stock Power Form (PDF) with signature guaranteed to the Community Foundation, along with a copy of the above letter. The Donor should enter only the number of shares, name of company, and certificate number on the Stock Power Form. Do not insert Hancock County Community Foundation or name a person to serve as attorney to transfer shares. For security reasons the Stock Certificate and the Stock Power Form should be sent in two separate envelopes.
- A photocopy of your driver’s license, or other picture ID, should be sent to the Community Foundation.
Securities (Certificates) physically held by Donor — Alternatives to Mailing
The certificate, letter and Stock Power Form (PDF) may be transmitted to the Community Foundation in the following ways:
- You can personally deliver the required documentation.
- A Community Foundation staff member can pick up your Stock Certificates and Stock Power Form if it is more convenient.
Note: If the Stock Certificate is for more shares than the donor wishes to gift, the Stock Power form should only show the transfer of the number of shares represented by the certificate. In the letter, the donor should specify how many shares should go to the Community Foundation and how many shares should be returned to the donor. In these cases, the donor must include their social security number so that a new certificate can be reissued in their name for the remaining shares.