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Stock and Securities Transfer Instructions
Many friends of Columbia make gifts in the form of stocks, bonds,
and mutual funds that have increased in value. A gift of appreciated
securities is deductible at full market value and avoids capital
gains taxes that would otherwise be due if you sold those securities
yourself. While the gift of appreciated assets often involves
stock, other marketable assets—such as life insurance, land,
antiques, and homes—can be utilized as potential gifts with
the possibility of valuable tax benefits.
Instructions for transferring securities to Columbia vary depending
on whether physical delivery of stock is being made or the security
is being sent electronically through DTC (shares are currently
held at a bank, brokerage house, etc.) The following are instructions
for both:
If the stock is held in a brokerage account:
Step 1. Instruct your broker or custodian bank
to transfer the stock to
SunTrust Bank, Atlanta
DTC Account No. 2971
Tax ID 58-0566165
Trust Account No. 1116609
Columbia Theological Seminary-Gift Clearing
Reference: (the donor’s name/purpose of gift)
Step 2. Please
have your bank/broker contact Debbie Couch, 404-588-7227, or
Wadala Jackson, 404-813-2189, when these transfers have been
initiated. Taking this step will prevent the transfers from
being returned “DK” or Delayed.
Step 3. Notify Columbia of your gift. Either
mail or fax a copy of your letter of transfer instruction to
Gift Box 325
Institutional Advancement
Columbia Theological Seminary
PO Box 520
Decatur, GA 30031-0520
Fax: 404-687-4532
If you physically hold the shares:
Step 1. Fill out stock power form(s). Your stock
power must include a guaranteed signature. You need to fill out
a separate stock power for each stock issue you wish to donate.
Step 2. Write a brief cover letter indicating
the number and type of shares, the company(ies), and the purpose
of your stock gift. This will expedite our acknowledgment process.
Step 3. Mail the certificate(s) without any
endorsement or assignment along with your letter (see Step 2)
to
Gift Box 325
Institutional Advancement
Columbia Theological Seminary
PO Box 520
Decatur, GA 30031-0520
Step 4. For
security reasons, mail the stock power form(s) you filled out in
Step 1 to the same address in a separate envelope from the stock
certificate(s).
If you wish to make a cash balance wire transfer:
Step 1. Transfer to:
SunTrust Bank, Atlanta (SRC E & F)
ABA No. 061-000-104
Credit Account No. #9088000415
For further credit to Account No. 1116609
Columbia Theological Seminary-Gift Clearing
Attention: Roslyn Lowe
Step 2. Please
have your bank/broker contact Debbie Couch, 404-588-7227 or Wadala
Jackson, 404-813-2189, when this transfer has been initiated.
This will prevent the transfer from being returned "DK"
or Delayed. If neither contact is available,
follow voicemail instructions for the backup person.
If you hold non-DTC eligible assets, checks, mutual funds,
limited partnerships, bearer bonds or fed book entry assets:
Please contact Marty Sadler, vice president for business and
finance, at 404-687-4512.
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