Giving stock through electronic transfer is the easiest method when a donor maintains holdings in a brokerage account. The Depository Trust Company, or DTC, is the clearinghouse for electronic security transfers. Each brokerage firm has a specific DTC number. When you wish to make a gift of stock, please provide the following information to the transferring broker:
Account Name: John Austin Cheley Foundation
Account Number: 4760-6054
DTC Number: 0164, Code 40
Clearing Broker: Charles Schwab & Company
Reference: {Donor’s Name}
Please alert the Foundation’s Development Director before the transfer so that we can make arrangements with the broker to receive the stock. The Foundation cannot sell an unidentified security. At the same time, please indicate the purpose of the contribution, such as an annual gift, a memorial gift, a pledge payment, or funds for a planned gift. Stock Certificates and Stock Powers: If you send a stock certificate that is in your name, a letter of intent must be included. Under separate cover, please send a signed stock power. The Foundation does not recommend sending signed certificates. Stock powers are available from the Foundation’s Executive Director or from your broker. On the stock power, your signature is the only item that is needed. If the certificate is in the Foundation’s name, no stock power is needed. The process for re-registering stock certificates (transferring the certificate into the Foundation’s name) can take from two to four weeks.
Stock Certificates should be mailed to:
John Austin Cheley Foundation
1420 N. Ogden St.
Suite 102
Denver, CO 80218
Certificates that have been re-registered to the John Austin Cheley Foundation should include a letter identifying the donor and the purpose of the gift. Please feel free to email the Development Director with any questions or if you would like to transfer mutual fund shares.