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So Much To Be Thankful For
Another academic year is about to begin and we at WPI are so thankful for the people who support our community. Our faculty and staff keep us on the forefront of STEM education, our students excel on campus and around the globe and you, our valued alumni and friends, support our faculty and students in so many ways.
Please follow the deadlines and instructions below to make your year-end gift to WPI. If you have any questions, contact us at 508-831-6052 or giving@wpi.edu.
Gifts of Stocks and Securities
GIFTS OF SECURITIES
DTC stock transfers can be made at any time. See below for information on how to transfer stock shares. For information on deadlines for mailing or hand-delivering stock certificates, contact Gift Recording at 508-831-6040.
STOCKS
If securities are held in a brokerage or trust account, the donor must instruct the broker or trust officer to contact Luanne Zingarelli in WPI's Gift Recording Department (lpz@wpi.edu or +1-508-831-6040) for instructions on transferring the securities to WPI.
It is helpful if the donor advises WPI that a gift of securities is forthcoming. Instructions should be provided in writing with a copy to WPI - a sample letter of instruction to a broker is available. Do not instruct your broker or trust officer to sell the stock and forward the proceeds to WPI. In order to avoid the capital gains tax, the stock must be transferred to WPI. The market value of the security is determined by the average of the high and low value of the shares on the date the securities are received.
STOCK CERTIFICATE TRANSFER
If you hold a stock certificate or bond, you may hand-delivered to WPI or send it via USPS.
All securities in certificate form must be accompanied by a stock power bearing a medallion signature guarantee from a bank that participates in the medallion program. Securities and stock powers sent by mail should be sent under separate cover. Donors should not sign the back of the certificate. The stock power form should be signed and medallioned only; WPI will fill out the remainder of the form. A sample stock power document is available for download.(.pdf)
The value of your stock gift will be determined using an average of the high and low prices based on the date received. Certificates and stock powers sent by USPS should be sent separately, and the gift date will be based on the later of the two postmarks. Hand-delivered securities will have a gift date of the date received by WPI.