Step 1: Notify PLNU
To notify the college of your intention to make a stock gift, contact Eric Groves, the Director of Development for Point Loma Nazarene University, at (619) 849-2520 or at egroves@pointloma.edu.
It is strongly recommended that for each gift, one should forward a letter (by e-mail or regular mail) giving your name, the name of the shares being transferred, and the purpose for which the gift is to be used (i.e University Fund, Endowment).
Mail to:
University Advancement
Development Office
Point Loma Nazarene University
3900 Lomaland Drive
San Diego, CA 92106
Step 2: Transfer Shares
Transfer your shares to Point Loma Nazarene University by one of the following means:
If your shares are held in an account:
Ask your broker to make an electronic transfer of the shares to Merrill Lynch account #29196C53.
If the stock is currently in an account with a company other than Merrill Lynch, you will need the DTC number: 5198.
Our Merrill Lynch broker is Mr. Tom Hummer and he can be contacted at (619) 699-3700. Once the stock is received and transferred into Point Loma Nazarene University's account, we will receive notification of the transfer, and a receipt will be sent to you.
Point Loma Nazarene University also offers an account with Morgan Stanley, Charles Schwab, Merrill Lynch and Smith Barney[a1] . Please contact Jim Bergherm for detailed account information.
If you hold the certificate for your shares:
1) Endorse each certificate (a guaranty of the signature can be performed, but is not necessary), complete the back portion of each certificate and mail to Point Loma Nazarene University. Include a letter indicating to what purpose the gift should be directed.
2) Print and complete the Irrevocable Stock/Bond Power form and the Authority to Sell and Assign Securities form and send to Point Loma Nazarene University in a separate envelope from the certificate(s).
Determining Gift Date:
The date of the gift is determined by the act of "relinquishing" the stock.
Electronic transfer:
the date the shares are received in Point Loma Nazarene University's account.
Mail:
If mailed through a private mail service (FedEx, etc.) the gift is complete on the date we receive the mail containing the stock certificates and signed powers and assignment documents. If mailed through USPS, the gift is complete on the date of the postmark of the last envelope to arrive at Point Loma Nazarene University (in case they do not arrive at the same time).
Hand delivery
(with all necessary endorsements to Point Loma Nazarene University): the date of delivery. Certificates may be delivered to Karmyn Garcia (University Advancement) or Jim Bergherm (Business Office). If you personally deliver stock certificates with all necessary endorsements to Point Loma Nazarene University, the gift is complete for federal income tax purposes on the date of delivery. Certificates may be given to Development Office (University Advancement) located in the John Street House on the north end of campus.
Step 3 : Receipting of stock gifts
Receipts to donors indicate the number and type of shares. For recognition purposes, the donor of publicly traded stock will be credited with the fair market value which is determined by averaging high and low trading prices on the date of the gift (see above paragraphs to determine the date of a gift).
Step 4: Liquidation of stock
Stocks are liquidated as soon as we receive them at Point Loma Nazarene University, or upon notification by our broker that the shares have been transferred to one of Point Loma Nazarene University’s accounts.