Stocks and Securities
Invest Now to Create Hope for Tomorrow
Champion your priorities and advance your financial goals.
Giving a gift of stocks or securities can help you advance your financial goals, invest in the areas that are most important to you, and possibly make a larger contribution than you could make in cash.
Instructions
The following are the DTC instructions for the University of Michigan for transfer of stock to the university’s broker, Bank of New York Mellon.
DTC# 0443
Pershing, LLC
Account # N7M001483
Account Name: University of Michigan
Reference: (name of donor)
Before a transfer of stock is made, we ask that you please notify us at [email protected] with the name of stock(s), number of shares, and gift designation(s) so we may monitor our account for the expected transfer and process your gift accurately.
Please note that these instructions are applicable for giving to benefit any of the university's schools, colleges, campuses, and units.
If you intend to transfer mutual fund shares to the university, please contact us ahead of time with the mutual fund name and symbol. Certain mutual funds are not transferable to the university’s account with Bank of New York Mellon and special accommodations may need to be made for your gift.
Note: Please do not use these instructions to fund gift annuities. Visit Planned Giving for more information.
Additional information
Information you may find useful:
Tax ID: 38-6006309
Receiving Institution Address:
Pershing LLC
One Pershing Plaza
Jersey City, NJ 07399
Valuation: For internal university recognition purposes, the gift value is determined by using the mean between the highest and lowest quoted price on the date the shares are received in the university’s account. You will need to consult with your tax advisor to determine whether to use this value or another value for tax purposes. Please see IRS Publication 561 for additional details.
