Transfer
of Stock
When
CFNIL receives stock gifts of any kind, the shares must first be transferred
into an CFNIL brokerage account. CFNIL then liquidates the shares
as soon as allowable and the proceeds are invested according to our
investment policy. Read our investment policy.
CFNIL
has brokerage accounts at the following institutions.
A
G Edwards
American Century Investors
Dain Rauscher
First Union Securities
Morgan Stanley Dean Witter
Robert
W. Baird & Co.
Salomon Smith Barney
TD Waterhouse
T. Rowe Price
If your shares are also held at one of these institutions, simply
notify your broker and CFNIL that you would like to gift X amount
of shares of ABC Company stock or mutual fund to the Community Foundation.
It is very important to let the broker know that CFNIL has an account
at their institution for transfer of securities. Please use the following
sample letter to do this. Once we have received notice of your gift,
CFNIL will send you a gift letter acknowledging the mean value of
your gift and confirming the fund that it will go into. CFNIL will
send you a second letter upon receipt of the net sale proceeds, informing
you of the exact amount that was deposited into your chosen fund.
Download
Sample Letter
If your
stock is not held in an account at one of these institutions, please
notify your broker and CFNIL that you would like to gift X amount
of shares of ABC Company stock to the Community Foundation of Northern
Illinois. Please use the following sample letter to do this.
Download
Sample Letter
