Instructions for transfer of stock
The following are the DTC instructions for Indiana University Foundation for transfer of stock to the university’s broker, Bank of New York (BNY) Mellon.
Account # N7M002523
Account Name: Indiana University Foundation
Reference: (name of donor)
Before a transfer of stock is made, please notify us at email@example.com with the donor’s information (name, address, and email), 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.
If you intend to transfer mutual fund shares to IUF, please contact us ahead of time at firstname.lastname@example.org 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.
Additional information if helpful:
Indiana University Foundation Tax ID: 35-6018940
Jorja Watts, BNY Mellon Capital Markets
Once processing is fully complete, IU Foundation will send you an electronic gift receipt stating the security name, number of shares, and date of receipt. Per IRS Publication 1771, non-profits are instructed not to provide values for gifts of securities. You will need to consult with your tax professional to determine the appropriate value to use for tax purposes.