Securities: Stocks, bonds, mutual funds, and more.
Thank you for considering a gift of securities to the Foundation for Edmonds School District. Donating appreciated securities is a great way to show your support for over 21 programs that benefit the children, families, and staff in the Edmonds School District!
Securities held electronically
If your securities are held “in street name” with your broker, send your broker a letter of authorization to transfer (not sell) shares of specific stock(s) to the Foundation for Edmonds School District's main brokerage account.
Your instructions should specify your account number; the date by which you wish to complete the gift, the name and number of shares you would like to donate and the purpose of your gift (e.g. unrestricted gift to the Foundation, gift to specific program or endowment, etc.); and provide the following transfer information:
The Elliott Bay Group at Morgan Stanley Wealth Management
DTC: 0015
Foundation for Edmonds School District
Acct. #: 144-022215-070
Contact: David Gardner, (206) 628-4444
If you are transferring stock from a joint account, both account owners must sign the letter. You can contribute stock from several companies held within the same account. You can also make a single transfer for multiple purposes.
Please, check with your broker soon after sending the letter to ensure that the transfer is complete, especially if you initiate this gift shortly before Dec. 31.
Securities in certificate form
If you have stock or bond certificates, please contact David Gardner, (206) 628-4444, to arrange for delivery
Mutual funds
Very few mutual funds network with brokerage firms. In most cases we have to open an account with mutual fund companies to handle each individual mutual fund gifts. Since the enactment of the USA Patriot Act of 2001, the opening of a mutual fund account has become complicated and time consuming. Please contact the Foundation at least a month in advance.
Year-end considerations
Because of their complexity, securities gifts are best made by Dec. 15.