Instructions for transferring stock
Gifts of publicly traded stock, closely held stock (including S-Corp shares) and mutual fund shares can be used to establish or add to a fund at the Hampton Roads Community Foundation. You receive a charitable income tax deduction that is usually based on your securities’ current market value. Transferring stock to the Hampton Roads Community Foundation is done electronically through the Depository Trust Company (DTC) to SunTrust Bank, our custodian. Your broker will need the exact DTC Delivery Instructions. Please contact Kay Stine, vice president for development at (757) 622-7951 so we can provide that information and help your broker get them moved.
We also need a copy of the instructions you give your financial advisor and will need to know the donor’s name, company name of the stock being transferred, number of shares and the name of the existing fund or the new fund at Hampton Roads Community Foundation fund to which the assets should be added.