American Mathematical Society

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How to Give Securities or Mutual Fund Shares

Securities to be Delivered Electronically

The most frequently used and easiest method is a wire transfer through a broker or banker. Your broker or banker will ask you to sign their Irrevocable Stock or Bond Power to allow them to transfer your securities. Please contact the AMS Development Office by phone at (401) 455-4000, or by email the Development Office for additional information that your broker or banker will need to deliver securities electronically to the AMS.

Securities to be Delivered by Mail

While it is easier to deliver securities through a broker or banker, physical certificates may be delivered to AMS by following the important instructions below. In order to make such a gift as efficiently as possible, Please call the Development Office in advance. You will be asked to mail your unendorsed certificate(s) and Irrevocable Stock or Bond Power in separate envelopes and by registered mail to:

American Mathematical Society
Development Office
201 Charles Street
Providence, RI 02904-2294

Note: In one of the Irrevocable Stock or Bond Power envelopes, also include this Donation Form. A separate Irrevocable Stock or Bond Power is required for each company and each class of shares or bonds.

Do not complete any information on the stock power other than your signature and the date. Please do not send a certificate that represents more shares than you intend to give. For most expedient processing, do not fill in AMS's name as transferee on either the stock power(s) or the stock certificate. Also please do not send stock certificate(s) to a transfer agent for transfer into AMS's name.

Mutual Fund Shares

Please contact the AMS Development Office at (401)455-4000 with information about your mutual fund shares. The procedure for transferring shares is established by the mutual fund company and AMS will assist you with the appropriate letters of instruction.

Valuation and Date of Gift

The value of your gift is the mean between the high and low quotations on the date you make your gift. Your gift is considered made on the date the securities pass unconditionally from your control. For securities passed electronically, this is the day the stock is received in the AMS account. For securities mailed, this is the date of mailing.

If there are no sales on the valuation date, but there are sales within a reasonable period before and after the valuation date, the fair market value is determined by taking the average price between the highest and lowest sales prices on the nearest date before and on the nearest date after the valuation date. These averages are weighted in inverse order by the respective number of trading days between the selling dates and the valuation dates.
 

Regardless of the method chosen to deliver a gift of stock, the donor or transferring broker must provide a Irrevocable Stock or Bond Power and Donation Form so that the following information is received for audit and acknowledgment purposes:

  • Donor's name and complete address
  • The description of the securities and number of shares you are irrevocably giving to the American Mathematical Society listed by the certificates
  • On the Gift Form only, please state the purpose, if any, to which the gift is to be applied? (Example, the General Fund, Epsilon Fund, etc.)

The timing of the gift may be important for tax purposes. If you require recording and receipt of the gift by year end, please contact the Development Office by December 1st to allow time for processing by the stock broker or bank to the AMS. Without the appropriate stock information for the gift to be transferred to the AMS, proper credit and timely acknowledgment is difficult. Thank you for keeping the AMS informed.