How to Give a Gift of Stock to Westmont College

Step 1: Notify Westmont

To notify the college of your intention to make a stock gift, contact the director of donor relations at Westmont College at (805) 565-6833 or at jmori@westmont.edu.

It is strongly recommended that for each gift, one should forward a letter (by e-mail or regular mail) giving your name, the name of the shares being transferred, and the purpose for which the gift is to be used (i.e. Westmont Annual Fund, Endowment).
Sample Donor Letter.

Mail to:

Office of College Advancement
Advancement Services
Westmont College
955 La Paz Road
Santa Barbara, CA 93108

Step 2: Transfer Shares

Transfer your shares to Westmont by one of the following means:

  • If  your shares are held in an account
    • Ask your broker to make an electronic transfer of the shares to Westmont College Wachovia Securities account #8683-0060.
    • If the stock is currently in an account with a company other than Wachovia Securities, you will need the DTC number: 0141
    • Our Wachovia Securities broker is David Neunuebel and he can be reached at (805) 730-5068.  Once the stock is received and transferred into Westmont’s account, we will receive notification of the transfer, and a receipt will be sent to you.
    • Westmont also offers an account with Morgan Stanley, Charles Schwab and Smith Barney.  Please contact the director of donor relations for detailed account information
  • If you hold the certificate for your shares
    • Endorse each certificate
      • A guaranty of the signature must be performed
      • Please do not complete the back portion of the certificate
    • Mail to Westmont College and include a letter indicating to what purpose the gift should be directed.
    • Print and complete the Stock/Bond Power Form and the Letter of Authorization to Sell and Assign Securities and send to Westmont College in a separate envelope from the certificates(s).

Determining the Gift Date

The date of the gift is determined by the act of “relinquishing” the stock.

  • Electronic transfer: the date the shares are received in Westmont’s account.
  • Mail: If mailed through a private mail service (FedEx, etc.) the gift is complete on the date we receive the mail containing the stock certificates and signed powers and assignment documents. If mailed through USPS, the gift is complete on the date of the postmark of the last envelope to arrive at Westmont (in case they do not arrive at the same time).
  • Hand delivery (with all necessary endorsements to Westmont): the date of delivery.  Certificates may be delivered to Janna Mori (College Advancement) or Jena Harris (Office of Finance), both located on the second floor of Kerrwood Hall.

Receipting of stock gifts
Receipts to donors indicate the number and types of shares.  For recognition purposes, the donor of publicly traded stock will be credited with the fair market value which is determined by averaging high and low trading prices on the date of the gift (see above paragraphs to determine the date of a gift).

Liquidation of stock
Stocks are liquidated as soon as we receive them at Westmont College, or upon notification by our broker that the shares have been transferred to one of Westmont’s accounts.