How to Make An Outright Gift of Stock

Transferring Stock Benefits Both You and Weizmann

Your contributions are extremely important in helping to meet the current and future needs of the Weizmann Institute of Science's scientific and humanitarian mission. With an outright gift of long-term appreciated securities (owned for more than one year), you would bypass the capital gains tax that would ordinarily be due on the sale of the securities if you sold them yourself. In addition, you will receive an income tax deduction based on the securities’ fair market value on the date of the gift.

Note: If you are using securities to establish a charitable gift annuity, please contact our office for instructions. As with any charitable gift, please consult your own legal and tax advisors.

How to Complete Your Gift of Stock

1. Advise YOUR BROKER That You Are Transferring Stock

To complete your gift, advise your broker of your intention to transfer your appreciated stock directly to the American Committee for the Weizmann Institute of Science (depreciated stock should generally not be transferred to us). Your broker may request that you put your instructions in writing. Remember that you or your broker should advise the American Committee for the Weizmann Institute of Science of the gift.

For Electronic Transfer of Stock:

Wire stock to the account of the American Committee for the Weizmann Institute of Science, Inc., as follows:

Outright Gifts of Stock for American Committee for the Weizmann Institute of Science

(Excluding Charitable Gift Annuities)
Attn: Sean Kelley
800.243.4121
UBS
Via DTC #221
Acct #UN-02487-KS


Be like Lilly Salcman—she initially established a master’s scholarship with her daughters, but it will eventually grow to a professorial chair because she is adding to her fund with charitable gift annuities and a bequest from her estate.

2. Advise US That You Are Transferring Stock

It is important that you (or your broker) inform the American Committee of the Weizmann Institute of Science of the details of all intended gifts of stock. Advising us of your plans will give us an opportunity to review your gift, alert our brokers to the transfer, and ensure that the gift is used according to your wishes.

Note: Different instructions apply for gifts to establish charitable gift annuities; please call our office at the number listed below if your intent is to establish a charitable gift annuity with appreciated securities.

Please contact your American Committee of the Weizmann Institute of Science Regional Director or one of the professional staff at our National Office.

  • Michele Willner, Chief Financial Officer
  • Steven L. Meyers, Vice President
  • Stacy Sulman, Vice President CPP@acwis.org, or 800.242.2947

Date of Gift: Generally speaking, the date of gift for electronic transfers of stock is the date the transfer is received by the American Committee for the Weizmann Institute of Science’s bank. Consult your own advisor to ensure that your gift is received by the American Committee for the Weizmann Institute of Science within the appropriate calendar year.


If Actual Stock Certificates Are Held by You

1. Deliver unsigned certificates or send them by registered mail to:
American Committee for the Weizmann Institute of Science
633 Third Avenue, 20th Floor
New York, NY 10017
Attn: Finance Department

2. Mail, under separate cover, a signed (but otherwise blank) stock power to the same address.

Sending stock certificates (unsigned, by registered mail) and stock powers (signed, but otherwise left blank) in separate envelopes helps ensure the security of the stock transfer.

If you hold a stock certificate but wish to contribute less than the full number of shares, you have these options:

A. Request that your own broker take in the stock and then transfer the number of shares you wish to contribute to the American Committee for the Weizmann Institute of Science. This may be the fastest way.
B. Request that the issuing corporation issue a separate certificate for the appropriate number of shares in the American Committee for the Weizmann Institute of Science’s name.

Year-End Gifts: Consult your own advisor to ensure that your gift is received by ACWIS within the appropriate calendar year.

IRS Circular 230 Notice. We advise you to seek your own legal and tax advice in connection with gift and planning matters. The American Committee for the Weizmann Institute of Science, Inc. does not provide legal or tax advice. This communication is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.

video