Make a Gift of Mutual Fund Shares
The process of giving mutual fund shares takes a few more steps and more time to complete than gifting stock. In general, mutual fund companies do not allow shareholders to transfer mutual fund shares outside the fund. The shares must be transferred to an account within the fund created for the University.
Using a share transfer form:
Most mutual fund companies will provide a standard Transfer of Shares to the New Owner Form that authorizes the transfer of shares from your account into an account opened for the University. The form must be completed by you and the University. You may either leave the "transfer to" portion of the form blank and allow the University to fill it in, or you may indicate that the shares are to be transferred to the Rector and Visitors of the University of Virginia. Please use the University's corporate name rather than that of a school or department at UVA. To designate your gift to the Health System, please note this in a letter accompanying the form when it is sent to the University.
All persons listed in the "transfer from" section of the form (owners of the account) must sign the form. All signatures must be medallion guaranteed, not notarized. Medallion guarantees are available at a bank or brokerage house.
After completing your portion of the form, please send it to the University of Virginia Gift Accounting Department at the following address:
If sent by U.S. Postal Service:
University of Virginia
Office of Development & Public Affairs
Gift Accounting Department
P. O. Box 400807
Charlottesville, VA 22904-4807If sent by other carriers:
University of Virginia
Office of Development & Public Affairs
Gift Accounting Department
Piedmont Centre, 2405 Ivy Road
Charlottesville, VA 22903UVA will forward the form to the mutual fund company with instructions that the shares be sold and the proceeds sent to the University. The funds will be directed to the school, program, or purpose you designate in the letter.
If a share transfer form is not available:
If you are unable to obtain a form from your mutual fund company, you may write a letter addressed to the company authorizing the transfer of shares to the University. All owners of the account must sign the letter, and the signatures must be medallion guaranteed. Please send the signed original of the letter to UVA at the address above so that the University can attach a letter requesting the transaction. Again, all persons listed on the "transfer from" account need to sign the letter.
Gifts of mutual fund shares do take some time to finalize, so advance preparation is recommended when the timing of a gift is critical.
If you have questions, please contact Cecilia Baber, Director of Gift Accounting, at (434) 924-1015.
Please note:
In order to provide for the general support of the UVA Health System and its affiliates, 5% of each gift installment will be designated for unrestricted operating funds of the School of Medicine, School of Nursing, or the Medical Center. Learn more.