Stocks & Mutual Funds

Stocks:
If the stock is held in a brokerage account, please use the following information to transfer the stock electronically:

• Wachovia (RC Broker)
• DTC #141
• Roanoke College Account #: RK1667296256

If using this method, please review stock transaction procedures below and submit Notice of Intent to Gift Stock.

Mutual Funds:
Please call the Resource Development Office at 540.375.2237.

Stock Transaction Procedures:
Roanoke College accepts gifts of stocks via wire transfer from the donor's broker to Roanoke College's Wachovia account DTC # 141, Account RK1667296256. Per Roanoke College policy, all stocks are liquidated upon receipt.

The Roanoke College procedure for these transactions:

• The Development staff/fundraiser informs Roanoke College of the stock gift by sending their completed form "NOTICE OF INTENT TO MAKE A GIFT OF STOCK";
  
• The contact person asks the donor to effect the transfer by wire by transferring the stocks/securities to Roanoke College's Wachovia Account RK1667296256;
  
• After the transfer is initiated by the donor, the contact person informs Roanoke College that the gift has been transferred to the Roanoke College stock account;
  
• Roanoke College places an order to sell, waits for the transaction to settle, and then requests the liquidation proceeds from Roanoke College;
  
• Upon receipt of the Trade confirmation from Wachovia, Roanoke College informs the contact person by sending the Sale of Securities/Transaction Record to the contact person;
  
• The check representing the proceeds of the transaction is received by Roanoke College and the recipient project is credited.

PLEASE NOTE: The Coordinator for Gifts Management will mail an official acknowledgement and receipt for the gift to the donor. The development staff/fundraiser will follow up with personal thank you note.