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Gifts of Securities*
The Cooper Union welcomes gifts of cash, but also encourages donors to consider gifts of securities. Often gifts of appreciated securities or stock can be one of the most advantageous ways to giving because the form of gift provides significant tax relief while supporting The Cooper Union.
If the securities are held by your bank or broker in electronic form:
Please call Michael Governor at (212)353-4172 to let him know that you wish to transfer securities and the purpose for which you want the funds to be used.
Do not instruct your custodian to sell the securities for our account.
- Ask your broker to contact our bank to notify it that the securities are being transferred. The broker will need the following information:
If you are in physical possession of the certificates:
Send or deliver unendorsed certificates by registered mail to The Cooper Union, c/o Business Office, 30 Cooper Square, 7th Floor, New York, NY 10003-7120. Include a hand-signed letter of transmittal in which you fully describe the securities and clearly state your intention to make a gift to the College.
Under separate cover by first-class mail send a signed and dated stock power for each certificate. Fill in only the description of the securities. Do not fill in The Cooper Union's name as transferee.
Be sure to endorse the stock or bond power exactly as your name appears on the face of the certificate and to obtain a signature guarantee from a commercial bank or from a broker who is a member of a national securities exchange.
For additional information please contact Michael Governor at (212)353-4172 or govern@cooper.edu.
Contact Carol A. Witney by phone: (614)248-9036; fax: (614)244-0776 or email.
DTC # 0902
Cooper Union Gift Account # P26055
J.P. Morgan Investor Services
4 New York Plaza, 15th floor
New York, NY 10004-2413
Routing Number (ABA): 021000021
Cooper Union Tax ID: 13-5562985
*Please note that mutual funds are not eligible for DTC transfer.