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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 them that the securities are being transferred. The broker will need the following information:
*PLEASE NOTE THAT MUTUAL FUNDS ARE NOT ELIGIBLE FOR DTC TRANSFER
Contact Mary Sookhoo by phone:
212.623.8740, fax: 718.242.6137 or e-mail.
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
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 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.
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