"Corporate Resolution Selling Stock"
TEXAS PRESBYTERIAN FOUNDATION SUGGESTED STEPS FOR TRANSFERRING PUBLICLY TRADED STOCK TO FUND A CHARITABLE GIFT AGREEMENT 1. Type or write the “Letter of Intent,” preferably on the Donor’s stationery, if available. Fax or mail to TPF. If Securities Are Held in Physical (Certificate) Form 2. Have signature of the person(s) whose name appears on the stock certificate guaranteed on Stock Power by a bank officer of a national bank or stockbroker member of NYSE using the “Medallion Guarantee.” Please sign exactly as name appears on the face of the stock certificate. 3. On Stock Power, do not fill in number of shares or name of stock being transferred. 4. Do not sign stock certificates. Do not have stock certificates issued to TPF as this can delay your gift date by several weeks. 5. If stock certificates are in your possession, send stock certificates separate from Stock Power by mail, UPS, Fed EX or similar service to: Texas Presbyterian Foundation Attn: Daniel W. Klein 6100 Colwell Blvd., Suite 250 Irving, Texas 75039 6. If acting on behalf of a corporation, send a corporate resolution authorizing the signer to transfer the securities. If DTC-eligible Securities are Held in Street Name in Brokerage Firm Account or Book Entry in Custodial Account: 7. Type or write “Letter of Transfer,” preferably on Donor’s stationery (fax or mail copy to TPF), and have broker or custodian transfer stock to: Northern Trust Company For the Account of: Trust Department Texas Presbyterian Foundation 40 Broad Street, 8th Floor Account 26-10466 New York, NY 10004 Northern Trust Depository Trust Company Account #2669 Phone: Jeffrey Porta @ 312-557-0474 8. If you wish to have your broker sell the securities, please call our office to arrange for setting up an account for TPF with the brokerage firm to receive the gift of stock or bonds. The securities should not be sold in the donor’s account. Do not have the broker sell the securities until he talks with our office. The Foundation receives a discounted rate on brokerage fees at Northern Trust thereby preserving more of the gift for investment. 9. The value of the gift is determined by the mean of the high and low of the selling price of the securities on the date the stock certificates are received in the Foundation offices or are “booked” by our broker. 10. If funds are in a Mutual Fund or a Dividend Reinvestment Plan (DRIP), please call the office for specific instructions. 11. Please furnish TPF with the cost basis of your securities at your earliest convenience for correct tax reporting schedules. If you, your broker, CPA or legal counsel have questions, do not hesitate to call TPF @ 1-800-955-3155. LETTER OF INTENT - TO BE TYPED ON DONOR'S STATIONERY NAME OF DONOR Donor’s Address Donor’s City February 7, 2011 Mr. Daniel W. Klein, President Texas Presbyterian Foundation 6100 Colwell Blvd., Suite 250 Irving, Texas 75039 Dear Mr. Klein: This letter will authorize the transfer of ______ shares of [common or preferred] stock of ________________________ to Texas Presbyterian Foundation as a charitable gift to fund the [Name of Donor] [Charitable Gift Annuity] [Charitable Remainder Unitrust/Annuity Trust] (within the meaning of Section 664 of the Internal Revenue Code and the Treasury Regulations promulgated thereunder) dated ___________________. Sincerely, [Name of Donor] Social Security Number Date of Birth [Name of Donor] Social Security Number Date of Birth Cost basis of Securities: ______________________________ Date of Acquisition if less than one year: Agreed and accepted this _____ day of _______________, 20_____. TEXAS PRESBYTERIAN FOUNDATION By: _________________________________ Daniel W. Klein, President IMPORTANT: PLEASE FAX OR MAIL THIS LETTER TO THE FOUNDATION BEFORE THE STOCK IS TRANSFERRED SO OUR BROKER KNOWS TO ACCEPT THE STOCK AND NOT SEND IT BACK TO THE ORIGINATING BROKER. Thank you. LETTER OF TRANSFER - TO BE TYPED ON DONOR'S STATIONERY SAMPLE LETTER-NEEDED IF SECURITIES ARE HELD BY BROKERAGE FIRM NAME OF DONOR Donor’s Address Donor’s City February 7, 2011 Mr. Arnold G. Smith Jones Brokerage Firm 1234 Main Street Anytown, Texas 75000 Re: XXXX Shares of Common Stock in XYZ Corporation Held in Account No. Dear Mr. Smith: This is to authorize and direct Jones Brokerage Firm to deliver the above referenced XXXX shares of XYZ Corporation common stock to TEXAS PRESBYTERIAN FOUNDATION as a charitable gift to fund the Charitable Gift Annuity (or trust), by transferring the shares from my/our account through Depository Trust Company to the account of Texas Presbyterian Foundation as follows: Northern Trust Company Trust Department 40 Broad Street, 10th Floor New York, NY 10004 Depository Trust Company #2669 Credit to Account 26-10466 For Texas Presbyterian Foundation Sincerely, Name of Stockholder Social Security Number Name of Joint Stockholder (if any) Social Security Number