Wills/Bequests/Stocks

The Iraqi Student Project is happy to receive gifts in the form of Wills and Bequests. Consult with your financial advisor about the implications of donations in these forms.

To make the process of gifting stock easy and cost effective, ISP maintains an account with Stifel Nicolaus & Co. If a gift of this type is appropriate for you, we invite you or your financial manager to initiate a transfer of stock using the following account information:

Stifel’s DTC number is: 0793
ISP’s account number is: 66506526

ISP’s federal tax identification number (EIN) is: 26-1356230           

Through the generosity of a good friend, ISP now has a stock portfolio with Stifel Nicolaus & Company, Inc. Donations of stocks bring significant tax benefits to the donor. If you have questions regarding a gift of stocks, please contact our portfolio manager:

Mr. Gerald Wunderlich
Stifel Nicolaus
121 Market
Alton, Illinois 62002
618-463-4697
800-819-7254
314-741-9555

Please note that ISP cannot accept stocks associated with certain industries whose products or services are incompatible with ISP’s mission, ideals, or goals (e.g., munitions, weapons, or any industry shown to be profiting from the exploitation of persons, the promotion of warfare, or disregard for the earth’s limited resources and/or threatened environment).

For more information on stock transfers, read How Does Someone Actually Transact Securities? Stocks, bonds or any other securities can be transferred as gifts. Giving the gift of stock also has benefits for the giver. If the stock has appreciated in value, the holder can avoid paying the capital gains tax by giving it as a gift. There are two methods in transferring the ownership of a stock, which depend on how it is currently being held.

If the stock is being held in certificate form, then transferring the physical stock will be required. The owner must endorse the stock by signing it in presence of a guarantor, which can be their bank or broker. There may also be a form on the back of the certificate, which relate to the transferring of ownership. After the certificate is filled out and signed, it will be rendered non-negotiable and become transferable. There are also websites, like Oneshare.com, who specifically sell shares of stock that you can gift to people. Often though, there will not be a physical copy of the stock, as many investors own the electronic version, which stored in a brokerage account. To gift their stock, the owners should gather the brokerage account information of the party they are gifting. The next step is to contact the donor's broker, pass on the new account information, and order the electronic transfer to the other party.