Gift of Securities
There may be significant tax benefits to giving a gift of stock or mutual funds to St. Olaf, particularly if significant capital gains have accumulated.
In order to complete an electronic transfer of stock or mutual funds, instruct your broker to transfer the securities to the college's account at:
Charles Schwab
4722 North 24th St.
Suite 400
Phoenix, AZ 58016
720-785-6094
This type of electronic transfer is done via the Depository Trust Company (DTC) system. The transfer instructions are as follows:
Brokerage: Charles Schwab
DTC Number: 0164 Code 40
Account Name: St. Olaf College
Account Number: 8411-4327
When you transfer securities through the DTC system, please send an email copy of your instructions to Mark Gelle, St. Olaf Assistant Treasurer, at gelle@stolaf.edu or call him at 507-786-3295.
If you have questions, please contact Mark Gelle at the contact information above.
