Securities to be Delivered Electronically
The most frequently used and easiest method is a wire transfer through a broker or banker. Your broker or banker will ask you to sign their Irrevocable Stock or Bond Power to allow them to transfer your securities. Please contact the AMS Development Office by phone at (401) 455-4000, or by email at development@ams.org for additional information that your broker or banker will need to deliver securities electronically to the AMS.
Securities to be Delivered by Mail
While it is easier to deliver securities through a broker or banker, physical certificates may be delivered to AMS by following the important instructions below. In order to make such a gift as efficiently as possible, Please call the Development Office in advance. You will be asked to mail your unendorsed certificate(s) and Irrevocable Stock or Bond Power in separate envelopes and by registered mail, to:
American Mathematical Society
Development Office
201 Charles Street
Providence, RI 02904-2294
Note: In one of the Irrevocable Stock or Bond Power envelopes, also include this Donation Form. A separate Irrevocable Stock or Bond
Power is required for each company and each class of shares or bonds.
Do not complete any information on the stock power other
than your signature and the date. Please do not send a
certificate that represents more shares than you intend to give.
For most expedient processing, do not fill in AMS's name as
transferee on either the stock power(s) or the stock
certificate. Also please do not send stock certificate(s) to a
transfer agent for transfer into AMS's name.
Mutual Fund Shares
Please contact the AMS Development Office at
(401)455-4000 with information about your mutual fund shares. The
procedure for transferring shares is established by the mutual fund
company and AMS will assist you with the appropriate letters of
instruction.
Valuation and Date of Gift
The value of your gift is the mean between the high and low
quotations on the date you make your gift. Your gift is considered
made on the date the securities pass unconditionally from your
control. For securities passed electronically, this is the day the
stock is received in the AMS account. For securities mailed, this
is the date of mailing.
If there are no sales on the valuation date, but there are sales
within a reasonable period before and after the valuation date, the
fair market value is determined by taking the average price between
the highest and lowest sales prices on the nearest date before and
on the nearest date after the valuation date. These averages are
weighted in inverse order by the respective number of trading days
between the selling dates and the valuation dates.
Regardless of the method chosen to deliver a gift of stock, the donor or transferring broker must provide a Irrevocable Stock or Bond Power and Donation Form so that the following information is received for audit and acknowledgment purposes:
- Donor's name and complete address
- The description of the securities and number of shares you are irrevocably giving to the American Mathematical Society listed by the certificates
- On the Gift Form only, please state the purpose, if any, to which the gift is to be applied? (Example, the General Fund, Epsilon Fund, etc.)
