Notify your broker of your decision in regard to the specific security and number of shares to be given. It is probably to your greatest advantage to gift an appreciated security, saving you capital gains.
Securities can be electronically transferred to our account at Barrett and Company (DTC>0226); Rocky Hill School account # 0(zero) EA 312649.
The contact person at Barrett & Co. is Wilson Saville; phone 401-351-1000.
When the securities are delivered to Barrett & Co. Rocky Hill School will be notified and will authorize the sale of the securities on Rocky Hill School’s behalf, remitting the proceeds to Rocky Hill School.
Should the donor intend the use of the gift for anything other than unrestricted purposes, that intention must be communicated in writing to the Development Office at the time the gift is made.
Note to Donor or Donor’s Broker:
Please notify Beth DeGerlia, Director of Development, Rocky Hill School, directly at 401-884-9070 ext. 129 on the day instructions are given to transfer the securities. In turn, Barrett & Co. will be alerted to expect the transfer of securities into Rocky Hill School’s account to ensure a minimum delay between the date of the gift and the sale of the securities.
After the settlement, and the proceeds are received by Rocky Hill School, the School will provide the donor with the gift documentation needed for tax purposes.
The gift date is the date the securities are delivered to Rocky Hill School, and the value of your gift is calculated on the mean value per share on the date of gift.
Rocky Hill School always encourages donors to consult with their own legal and financial advisers.