Instructions for Making Gifts of Securities

The Preservation Society of Newport County is a 501(c)3 non-profit organization which gratefully accepts gifts of securities.  Most gifts are tax-deductible.

When the stock is held by your broker or commercial banker:

• Notify your broker of your intentions to donate securities to The Preservation Society of Newport County.  Your broker should then notify Caroline Considine, the Preservation Society?s Director of Development, at (401) 847-1000, ext. 167 or via e-mail at cconsidine@NewportMansions.org to discuss the details of the transaction.

• Your broker may transfer the securities into the Preservation Society?s Morgan Stanley Smith Barney account at 284 Bellevue Avenue, Newport, Rhode Island 02840.  Our broker is Paul Steinbrenner - (800) 556-7008 or (401) 845-3507, fax is (401) 845-3550, email paul.a.steinbrenner@MSSB.com.  Smith Barney?s DTC number is 0418, and the Preservation Society?s account number at Morgan Stanley Smith Barney is 374-01649-12.

• Your broker may also wire the securities to the Society?s account as follows:

               Credit Bank:                     Citibank, 111 Wall Street, New York, NY 10005
               ABA#:                               021000089
               Credit Account:                30604518
               Credit Account Name:       Citigroup Global Markets, Inc.
               For further credit to:        Morgan Stanley Smith Barney Client account number 374-01649-12 and
                                                       the Preservation Society of Newport County

To ensure accurate processing, it is important that your broker submit your full name along with complete stock information to the Preservation Society.

When the stock certificates are in your name and in your possession:

• Send unendorsed certificates by first class or registered mail to Paul Steinbrenner at the address above.  In a separate envelope, mail him a stock or bond power.  (You can obtain a stock power from either Paul Steinbrenner or your own broker.)  The stock power must be signed by the same person or persons listed as owner of the certificates.  Sign the stock power and have the signature guaranteed by your broker or commercial banker, but do not fill in anything else.  Enclose a letter of transmittal with the certificates and include a copy of this letter with the stock power.

• If the certificates are already endorsed, send them by insured mail or hand-deliver them to the Preservation Society?s Development Office or the Morgan Stanley Smith Barney office in Newport.  Then follow the above instructions regarding the stock or bond power and a letter of transmittal.

 

For more information, contact:
James Roehm
Gift Planner, CFRE
The Preservation Society of Newport County
424 Bellevue Avenue
Newport, RI 02840
Phone:  401-847-1000 ext 142
jroehm@newportmansions.org