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Donor Name:
Designation:
Asset Name:
Ticker:
Estimated Shares or $:
Date of Transfer:
Transferring Firm:
Contact Name at Transferring Firm:
**Transferring Firm should be informed that mutual funds
are not DTC eligible.
We have notified our Relationship Manager at Principal Custody Solutions of these details to begin the donation process. His contact information is listed below:
Brandon Krause
Relationship Manager
222 S 9th St, Ste 1300
Minneapolis, MN
(515) 878-6047
Maria Ramos
Client Services Associate
(254) 265-6086
The delivery instructions associated for mutual funds is different than that of stocks or bonds. Mutual funds must often be done on a case-by-case basis because the shares must be re-registered at each fund company.
Principal Custody Solutions notifies Principal Custody Solutions Operations that a BIN number needs to be reestablished with the mutual fund company to receive the donated shares. Typically, that time can take several days to weeks to establish.
Once the mutual fund company establishes the BIN number, Principal Custody Solutions will then provide the detailed information to San Antonio Area Foundation and/or to the delivering party.
The delivering party will then instruct the mutual fund company to transfer the requisite number of shares from their account to the account number we provide and notify the San Antonio Area Foundation and Principal Custody Solutions when the mutual fund transfer is initiated. (Delivery of the mutual fund and settlement into the custody account can take up to 5 business days, with exception for a holiday.)
Once the mutual fund shares has arrived into the custody account, the cost adjustment and the sale of the mutual fund is completed.
Once the mutual fund sale trade has settled (trade date plus 1 business day), details of the mutual fund sale will be provided to the San Antonio Area Foundation.
The San Antonio Area Foundation designates the mutual fund contribution to the appropriate Fund and the Fund’s investment pool.
Rest assured that your gift is in expert hands. Like you, we appreciate smart investments.
Take 20 seconds to complete this form. We’ll be in touch.