Western Illinois University: Macomb Campus
Web Tools and Search Bar
Advancement & Public Services
Gifts of stock to the WIU Foundation are a popular form of charitable giving with our alumni and friends. In most cases you can deduct the full fair market value of long-term securities for tax purposes. You also avoid paying tax on the capital gain of your securities when contributing them to the WIU Foundation. Your gift of stock is valued on the day we receive it.
Stock can be electronically transferred to the WIU Foundation by your broker by following these directions: transfer the stock to DTC Participant #0901, account number 246718 at MidAmerica National Bank. Please contact the WIU Foundation to inform us of the stock transfer so that we can make certain that we receive the gift of stock and properly credit you for your generous contribution to WIU.
If you are in possession of the stock certificates that you wish to transfer to the WIU Foundation, please mail them to the WIU Foundation, 1 University Circle, Sherman Hall 303, Macomb, IL 61455-1390. Please contact our office to inform us that you are mailing stock certificates to us. Do not endorse your stock certificates. Please mail a signed stock power form with your signature to the WIU Foundation.
Mutual Fund Shares
In most cases, you will need to call your fund and ask for instructions on transferring shares from your account to the WIU Foundation. The WIU Foundation will most likely be required to open an account with your mutual fund to accept the transfer of mutual fund shares. Once the WIU Foundation establishes an account with your mutual fund, you will need to instruct the fund on how many shares you wish to transfer to the WIU Foundation account. Once we receive your mutual fund shares, we will instruct the fund to liquidate the shares and issue a check to the WIU Foundation. This process does take some time, but your gift of mutual fund shares will be valued on the date of transfer from your account to the WIU Foundation account.