It is the policy of Arch to sell all securities as soon as is practicable after the securities have been received by Arch. In order to expedite this process, The Arch Foundation for the University of Georgia, Inc. has established an account with Merrill Lynch in Athens to handle these transactions. The preferred method of transfer is for the securities to be transferred through the use of the Depository Trust Company (DTC). An alternate means of transfer is for the actual certificate to be transferred to Arch and registered in the name of Arch, but this method is much slower. After Merrill Lynch has received the securities, they will immediately sell the securities and forward the proceeds to or for the benefit of Arch as designated by the donor. The instructions for both methods are at the end of this section.

In certain circumstances, the donor(s) may request that another broker be used to sell the securities on behalf of Arch. In this situation, to be done on an exception basis, the broker will establish an account in his/her firm in the name of Arch. The broker will work with the staff of the Financial Services Office to obtain the necessary corporate information to open the account.

After the account has been opened and the securities transferred to the account, the broker will sell the security and send the proceeds, the net of commissions, to Arch. TOP

Electronic Transfer of Securities Information (DTC):

Please notify Gift& Estate Planning at the University of the name and number of shares of securities being transferred. For additional information, please call:

Try to have the following information (or as much as possible):

• Donor Name
• Designation - if split then supply % to each account
• Expected gift amount
• Type of Security
• # of shares

While DTC allows a speedy delivery of securities, it does not provide a great deal of information in our account. Oftentimes, we do not receive a donor name and must send out a mass email in order to match the gifts. Please let the donor know to have his or her broker attach his or her name to the DTC instructions. TOP

Gifts of Stock

When stock certificates are in the donor's name-

1. Do not sign the certificate(s).

2. Please sign one (1) Stock Power for each stock issue. (See Exhibit III.A) Please make extra copies as necessary. Sign your name on the form exactly as indicated on the stock certificate.

3. Please mail stock certificate(s) to The Arch Foundation for the University of Georgia, Inc. unsigned and in a separate envelope from the Stock Power(s).

4. Lastly, please mail the Stock Power(s) to The Arch Foundation for the University of Georgia, Inc. The address is:
The Arch Foundation for the University of Georgia, Inc.
394 South Milledge Avenue
Athens, Georgia 30602

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When the stock certificates are in the name of Arch -

1. Simply have the donor mail or deliver the certificates(s) to Arch.

2. The Financial Services office will handle the remaining details. Please call Jennifer Gary at (706) 542-8160 or Doris Cash at (706) 542-8161 with questions.
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Valuation Process

For all gifts of marketable securities, the Gift Accounting Office will obtain the high and low price for the date the gift is officially transferred into the name of Arch. The valuation is based on the average of the high and low price quoted for that date. The average price sets the price per share for gift valuation. TOP

In many cases, there is a period of time between the date of gift and the date of sale. It is common that a gain or loss may be recognized on the sale of the stock. The gain/loss will be booked to the fund receiving the gift. The gift valuation for the donor is not adjusted. For split gifts of donated stock (designated to benefit more than one fund), all gains/losses will be split according to the original gift designation unless otherwise requested in writing by the donor. TOP