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Make a gift of publicly traded stocks or bonds held in a brokerage firm account

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  1. Advise Luther of the transfer so the college can credit you with your gift. You may do so by contacting Peggy Lensing, controller, or Chuck Riha, accounting manager. During business hours, call 800.258.8437 or fax the information to 563.387.2683.  When you contact Peggy or Chuck, please provide the following information:
    • Names of the corporations and the number of shares or bonds you are giving
    • Name and phone number of your broker
    • The designation of your gift (e.g., Annual Fund or a restricted fund)
  2. Send a letter of instruction to your broker.  Be sure to include a full description of the securities you wish to give to Luther and your gift’s intended purpose, or designation. Please request the broker transfer the securities to the following Luther College Charles Schwab account: 

Charles Schwab,
DTC# 0164
Code 40
For the benefit of Luther College
Donations Account# 6194-9889

  1. Instruct your broker not to sell the securities. (If the securities are sold and the sale proceeds transferred to Luther, you will have to report any capital gains and pay any taxes due.) If your broker has questions, he/she should contact Peggy Lensing, controller, or Chuck Riha, accounting manager, at 800.258.8437, Keith Christensen, vice president for development or Ann Sponberg Peterson, director of development, principal gifts, at 800.225.8664.
  2. Send a copy of the letter of instruction you sent to your broker to:

Peggy Lensing, controller
Luther College
700 College Drive
Decorah, IA 52101

Please Note: Luther College prefers that donors transfer stocks or bonds to its Charles Schwab account. However, accounts are maintained with other brokerage firms such as:

  • Piper Jaffrey
  • Merrill Lynch
  • RBC Dain Rauscher

If you prefer to use one of the above firms, please contact Peggy Lensing 800.258.8437 for further account information.