Donate Stocks

Instructions for a Transfer of Stock Directly to the Rhode Island College Foundation

Accounts Held by a Broker

Investments held by a brokerage firm are transferred through ACATS (a broker transfer system), and your broker will need the following information:

The RIC Foundation’s ITIN/TAX ID/EIN is: 056049721

  • Merrill Lynch

  • DTC: 8862
  • n/o Merrill Lynch
  • Acct#: 879-02244
  • n/o the Rhode Island College Foundation

  • Charles Schwab

  • DTC: 0164, Code 40
  • n/o Charles Schwab
  • Acct#: 8738-7496
  • n/o the Rhode Island College Foundation

When Wiring Money or Transferring Securities to the Rhode Island College Foundation, it is very important to include the “for further credit instructions.” It is also extremely helpful if you alert the foundation that the transfer/wire has been initiated so that we can credit your account as quickly as possible. You can email eshoen@ric.edu or call us at 401-456-8087 to let us know.

Wire Instructions

The RIC Foundation’s ITIN/TAX ID/EIN is: 056049721

  • Citibank NA

  • Bank Address: 399 Park Ave, New York, NY 10022
  • Routing number: 021000089
  • Account name: Charles Schwab & Co., Inc.
  • Account number: 40553953
  • For further credit to Schwab account number: 8738-7496
  • For further credit to Schwab account name: The Rhode Island College Foundation

  • Bank of America

  • Wire Instructions:
  • Bank Name: Bank of America, NA
  • Bank Address: 100 West 33rd Street, New York, NY 10001
  • Routing number: 40553953
  • Account name: Merrill Lynch
  • Account number: 6550113516
  • or further credit to: 879-02244 / The Rhode Island College Foundation

Please note the ACATS process should take approximately 5-6 business days.

Accounts Held by a Bank or Mutual Fund Company

Please have a representative from your bank or mutual fund company contact Erica L. Matloff, Assistant Vice President Wealth Management Associate at Merrill Lynch at (631) 204-2386 for further instructions.

  • For Assistance with Your Transfer You may also contact:
  • Eric T. Shoen, CFRE
  • Executive Director
  • The Rhode Island College Foundation
  • 600 Mt. Pleasant Ave.
  • Providence, RI 02908
  • Phone: 401-456-8087
  • Email: eshoen@ric.edu

For more information, visit: https://www.ric.edu/giving.