What is the meaning of LETTER OF AUTHORIZATION (LOA)?

LETTER OF AUTHORIZATION (LOA) is a form that permits a Donor to provide written instructions to transfer a stock certificate in the Donor's name in full or in part to another party, such as a charitable organization, without using a transfer agent. This form given to the charitable organization with the designated stock certificate and a separate Stock Power is usually executed by the charitable organization's brokerage to expedite the sale and receipt of proceeds from the gift of securities.

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APABarry Goldsmith. (2010). LETTER OF AUTHORIZATION (LOA). Retrieved September 21, 2026, from http://smartdefine.org/letter_of_authorization_(loa)/definitions/1157099
ChicagoBarry Goldsmith. 2010. "LETTER OF AUTHORIZATION (LOA)" http://smartdefine.org/letter_of_authorization_(loa)/definitions/1157099 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, LETTER OF AUTHORIZATION (LOA), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/letter_of_authorization_(loa)/definitions/1157099>.
MLABarry Goldsmith. "LETTER OF AUTHORIZATION (LOA)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/letter_of_authorization_(loa)/definitions/1157099>