A gift of stock can bring you tax savings!
A gift of appreciated securities provides an ideal opportunity for you to make a significant gift to United Way and take advantage of substantial tax benefits by avoiding capital gains and receiving a reduction for the full value of the gift.
Example: Make a cash gift of $10,000, OR Donate a gift of stock shares that you originally bought for $2,000 and have held for more than a year that are now worth $10,000.
Compare the difference: If you give $10,000 cash, you can receive federal income tax savings of $2,800 (assuming you're in the 28% bracket). Thus, your gift of cash can cost you a net of $7,200.
If you give the gift of stock to the United Way of Eastern Maine, look what happens. You can lock in the stock's $10,000 value. You can also receive federal income tax savings of $2,800 and avoid the $1,200 in capital gains tax on the stock's appreciation. Thus, your gift of stock could cost you a net of $6,000. (To deduct gifts of appreciated securities at their current fair market value, the IRS requires that you must have held them for more than one year.)
To calculate your own savings, visit the "Giving Stock to United Way" section of the United Way of Amerca's website at: http://stock.unitedway.org
How To Make a Gift of Stock
For questions or specific information on giving the gift of stock to the United Way of Eastern Maine, please contact Karla McDougold, Vice President of Finance and Administration at 207-941-2800, ext. 202 or by e-mail.
A gift of stock can be made in one of three ways.
1. Transfer to a United Way Account
If you have an account in one of the following firms, you may simply transfer the appropriate amount of stock to the United Way account in the same firm.
A.G. Edwards
KeyBank, N.A.
Means Investment Company
RBC Dain Rauscher
TD Banknorth
UBS Financial Services
2. Shares Held by Another Brokerage Firm
If your shares are held by another brokerage firm, instruct them to electronically transfer the stock to UBS Financial Services, DTC number: 221, Account number BP 54011 56 or call Jeff O'Sullivan or Samantha Reynolds at 207-947-4543.
3. Shares Held by You
If you hold your own shares, please call United Way of Eastern Maine at 207-941-2800. We will arrange to pick up your certificates.
After the transaction is complete
United Way will send you a thank you and letter of receipt, indicating what securities we have received and the date of transfer. We use the average value of the securities on the date we receive them into our account establishes the gift value for tax purposes. Note that this amount may be different (higher or lower) than the amount we receive from the sale.
Disclaimer: This information is illustrative only and is not intended to be legal or financial advice. Consult your own attorney or financial advisor to discuss your specific situation. | 
