Benefits of Making a Stock Transfer Contribution
Most people think of cash when they consider a charitable contribution, but a gift of securities is also a viable option. By contributing appreciated securities through United Way of Monongalia and Preston Counties, you can make a powerful community contribution while gaining valuable tax advantages. If you have owned appreciated securities for at least a year and a day, your contribution can offer the following benefits:
Claim the Market Value
By claiming the market value (versus the cost basis) of the securities, you can enjoy a charitable contribution tax deduction equal to the average of the highest and lowest quoted sales price on the day you make the gift.
Eliminate Capital Gains Tax
By donating your appreciated securities, you avoid the capital gains tax you would owe if you sold the securities yourself. The deduction of gifts of appreciated capital-gains property is limited to 30% of your adjusted gross income, subject to the five-year-carry forward provision.
Stock Donation Procedure
Our United Way has an account with Edward Jones. If you have an account with Edward Jones, the easiest way to donate stock is to have your broker transfer your stock gift from your account to our account. If doing so, please contact Brandi Helms, Chief Executive Officer, to notify us of your impending gift - (304) 296-7525 or brandi@unitedwaympc.org
Brokerage Account Information
Edward Jones Financial
68 Clay Street, Suite B
Morgantown, WV 26501
(304) 291-6000
United Way Account Number: 296-11513-1-9
DTC#: 0057
If you have or use a broker from a firm other than Edward Jones, instruct him or her to transfer the stock to the account above. Please have your broker contact us to alert us of the transfer.
If you do not use a broker, mail or deliver the stock to our offices:
United Way of Monongalia and Preston Counties
Attention: Brandi Helms
278C Spruce Street
Morgantown, WV 26505
**Please send separate from the stock a signed Stock Power, but please do not “sell, assign or transfer” the stock to the United Way. We will send an immediate acknowledgement of the gift.