Donate Stock
Enjoy the Rewards of a Stock Gift
To take a deduction for gifts of securities and other assets at their current value, you must have owned them for at least one year and a day. Such gifts are deductible up to 30 percent of adjusted gross income in the year of the gift. Any unused deduction amounts may be used in as many as five subsequent tax years.
Example: Bill and Sue Smith purchased 100 shares in ABC Corporation in 1982 at a cost of $2,000. Today the shares are worth $10,000 and pay less than two percent in annual dividends. Because these securities were held for more than 18 months, they owe as much as $1,600 in federal capital gains tax. The Smiths normally contribute charitable gifts of $10,000 annually in cash. In their tax bracket, this gift’s savings would total $3,960. If their gift was in a form of stock with a cost of $2,000, their tax savings would increase to $5,560 (40% greater in savings).
Please check with your tax advisor for additional details.
Stock Donation
Stock can be donated to United Way of Tarrant County in one of two ways:
1. The donor’s broker can electronically transfer stock to United Way via a DTC (Direct Transfer Certificate). The donor’s broker may contact one of the following investment brokers:
| UNITED WAY BROKER |
DTC NUMBER |
ACCOUNT NUMBER |
CONTACT NAME AND NUMBER |
| JP MORGAN CHASE |
0902 | H81103006 | Jack Hove Investment Advisor Private Client Services 817-884-4447 |
| Merrill Lynch | 5198 | 552-04157 | Jack Benson Financial Advisor 817-877-9631 |
2. Stock certificates can be physically mailed or delivered to United Way
of Tarrant County, P.O. Box 4448, Fort Worth, TX 76164-0448.
Gift Letter
When signing the back of the stock certificate, a gifting letter from the donor is needed.
State that the certificate of stock is a gift to United Way.
Irrevocable Stock or Bond Power
If the stock certificate bears the name of the donor, the attached Irrevocable Stock or Bond Power should be completed and signed by the donor (this form does not need to be notarized). A gift letter from the donor must accompany the certificate and Stock Power indicating the donor's intention of donating the stock to United Way of Tarrant County.
Irrevocable Stock or Bond Power Form
Questions regarding United Way's stock donation program can be directed to:
Benton Clark
Executive Vice President and Chief Financial Officer
817-258-8010
