Most people think of cash when they consider a charitable contribution, but a gift of securities may be a wiser choice. By contributing appreciated securities through United Way of Greater New Haven, you 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

Stock Advantages Over Cash
Your securities donation can deliver significant tax advantages over a cash donation, allowing you to fund the community issues you care about at a lower after-tax cost to you. The chart to the right depicts the difference between the after-tax cost of a gift of cash and a gift of stock. Assume that the stock was originally purchased at $250 (basis), the income tax rate is 27%, and the capital gains tax is 20%.
*For tax receipt purposes, actual stock valuation is based on the mean of the highest and lowest price on the day the stock is received by United Way. Gifts of stock will be liquidated when received, and brokerage fees will be deducted from the gross proceeds. The net proceeds will be disbursed to your charities.

Stock Donation Procedure

United Way of Greater New Haven has accounts at six brokerage firms. If you have an account at any of the below noted firms, the easiest way to donate stock is to have your broker transfer your stock gift from your account to the applicable account noted below.

If you have or use a broker from a firm other than the six noted above, instruct him or her to transfer the stock to the Merrill Lynch account noted above (the transfer is done electronically), using Merrill Lynch’s Depository Transfer Corp # 5198.  Please have your broker contact Stefanie Boles at United Way or broker Betsy Hartmayer to alert us re: the transfer in progress.

If you do not use a broker, mail or deliver the stock to Stefanie Boles’ attention (please send separate from the stock a signed Stock Power, but please do not “sell, assign or transfer” the stock to the United Way. The clearing agent cannot sell the stock in this form).  We will send an immediate acknowledgement of the gift.

We will issue you a tax deduction receipt (the average of the high and the low of the stock on the date of the gift) on the date the stock is transferred into one of United Way’s accounts or received by us directly.

United Way of Greater New Haven contact regarding gifts of stock:
Stefanie L. Boles, Vice President,   Resource Development and Management
(203) 772 -2219 or email at sboles@uwgnh.org