Stock Gifts

Benefits of Giving Stock

• Give a larger gift than you thought possible.
• Have a greater impact on our community.
• Enjoy certain tax benefits while building a stronger, safer community.
  

Why a Gift of Stock?

By giving appreciated securities, you can avoid capital gains tax. A gift of stock allows you to give a gift larger than you thought possible. For instance, you can make a cash gift of $10,000 or make a gift of shares that you bought for $2,000 more than a year ago and that are now worth $10,000.

Benefits of these types of gifts may include the following:

• 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 Greater Portland, 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.)
  

How to Give

For questions or specific information on giving the gift of stock to the United Way of Greater Portland, please contact Michael Bevilacqua, CFO & Chief Operating Officer at 207.874.1000, ext. 2308 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
   • Fidelity
   • Franklin Templeton Fund
   • KeyBank, N.A.
   • Janus
   • Legg Mason
   • Merrill Lynch
   • Morgan Stanley
   • RBC Dain Rauscher
   • Smith Barney/Citigroup
   • TD Banknorth
   • The Torray Funds
   • 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 Key Investment Services, 256 US Route One, Suite 1, Falmouth, ME 04105 c/o DTC 0443. United Way of Greater Portland's account number is HQ6005693.

Please have your broker notify United Way's account executive, Joshua Milligan, prior to the transfer. His number is 207.781.6410.

3. Shares Held by You
   If you hold your own shares, please call United Way of Greater Portland at 207.874.1000, x 2308. We will arrange to pick up your certificates.

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.