Give a Gift of Stock
Giving stock instead of cash can have many benefits for you. Most important, you avoid the capital gains tax you would normally pay.
Why Give Stock?
- By giving stock held for at least a year, you avoid paying the capital gains tax incurred if you sell appreciated stock.
- Recognition of stock gifts will be for the average of the high and low stock price on the day of transfer to United Way.
Please consult your tax professional to discuss your personal situation.
United Way of Olmsted County’s Brokerage
Firm name, account number and DTC number:
RBC Wealth Management
Attn: Melissa Mergen
1544 Greenview Dr SW
Rochester, MN 55902
Account # 31042487
DTC #0235
Account Name: United Way of Olmsted County
How to Give Stock
Electronic Transaction
Step 1: Create a Letter of Intent
Letter of Intent Template - download
Print three copies of the letter (one for your records)
Step 2: Send the Letter
Send a copy to your broker/trustee.
Send the other copy to United Way.
Stock Certificate
If you have stock certificates in your possession, please call RBC Wealth Management, Melissa Mergen directly at: 507-288-4941 or Toll Free 800-825-3246 for guidance on how to proceed.
It is important you do not endorse the stock certificate. You will be provided with a separate stock power and transfer form to use.
Trust Account
Notify the trustee and advise trustee of United Way of Olmsted County broker name, contact, address and account information.
Make a customized letter
Data Privacy
Because of privacy laws, brokerage firms or trustees do not always provide complete donor information when transferring shares of stock. To ensure proper posting, please ask your broker to provide your full name and address when funds are transferred.
Questions
United Way of Olmsted County staff
Bonita Schultz
507-529-4830
bonnies@uwolmsted.org
Dale O'Groske
507-287-2008
daleo@uwolmsted.org