A Gift of 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
2064 Superior Drive NW
Rochester MN 55901
Account # 31042487
Account Name: United Way of Olmsted County
How to Give Stock
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.
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.
- 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.
Contact us for information or to notify us of a stock gift
- Resource Development 507-529-4830
- Finance 507-287-2008
- United Way Central 507-287-2000
To receive an acknowledgement and receipt for a stock gift, donors need to notify United Way or RBC Wealth Management when stock shares are transferred to United Way of Olmsted County’s brokerage account. If you made a stock gift and did not receive a receipt for it, please contact United Way.
Please use this Letter of Instruction guide when making stock donations using the Computershare Trust Company as a transfer agent.