Stock and IRA Rollover Gifts

Thank you for choosing to make a gift to United Way of Asheville and Buncombe County. If you would like to make your gift in the form of stock or an IRA rollover, please contact our Vice President of Finance and Operation, April Lambert, 828.210.1142. Details about how to proceed with either option are outlined below. 

Gift of Stock

The gift of stock (securities) is an excellent way to support United Wat of Asheville and Buncombe County. It's quick, effective, and highly beneficial for you as a donor and for our work in the community. 

Process

  • Contact your broker and direct her/him to transfer a certain amount of shares or value of securities to United Way of Asheville and Buncombe County. Your broker will need the following account information to complete the transfer: 
    • Charles Schwab Account # 8991-5095
    • DTC # 0164
  • Upon completing the transfer, your broker should contact April Lambert, United Way's Vice President of Finance and Operations, with the following information:
    • Donor Name
    • Transfer Date
    • Security Name and Number of Shares
    • Be sure to send a copy of this information to Tracey Johnston-Crum, United Way's Director of Major Gifts
  • Upon receipt of your gift, United Way will mail you a tax receipt valuing your gift at the Average High/Low share price on the transfer date. 

Your Tax Benefit

If you have owned stock for more than one year and that stock has increased in value, you may donate that stock to United Way of Asheville and Buncombe County and receive a deduction equal to the fair market value of the stock at the time of transfer. 

Example: You bought securities for an original cost of $30,000 and the current value of those securities is $45,000. If you were to sell those securities you would owe a capital gains tax of almost $4,000 leaving only $41,000 for your charitable donation, whereas if you gift the securities to United Way, you pay no tax and receive a tax deduction for the full $45,000. 

IRA Rollover Gifts

Taxpayers age 701/2 or older may transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income. 

This gift vehicle is limited in several respects — it is limited to taxpayers age 701/2 or older; the amount of gifts is capped at $100,000, and donors are specifically not permitted to make charitable rollovers to donor-advised funds, supporting organizations, and private foundations. 

United Way of Asheville and Buncombe County is eligible to receive these gifts.

Process

  • Contact your broker and direct her/him to transfer a certain value of your IRA (up to $100,000 annually) to United Way of Asheville and Buncombe County. Your broker will need the following account information to complete the transfer:
    • Charles Schwab Account # 8991-5095
    • DTC # 0164c
  • Upon completing the transfer, your broker should contact April Lambert, United Way of Asheville and Buncombe County's Vice President of Finance and Operation, with the following information:
    • Donor Name
    • Transfer Date
    • Amount of IRA funds transferred
    • Be sure to send a copy of this information to Tracey Johnston-Crum, United Way's Director of Major Gifts
  • Upon receipt of your gift, United Way will mail you a tax receipt with the gift value and transfer date.

Your Tax Benefit

Your IRA gift distribution will not be recognized as income.