Why donate Stock or Mutual Fund Shares?
If you sell stock or mutual fund shares you own and then donate the proceeds to UUS:E, any capital gain must be reported and taxes paid on the amount of the gain. However, current tax law allows you to donate appreciated stocks or mutual funds owned for one year or more directly to UUS:E at full market value without having to pay tax on the capital gain. UUS:E has established an account with Fidelity Investments (DTC #0226, contact Bob) Hewey for the account # so that you may donate shares directly. First, determine which of the following items best describes your situation. Then follow the prescribed steps. Also, please send a notice of the action being taken to the Office Administrator at UUS:E, so that your gift can be properly attributed and credited. • If the stock shares are held by the issuing company (e.g. IBM): • Request that the issuing company send to you the number of shares you wish to donate in certificate form. • Follow the procedure below for stock certificates you hold
