Gifts of Securities
Donating appreciated securities, including stocks or mutual funds, is an easy and tax-effective way for you to give to UNCF.
Benefits of gifts of securities
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to make a gift of securities
By electronic transfer - Please contact us for instructions on how you can transfer shares of stock or mutal funds from your brokerage or investment account to UNCF.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of securities
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Giving to Charity with Savings Bonds
The best way to use savings bonds as a gift is to leave them to UNCF in your will. By doing so, your estate and your heirs will avoid taxes on the interest. To do this, you write a provision in your will that the savings bonds belong to UNCF upon your death. Your estate administrator distributes the bonds to UNCF for redemption. The bonds never count as part of your estate, so there is no tax liability for your heirs.
If you have any questions about gifts of securities, please contact us. We would be happy to assist you and answer any questions that you have.