Highly appreciated stocks, bonds and other securities can be very attractive vehicles for charitable gifts. Most can be donated directly to United Way through our broker, CPR Wealth Advisors in Hudson at 715-386-1335.
Giving stock instead of cash can have many benefits for you. Most importantly, you avoid the capital gains tax you normally would pay. Plus, you earn a standard deduction.
For more information about giving stock, please contact Carol Joswiak at 715-377-0203 ext. 104.
Why Give Stock?
- By giving stock held for at least a year, you avoid paying the 15% capital gains tax typically incurred if you sell.
- Earn a standard tax deduction on both federal and state taxes—potentially big savings for you.
How to Give Stock
Step 1: Create a transfer request
- Use our stock form
Step 2: Print and mail the request
- Print three copies of the letter
- Send a copy to your banker/broker
- Send the other copy to United Way
- Retain one for your records
Step 3: Inform United Way
- Inform us that your stock gift is coming via email or phone: 715-377-0203
- Include your name, phone number and the value of your pledge
Andersen Corporation Stock
There are special procedures for some stock gifts such as Andersen Corporation stock. Gifts of Andersen stock are handled through an arrangement with the St. Croix Valley Foundation. The Foundation has established a charitable trust at the First State Bank of Bayport. This trust can accept gifts of Andersen Corporation stock from individuals to benefit charitable organizations.
How it Works
- Consult your professional advisor, attorney, accountant, financial planner, etc.
- Establish a fund at the St. Croix Valley Foundation.
- Contact the First State Bank of Bayport to arrange the transfer of stock to the Foundation’s charitable trust.
- The trust will sell the stock and put the proceeds into your donor advised or designated fund.
- You can then advise the Foundation to transfer the money to our annual campaign or into United Way's endowment fund.
- A $50 transaction fee is deducted from the proceeds by the First State Bank of Bayport.
- St. Croix Valley Foundation fees vary with the type of fund established (e.g. $300+ for a short-term donor advised pass through fund).
- For further information about donating Andersen stock, please contact the St. Croix Valley Foundation’s president, Jane Hetland Stevenson, at 715-386-9490.