There are some significant benefits of gifting stock to nonprofit organizations: no impact to your personal cash flow, great tax benefits, and you can give more. See this blog post we wrote for more info!
At UWAC, if you wish to make a gift of stock, you can do so by:
- Notifying your broker of the stock type and the number of shares you wish to transfer to UWAC. Your broker will need UWAC’s account number (Charles Schwab, account # 50101290, DTC # 0164) - see this document for more details.
- Once our brokerage firm is notified of the transfer, they sell the shares and transfer the fair market value of the shares to UWAC’s bank account.
- Once finalized, our Director of Finance, Steve Williams, will mail you a signed stock gift tax receipt for your records (usually 1-2 weeks after the transfer).
