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Make Your Caring Count
Make your caring count by giving to United Way. United Way is one of the only organizations that gives you control over how your donation is used to help people in your community.
When you give to United Way, you can choose the General Fund to direct trained volunteers to allocate dollars based on the Community Assessment. General Fund donations also support United Way's Community Impact Initiative, which seeks to make lasting changes in a community condition (currently Workforce Housing).
You can also elect Targeted Care to direct your gift to a particular impact area identified in the Community Assessment (e.g., Health & Healing; Strengthening Families; Food, Clothing & Shelter, etc.).
And you always have the option to direct your gift to any tax-exempt, non-profit agency you wish.
United Way requires that agencies receiving General Fund donations must use that money for program expenses only, not overhead, so you can rest assured that your contribution is being maximized.
If you would like to make a donation to United Way contact us at:
United Way of Greater Nashua
20 Broad Street
Nashua, NH 03064
Phone: 603 882-4011
Fax: 603 882-5406
Your trust and confidence in us are very important. You can expect us to be accountable and transparent about our finances, and more importantly, we pledge to be accountable for delivering on our mission to mobilize the community to improve lives. Our finances are completely transparent. Administrative expenses are accurately reported on IRS Form 990, our financial statements are audited annually by an independent Certified Public Accountant, and both are available upon request (mailto:info@unitedwaynashua.org). Of the gifts made to our General Fund and Impact Areas, 86 cents of every dollar goes to helping people in need, which far exceeds Better Business Bureau guidelines. The balance covers administrative and fundraising costs. There is a fee on all designated gifts to cover the costs of materials, processing, and handling.
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INFO@unitedwaynashua.org |
Endowment
In 1998, United Way of Greater Nashua, in partnership with New Hampshire Charitable Foundation, established a permanent endowment to benefit the greater Nashua area. The hope is that this endowment will eventually cover United Way's administrative costs to enable more donor dollars to go directly to agency programs. For more information on United Way of Greater Nashua's endowment, contact Don Mattise at don@unitedwaynashua.org or 603/882-4011.
There have been remarkable fluctuations in the value of stocks and other investments over the past decade and donors are taking time to review their investments, especially when they are considering charitable gifts.
American taxpayers have long enjoyed the opportunity to make charitable gifts of securities and other investments that have increased in value, thus bypassing capital gains taxes that would be due on the sale. The federal tax laws provide that one can give an appreciated asset and take an immediate income tax deduction for the current fair market value of the asset no matter what was originally paid for it. In essence, donors are allowed to use "paper profits" to help reduce federal and sometimes state income taxes.
A growing number of United Way of Greater Nashua donors are making gifts of securities and other investments. This type of gift has a major impact on United Way and our community. The donor benefits from reduced income taxes and avoiding capital gain taxes and our community benefits by increased support.
Deduct the Market Value of Stock
Federal tax law permit taxpayers who itemize to deduct the current market value of contributed stock from their adjusted gross income. The stock must have been held by the taxpayer for more than one year.
For example, Jim and Sally purchased stock more than 18 months* ago for $400 and it is now worth $2,000.
By giving this stock away, Jim and Sally may qualify for a $2,000 deduction even though their original cost was $400.
Save on Capital Gains Tax
Many people have benefited from gains in the stock market. However, the gain in market value brings a capital gains tax liability when the stock is sold.
In the case of Jim and Sally, assuming their stock experienced a $1,600 gain ($2,000 market value less $400 original cost = $1,600 gain), they would need to pay a $320 capital gain tax ($1,600 gain X 20% = $320) were the stock sold.
However, by giving the stock to United Way, Jim and Sally would eliminate the need to pay the capital gains tax.
*Recent federal tax law has changed the holding period for preferential tax treatment. See your personal tax advisor regarding these implications.
Reduce the Cost of Your Gift
By obtaining the double savings from income tax deduction and elimination of capital gains tax, Jim and Sally actually cut their "cost" of making a gift. Assume they are in the 31% tax bracket, their gift of cash or stock would result in a $2,000 charitable deduction or a $620 "out of pocket" tax saving. But the gift of stock would also generate a $320 capital gains tax savings resulting in a lower "cost" of the gift.
If you decide to make a gift through stock this year, you can make the transfer in one of two manners:
Transfer To United Way Account
If you have an account at a brokerage firm, simply transfer the appropriate amount of stock to the United Way account at Morgan Stanley Dean Witter. Instruct your firm to transfer the stock to:
Morgan Stanley Dean Witter
6 Park Avenue,
Worcester, MA 01605
c/o DTC #0015 UW Account 624200858.
Please have your broker notify Morgan Stanley at 603-881-3300. Once the stock is transferred to United Way's account, we will confirm your gift by letter.
Send Shares Directly to United Way
To send shares directly, please fill out a stock power and mail directly to United Way of Greater Nashua. Additionally, send the actual stock certificate(s) that you wish to donate, in a separate envelope, to United Way. Once United Way has received your stock and stock power, we will confirm your gift by letter. If you have questions regarding transferring stock, please contact:
Gail Yorkell
Director of Finance at United Way
Phone: 603 882-4011
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Gail@unitedwaynashua.org |
