Giving stock instead of cash can have many benefits for you. Most important, you avoid the capital gains tax you would normally pay.
Please consult your tax professional to discuss your personal situation.
United Way of Olmsted County’s Brokerage
Firm name, account number and DTC number:
RBC Wealth Management
Attn: Melissa Mergen
2064 Superior Drive NW
Rochester MN 55901
Account # 31042487
Account Name: United Way of Olmsted County
Step 1: Create a Letter of Intent
Letter of Intent Template - download
Print three copies of the letter (one for your records)
Step 2: Send the Letter
Send a copy to your broker/trustee.
Send the other copy to United Way.
If you have stock certificates in your possession, please call RBC Wealth Management, Melissa Mergen directly at: 507-288-4941 or Toll Free 800-825-3246 for guidance on how to proceed.
It is important you do not endorse the stock certificate. You will be provided with a separate stock power and transfer form to use.
Notify the trustee and advise trustee of United Way of Olmsted County broker name, contact, address and account information.
Make a customized letter
Because of privacy laws, brokerage firms or trustees do not always provide complete donor information when transferring shares of stock. To ensure proper posting, please ask your broker to provide your full name and address when funds are transferred.
United Way of Olmsted County staff
8th Annual Power of the Purse
June 11th, 2013 at 10:30 am
The Kahler Grand Hotel
10 Who Make A Difference - Volunteer Award Ceremony
June 26th, 2013 at 1:00 pm
Rochesterfest Main Stage (Center Street)