How to Transfer Stock
205 W. College Street, Florence, AL 35634
(256) 764-5892
www.uwnwal.org
MAKING A CHARITABLE GIFT OF STOCK
Donating appreciated securities is a simple and effective way to support the United Way of Northwest Alabama (UWNWAL). Gifts of publicly traded stock often provide tax advantages, including a charitable tax donation for the fair market value of shares and the ability to avoid capital gains tax that would occur if the donor sold the shares.
To ensure your gift is processed accurately and promptly, please follow the steps below.
STEPS FOR DONORS
- Instruct the broker regarding the effective date of the gift.
- Identify the name of the stock and the number of shares being donated.
- Provide the name of the stock and the number of shares being donated.
- Contact our receiving broker to transfer the stock into UWNWAL’s brokerage account.
- Call or email UWNWAL’s contact person listed below to notify us that the transfer has been initiated.
Name of Receiving Institution: Riverfront Wealth Management, LLC
Broker Contact: Matt Morris
Broker Address: 304 E. Dr. Hicks Blvd, Florence, AL 35630
Telephone Number: 256-980-1450
Receiving Account No.: 5790-2359
DTC No.: 0141
Account Name: United Way of Northwest Alabama
United Way’s Tax ID: 63-0873878
UWNWAL’s Contact: Jennifer McNulty, President & CEO (256) 764-5892 Ext 100 or ceo@uwshoals.org
To maintain a clear record of your gift, please send UWNWAL a copy of any letter of instruction you provide to your broker. Please ensure the gift is clearly identified. If no gift date is provided, the date the Broker receives the stock will be used.
UWNWAL will send an acknowledgement letter to the donor after the stock is sold. The stock will be valued at the median market value on the recorded gift date.
Intent to Give Stock
Thank you for your generous support.
United Way of Northwest Alabama, Inc. is not engaged in rendering tax advisory services.
For advice on specific cases, the services of a tax advisor should be obtained.