Frequently Asked Questions
Why donate stock?
How is it done?
When making the pledge:
When filling out the pledge card, the donor should be sure to mark the payment type labeled “direct bill” or “stock contribution”. This sets up the donor’s account to receive payment through a method other than payroll deduction. A pledge reminder will be sent out before the end of the year, so donors wanting to contribute before year-end will have a chance to do so.
When paying the pledge:
If the stock is held by a broker:
The company that United Way uses to process stock contributions is:
17151 Davenport, Ste 117
Omaha, Nebraska 68118
Attn: Ed Shaughnessy
If the donor also uses Siebert, he/she can simply contact Ed by calling him at 1-800-225-6196 X2244 with instructions to credit the shares to the United Way of the Midlands account #450-18682 or by emailing firstname.lastname@example.org.
If the donor uses a different broker, he/she should contact the broker instructing him/her to transfer the shares to the United Way of the Midlands’ account at Siebert.
The following information should be provided in the correspondence:
Email to email@example.com
DTC #: 0445
Acct: #: 450-18682
Donor’s Name (To ensure that United Way will be informed who the gift is from)
The above information allows the donor’s broker to electronically transfer the stock to the United Way’s account at Siebert. Please instruct your broker to share your name with our broker, to help insure proper credit for your pledge. Also, please email firstname.lastname@example.org with your stock information so we can be looking for your stock proceeds check and will know where to credit the funds.
What documentation do I need for the tax deduction?
The donor’s broker can provide a market valuation of the stock on the day it was transferred. These two documents combined provide adequate documentation to support the deduction.
Who should I call if I have questions?
Chief Operating Officer
Fax number is 402-522-7987.