Stocks and Securities Gifts

A number of you have found it convenient and tax efficient to make gifts to Unity North in the form of stocks and securities.
We are so grateful to you and want to make this an easy process.

If you would like to make a gift of shares, just call to inform us of the number of shares, the date of the gift and the value so that we may properly reflect it in your tax record. Please call our Executive Director, Tom Ellicott at 678-819-9119 or by e-mail or Priscilla Hodge, our accounting manager, e-mail. Unity North has a brokerage account with Charles Schwab to facilitate your gifts. Once you call us, then follow the easy instructions below in the "Making Your Gifts" section to facilitate the transaction.

Unity North accepts gifts of cash, checks, and appreciated assets, such as securities, real estate, or personal property. Often a gift of appreciated stock offers tax benefits to the donor. Not only can the donor enjoy a charitable deduction for the fair market value fo the stock, but there are no capital gains levied on the appreciated portion.

Stock Gift Example:
You own stock that was purchased for $7,500 but is now worth $25,000. You give the stock to Unity North and recieve a charitable income tax deduction for the $25,000 fair market value of the stock. In addition, you save the capital gains tax on the $17,500 appreciation.

Capital Gains Savings Example:

Charitable Deduction: $25,000
x 39% combined GA and Federal income tax rates
Your total income tax savings could reach $10,000.
Plus, you avoided $3675 in capital gains taxes.
Net savings could reach $13,675.
All the while Unity North benefits from the full value of your $25,000 deduction.

Naturally, this is just an example and you should consult your accounting and tax professionals to be confident about your individual situation. Viewed another way, you may be able to give more than you thought possible when the tax ramifications are considered. The benefit to Unity North is the same whether you give cash or stock, but the tax savings to you is likely to be greater if you give appreciated stock.

Making Your Gift of Stock

A. If the stock is in a brokerage account:

Contact your broker to transfer the securities to the Unity North Charles Schwab account.
Unity North's Broker's name and DTC # is 0164.
Our account number can be obtiained by calling our office at 678-819-9100
Our account representative at Schwab can be reached at 1-800- 515-2157
Charles Schwab will liquidate the securities and send the proceeds to Unity North.

Please inform us of your gift plans: name of stock, # shares, date, your current address and contact information and the purpose of the gift if you choose to dedicate it.
You can e-mail or fax the information to our accounting office or call 678-819-9100.

B. If the gift is in the form of a stock certificate registered in your name:

Send the stock certificate plus a signed Stock Power form under separate cover. (The form is available from Charles Schwab or your Brokerage House.) Again, you can phone Schwab at 1-800- 515-2157 to get the form.

The donor's signature must be notarized or guaranteed by a bank officer or notary. Mailing the Stock Power and the certificate under separate cover ensure that the stock can only be transferred with both documents.

For tax purposes, the gift is valued at the average of the high and low price on the day the shares are transferred to Unity North. Donors are advised to consult with thier legal, tax and estate planning professional when considering donations other than cash.

We are so grateful for your gifts!