Questions & Answers
It is important to us that donors are provided with timely, accurate and up to date information. If your question is not listed below, please contact us so we may help you.
Questions and Answers about your United Way
Answer:
United Way of the Greenbrier Valley's goals for Advancing the Common Good focus on three critical building blocks for a good life - Education, Income and Health. Funding is provided to thirty-two partner agencies in the Greenbrier Valley for programs and services that support our goals. In addition, United Way has several initiatives supported by campaign gits including Warming Hands & Hearts (emergency home heating assistance), Born Learning (early childhood education), and FamilyWize (a free (prescription drug discount card).
Answer:
The United Way annual report ending September 30, 2007 shows administrative expenses at 14%, fundraising at 6%, programs at 79%, and United Way of American at 1%.
Questions and Answers about Donating Securities
For many people, investments in securities represent a significant portion of their assets. Stocks and other investments are often an important part of one’s long-term plans, providing a nest egg to rely on in the future.
Did you know that your investments can also be an excellent source for charitable gifts? Stocks, bongs, mutual funds, and other securities that you have owned for more than one year not only make convenient gifts, but can provide you with welcome tax benefits as well.
The following are some commonly asked questions and answers about giving securities. By reading them, you may discover how stocks and other investment assets can help you make a significant charitable gift at less cost than a comparable gift of cash.
Answer:
While cash is the most popular form of charitable gift, gifts of non-cash assets such as publicly traded stocks or bonds can be attractive because of the favorable income tax treatment they may bring.
If you own securities that have appreciated in value over time, you may owe a substantial capital gains tax if you sell them. But, if you use such assets to fund a charitable gift, you may completely avoid the capital gains tax while enjoying a federal income tax deduction for the full value of the securities. Giving securities helps conserve cash for other uses. You also may be able to make larger gifts than you thought possible.
Answer:
For maximum tax benefits, it is usually best to give securities that have increased in value the most since you have owned them. Or you may wish to give a particular security as part of efforts to simplify your portfolio.
