Giving
‘Tis better to give than to receive, but when you make a year-end donation to United Way, you can give and receive at the same time!
Through our workplace campaigns, we are fortunate to receive year-round donations we invest into 24 agencies in Southeast Missouri. But nearly 33% of annual giving occurs in December with 28% taking place in the last three days of the year. For some donors, the tax benefits hold the greatest appeal, while others simply get into the spirit of giving. If you are considering a year-end gift, here are some benefits to keep in mind:
- You can donate most publicly traded securities without having to sell them first, eliminating the capital gains tax. We have some very generous donors who gift valuable stock annually that gives them a tax reduction and puts thousands of dollars back into our community.
- When you contribute to a public charity like United Way, you can give up to 50% of your adjusted gross income.
- You must make itemized deductions to receive the tax benefit, which must be more than the standard deduction.
- 99% of your gift will stay in our region, benefiting children, families, and seniors in 34 programs we fund.
Of course, we are not tax experts, so be sure to consult a qualified advisor. And if you don’t need a tax break, you can still recommend a United Way donation to your friends who do. Above all, enjoy a safe holiday season with those who matter most to you.
