Year-end is the time to give back, as well as make sure you are maximizing tax benefits! Here’s how to complete your 2016 gift to United Way of Monroe County by year end.
Your gift by check
Date your check on or before Dec. 31, 2016, and mail with postmark on or before Dec. 31, 2016.
Gift checks mailed with postmark and check date on or before Dec. 31, 2016 will be counted for 2016 regardless of when they are received at United Way of Monroe County.
Date your check on or before Dec. 31, 2016, and hand-deliver your check or ship via FedEx, UPS, or other shipper so that it is received by United Way of Monroe County by 5 p.m., on Friday, Dec. 30, 2016.
Donation checks delivered by any method other than being mailed via U.S. Postal Service are effective as of date received at United Way of Monroe County.
The address for mailing, shipping, or hand-delivery of your check:
United Way of Monroe County
441 S College Ave
Bloomington, IN 47404
Questions about your gift by check? Email us at firstname.lastname@example.org or call 812-334-8370.
Your gift by credit card
Make you gift online at monroeunitedway.org/givenow by midnight on Dec. 31, 2016 or call us at 812-334-8370 by Friday, Dec. 30 at 5 p.m. to make a credit card donation over the phone.
Your gift of securities (stocks, bonds, mutual funds)
Gifts of securities (stocks, bonds, and mutual funds) require planning. The effective date of your gift for tax purposes depends upon how you deliver the gift. Use the deadlines below to ensure your gift counts for 2016.
The amount of your charitable deduction depends on the value of the securities at the time the gift is complete.
Mutual fund gifts: Start early to determine the fund’s processing time, which varies widely from fund to fund. Some can complete your transfer within days of receiving your instructions; some take six weeks or more.
For all gifts of securities: Please contact our broker Hilliard Lyons at 812-332-6333 to make your gift of stock. Also, notify our Finance Department of your intention to make a gift of stock to the United Way of Monroe County by calling 812-334-8370 ext. 12 or emailing email@example.com.
Electronic securities transfer: Your electronic transfer of securities from a brokerage account is complete when the securities have been received by United Way of Monroe County. Important: These gifts are not considered complete upon giving instructions to a broker. Your electronic transfer gift is counted for tax purposes only when it is complete (see above).
Initiate your transfer early. It is wise to allow several weeks. While some transfers may be received within days of your instructions, longer delays are possible, especially at year-end.
Deadline: Your electronic transfer must be received by 11:59 p.m. on Friday, Dec. 30, 2016.
Reduce income tax on Your 2016 Roth IRA conversion
If you converted your traditional IRA to a Roth IRA this year, you can offset the taxable income generated by the conversion by making a charitable gift to United Way of Monroe County or by making an additional pledge payment on an existing gift. Timing is the key. Your Roth conversion and your gift work together, so to ensure your plan works as you intend, your gift or pledge payment should match the tax year in which the income is reported. Consult your accountant or financial advisor to make sure your Roth conversion and your charitable gift fit your overall tax strategy.