Serving Monroe, Owen, and Greene Counties

Year-End Giving

As the end of 2020 quickly approaches and we pause in gratitude amidst the hustle and bustle, please consider the lasting impact you can give a family, like Bella and James and their family in the photo above, this holiday season.

Feeling grateful for a warm home, health insurance, or food for your holiday merriment? Glad you can pay all your bills and still have something left over at the end of the month?  Then, perhaps you’ll want to consider a generous year-end gift, a gift that will create a lasting impact well into 2021 for families with young children seeking a chance to thrive. You can reach beyond the holidays into next year by giving generously to help families like Bella and James’ create a better future.

Turn your holiday into something larger this year by helping create a future that works well for everyone. Light up a life with your generosity – and light up your own in the process! There are many ways to give: 

 

Your gift by check

Date your check on or before Dec. 31, 2020, and mail with a postmark on or before Dec. 31, 2020.

Gift checks mailed with a postmark and check date on or before Dec. 31, 2020 will be counted for 2020 regardless of when they are received at United Way of Monroe County.

Other Delivery

Date your check on or before Dec. 31, 2020 and ship via FedEx, UPS, or other shipper so that it is received by United Way of Monroe County by 5 p.m., on Wednesday, Dec. 30, 2020.

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 of your check:

United Way of Monroe County
431 S. College Ave.
Bloomington, IN 47403

Questions about your gift by check? Email us at pledges@monroeunitedway.org or call 812-334-8370 ext. 12.

 

Your gift by credit card

Make you gift online at monroeunitedway.org/givenow by midnight on Dec. 31, 2020.

 

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 2020.

If you're interested in making a gift to United Way via a stock transfer, please use the information below. If you have any questions, contact Chris Hazel, Finance Director, at (812) 334-8370 or by email.

Brokerage Firm: Robert W Baird & CO
Contact: Alyce Zollman
Email Address: azollman (at) rwbaird.com
Phone #: (812)332-6333
Address: 202 S College Ave
Account #: 7033-5222
DTC #: 0547
Tax I.D.: 35-0985959

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.

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 Monday, Dec. 31, 2020.

 

Reduce income tax on Your 2020 Roth IRA conversion

You can make a charitable contribution through your Roth IRA or traditional IRA to United Way of Monroe County and help move the community from COVID Relief to Recovery and Rebuilding.  

If you’re 70.5 or older, there may be some added tax benefits when making your “Qualified Charitable Distribution” (QDC) from your IRA. This could be a smart choice for you this year. At age 70.5 or older, donating funds from your account directly to United Way of Monroe County does not count as income, thus fulfilling your required minimum distribution while bypassing your gross income. In many cases, that surpasses the benefits of making a standard charitable contribution.

Other potential advantages:

  • Your gift allows you to support United Way’s expanded work for COVID Relief and Recovery and is put to immediate use.  
  • Your gift minimizes your tax obligation at the federal and state level.
  • Your gift may keep you in a lower tax bracket.  

Contact your financial adviser today and request that a “Qualified Charitable Distribution” be made directly to United Way of Monroe County. Here’s what you’ll need to do to make this smart donor choice:

  • Ask your financial advisor to include this information in your correspondence to United Way: include your name, address, and intention to use your gift as a 2020 IRA Qualified Charitable Distribution as a charitable gift to United Way.
  • Your gift should be made out to United Way of Monroe County and sent to 431 S. College Avenue, Bloomington IN 47403.
  • Provide United Way of Monroe County’s Tax ID (EIN number) to your financial advisor: 35-0985959

While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)—there are requirements. To determine if your IRA qualifies for a gift to United Way of Monroe County and for additional guidance, please consult your tax advisor or financial consultant.  

For IRS Resources, click here.

Keywords: 
Related: 
  • Born Learning
  • Financial Stability Alliance
  • Monroe Smart Start
  • Familywize Discount Prescription Card
  • Bank On Bloomington