Friday, August 29, 2008

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Donate Stock

Giving stock held more than 12 months offers a two-fold tax savings. First, you avoid paying capital-gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value. A gift of stock also brings with it Minnesota Public Radio membership, with benefit levels corresponding to the amount of the gift.

How to give stock to Minnesota Public Radio Stockbrokers require instructions in writing. You will need to give the following delivery information to your broker to make a gift to MPR:
Firm: UBS Financial Services Inc.
Contact: McCrea Wealth Management
Primary Contact:
Denise Thornburgh 952-475-9436
Secondary Contacts:
Kelly Olson 952-475-9430
Robert "Dobbin" McCrea 952-475-9431
DTC#: 0221
For the benefit of: Minnesota Public Radio; Account: RP20919
Federal ID #: 41-0953924

If you are transferring a mutual fund asset, please contact Minnesota Public Radio BEFORE initiating that transaction. Mutual funds require special handling.

It is important to notify Minnesota Public Radio when you have completed your request to your broker. To ensure the timely completion of your transaction, or if you have any questions, please contact Jamie Ziemann at 651-290-1546 or online.

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