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Gifts of Stocks and Securities
Appreciated Stocks & Securities
Transferring appreciated stocks and securities to Colorado Public Radio can be a great way to make a charitable gift, and you can benefit in two ways. When you donate publicly traded stocks to Colorado Public Radio that have been held long-term (owned for more than one year) you may avoid capital gains taxes. Plus, you may take the full fair market value of the gift (on the date it is transferred, rather than the amount you originally paid for it) as a charitable deduction on your income taxes.
The easiest way to make this kind of gift to Colorado Public Radio is to have your broker electronically transfer the stock from your account to ours:
Account with: Bank of New York
Broker: Syntrinsic Investment Counsel
Phone #: 303-296-7100
Account Name: Public Broadcasting of Colorado, Inc. Near Term Reserve
Account #: H16-124002
DTC#: 0443
Agent Bank and Institutional #: 94109
Colorado Public Radio Federal Tax ID#: 74-2324052
Then contact Colorado Public Radio to let us know that you have made a gift. Please be sure to give us your name and address. This is necessary because electronic transfers of stock are NOT MADE in the name of the owner (you), but in the name of the financial firm. We will only be able to provide you with a receipt letter if you notify us of your gift.
Depreciated Stocks & Securities
You can also use depreciated stocks and bonds to make a charitable gift that will benefit you as well as Colorado Public Radio. If you sell the stocks or bonds and donate the proceeds to Colorado Public Radio you may be able to take a charitable deduction for the full value of the gift, and you may be able to take the capital loss on the asset. Please consult your broker to determine if this method is right for you.
Please consult your attorney or financial advisor to determine the tax deductions that apply in your case. Colorado Public Radio cannot offer tax advice.
Colorado Public Radio
7409 South Alton Court
Centennial, CO 80112
1-800-722-4449 or 303-871-9191
gifts@cpr.org
