Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Colorado Public Radio.
Benefits of gifts of stocks and bonds
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Further our mission today
How to make a gift of stocks and bonds
Transferring appreciated stocks and securities to Colorado Public Radio is a great way to make a charitable gift, and you can benefit in two ways. When you donate publicly traded stocks to CPR 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. Gift Account
- Account #: H16-124044
- DTC#: 0443
- Agent Bank and Institutional #: 94109
- Colorado Public Radio Federal Tax ID#: 74-2324052
Once you have made a gift of stock, please notify Member Services at 800-722-4449, ext. 1 or [email protected]. Please be sure to provide 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. CPR is only able to provide you with a receipt of your gift if you notify us.
By certified mail - If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Contact us
Click here for more information on how to transfer stock to CPR. We would be happy to assist you and answer any questions that you have.
