Did you know you can also give to KBACH by donating stocks or mutual funds you currently own? If you haven’t made your annual gift to the station already, it’s definitely an option to consider—especially since you’ll avoid having to pay steep capital gains taxes at the end of the year.
Whatever size donation you choose to make, you’ll also be able to deduct your gift on your tax return. Gifts of appreciated securities that that have been held for longer than one year are exempt from capital gains taxes. Plus, outright gifts entitle the donor to a tax deduction that’s equal to the fair market value of the securities at the time of transfer.
You can also consider funding a charitable gift annuity or a charitable trust on our Estate Planning page.
To make a current gift of stock, please give your broker the following instructions for electronic delivery to KBACH.
- Account name: Friends of Public Radio Arizona (Federal Tax ID# is: 01-0579687)
- Account number: 55922653
- DTC Number: 0164, Code 40
- Broker: Charles Schwab
The date of the gift will be the day that the stock is received in Friends of Public Radio Arizona’s account. Transactions can take 3–5 days.
Please contact Brian Fergus at (480) 774-8460 or by e-mail at [email protected] to notify us of the transfer details so that we can properly credit your gift and provide you with a letter for tax purposes.
2323 West 14th Street
Tempe, AZ 85281