When you donate stock to 90.1 KPFT, you get double the 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 KPFT membership, with benefit levels corresponding to the amount of the gift.
How to Give Stock to KPFT
Stockbrokers require delivery instructions in writing. To make a gift to KPFT, you will need to give the following information to your broker:
INFORMATION FOR YOUR BROKER:
Shares and securities will be gifted to KPFT via the Pacifica Foundation, Inc.
Be sure to let your broker know that your shares are gifted to KPFT via Pacifica Foundation Inc.
Custodian: LPL Financial
GoodWealth Financial Partners
309 W Walnut PO Box 664
Ogden, IA 50212
515-275-2856 Direct
515-275-4080 Fax
DTC Number: #0075
Account Number: 2257-6451
Account Type: Brokerage
Registration (Account Name): Pacifica Foundation Inc
2209 E BASELINE RD STE 300-242
CLAREMONT, CA 91711
TIN: 94-1347046
*If you are donating on behalf of KPFT, please include the station’s call letters “KPFT” as a reference in your stock transfer.
Please feel free to call GoodWealth Financial Partners at 515-275-2856.
GIFT NOTIFICATION
Please call 713-526-4000 or email business@kpft.org to notify us of your stock gift and type (company name), as electronic stock transfers usually come to us without any donor identification.
