Giving stock is a great way to support Twin Cities Public Television! A gift of stock held more than 12 months offers two-fold tax savings.
First, you avoid paying capital-gains tax on the increase in value of your stock. Second, 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.
Your gift of stock also brings with it tpt membership, with benefit levels corresponding to the amount of the gift.
How to give stock to tpt
Stockbrokers require delivery instructions in writing. To make a stock gift to tpt, you will need to give the following information to your broker:
In addition to your broker, please contact me at tpt, Linda E. Johnson, Director of Individual Gifts, at (651) 229-1454 or firstname.lastname@example.org. When you contact me, please provide your name, name of the stock you are donating and the number of shares. Twin Cities Public Television will then promptly thank you for your generous gift as well as give you documentation for your tax deduction.
If you are transferring a Mutual Fund Asset, please contact Linda E. Johnson at (651) 229-1454 or email@example.com prior to initiating the transaction. Mutual Fund Assets require special handling.
"There is quality you can't find anywhere else... If you want to be well-informed, public television gives wonderful in-depth coverage of important issues for the health of our community... We feel we should be as generous as we can be in order to continue tpt, not only for ourselves and our preferences, but for our grandchildren."— Terry Saario and Lee Lynch
"We found that we can give more to tpt because donating stock has given us tax advantages."— Garrett and Margot Drake
"Twin Cities Public Television encourages us to learn and to look at the world with a broader perspective."— Walt and Sandi Wayne