WAYS TO GIVE
There are a variety of ways to make a charitable gift, which may provide tax advantages for you. Please consult your advisors for your best giving option(s). Below are a few recommendations for consideration.
STOCK
Donating appreciated securities is a great way for you to make a gift to TPT. You can deduct the full present fair market value and you owe no tax on the appreciation in value. To make a gift of stock to TPT, you will need to give the following information to your broker:
- Firm: Robert W. Baird & Co.
- Contact: Lynn Kittelson, Sr. Client Specialist, 651.365.2184 or lkittleson@rwbaird.com
- DTC number: 0547
- TPT’s Federal Tax ID number is 41-1302487
- For the Benefit of Twin Cities Public Television, Account: 50804436
Please contact the Giving Team at giving@tpt.org or 651.229.1410 when you have completed your request to ensure that we are able to credit you for your gift.
IRA DISTRIBUTIONS
At age 73, IRA owners must begin taking Required Minimum Distributions from their IRAs. When they turn 70 1/2, they become eligible to begin making gifts to their favorite qualified charities from an IRA using the qualified charitable distribution, or QCD.
You can give any amount up to a maximum of $108,000, in 2025, from your IRA directly to a qualified charity such as TPT without having to pay income tax on the distribution. You can feel good knowing that you are making a difference at TPT.
The gift must be transferred directly from your IRA to TPT, bypassing you completely. You will not pay income tax on the distribution, but you will also not receive a charitable tax deduction. The gift does go towards satisfying your Requried Minimum Distrubtion (RMD) for 2025. It is a wonderful way to make a tax-efficient gift, even if you do not itemize your deductions.
Please find a sample letter of instruction for your financial institution here.
Full Legal Name of TPT: Twin Cities Public Television, Inc.
Federal Tax I.D. Number: 41-0769851
MORE GIVING OPTIONS
CASH
STOCK
RETIREMENT PLAN ASSETS
IRA DISTRIBUTIONS
LIFE INSURANCE
BEQUESTS
DONOR ADVISED FUNDS
FAMILY FOUNDATIONS
CHARITABLE GIFT ANNUITY
CHARITABLE REMAINDER ANNUITY TRUSTS
CHARITABLE LEAD TRUSTS