Gift of Stock
You can donate publicly traded stocks to KCRW!
Giving appreciated stock to KCRW can mean tax benefits for you. If you hold stock that has gone up in value, you can get a charitable deduction for the full value and avoid paying any capital gain tax. Consult your tax advisor for details.
HOW IT WORKS:
Say you donate 100 shares that you purchased two years ago for $3,000. But now its worth $13,000 on the day the donation was made. By donating the stock directly to the charity, you get a deduction of $13,000 and you avoid paying tax on the $10,000 capital gain you would have recognized if you had sold the stock. But you must give the stock directly to the charity to get the maximum benefit. Don t sell the stock first and give the money to charity. Just don t donate stock that has lost value. Instead, sell the stock and donate the cash to the charity. You get the benefit of the capital loss as well as the benefit of the charitable deduction.
If you are interested in making a gift of stock to KCRW, please contact Charlene Johnson, Acting Director of Member Services, at email@example.com or (310) 314-4697 with the transfer details so we can prepare to receive the stock in our account.