Giving stock held more than 12 months offers a two-fold 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 Minnesota Public Radio membership, with benefit levels corresponding to the amount of the gift.
How to give stock to MPR
Stockbrokers require delivery instructions in writing. To make a gift to MPR, you will need to give the following information to your broker:
Firm: UBS Financial Services Inc.
Primary Contact: Mary Guillaume (952) 475-9469
For the benefit of Minnesota Public Radio, Account: RPX8140
If you are transferring a mutual fund asset, please contact Minnesota Public Radio before initiating that transaction. Mutual funds require special handling.
It is important to notify Minnesota Public Radio when you have completed your request to your broker.
To ensure the timely completion of your transaction, or if you have any questions, please contact Katie Bloome at email@example.com or (651) 290-1092.