Making a gift of stock is an easy and wise way to support New England Public Media. If you have stock that you’ve held for over a year and it has appreciated in value, donating it to NEPM is a great way for you to show your philanthropic support. If you transfer the stock directly to NEPM, you can take a charitable deduction for the fair market value of the stock on the day that you donate it as well as avoid capital gains tax on the increase in value. (If the stock has lost value, you are better off selling it first then donating the cash, this way you can take a capital loss on the investment).
Your broker can easily transfer the stock for you. Here are some easy steps to guide you in making a gift of stock or securities:
1. Contact the NEPM Development office to let us know of your intent. Just let us know who you are, the name of the stock you want to transfer, and the number of shares so we can keep an eye out for the transaction.
2. Call your broker with the information below:
Account Name: New England Public Media, Inc.
Tax ID: 04-6130523
Account Number: 80391784
For more information on making gifts of stock or through your IRA, please call:
Major Gifts Officer