Many of our donors choose to make stock gifts to Friends of SDPB each year. Giving stock held more than 12 months offers a two-fold tax savings:
- Receive a tax deduction for the full fair market value of the stock on the date of the gift
- Avoid paying capital-gains tax on the increase in value of your stock
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 giving option for stock that has appreciated substantially in value. Your gift of stock also brings with it SDPB Membership.
How to give stock to Friends of SDPB
Stockbrokers require delivery instructions in writing, check with your broker for details.
To make a gift to Friends of SDPB, first give our brokerage service's information to your financial advisor:
Edward Jones
Paul Schellpeper*
1001 E. Blue Earth Avenue, Suite B
Fairmont, MN 56031
(507) 238-4244
DTC#: 0057
SDPB Account: 5640878319
Friends of SDPB EIN: 23-7310698
Second, please notify Friends of South Dakota Public Broadcasting when you have completed your request to your broker to ensure timely processing of your gift.
Contact Adam Davenport at adam.davenport at sdpb.org or (605) 681-8801 with questions.