KCME accepts stock and bond donations. Giving securities held more than 12 months offers a two-fold tax savings. First, you eliminate capital gains tax on the increase in value of your stock. In addition, since KCME is owned and operated by a 501(c)(3) tax exempt organization, you receive a tax deduction for the full market value of the stock on the date of the gift.
How to donate securities:
Financial institutions require delivery instructions in writing. To make a gift to KCME, you will need to provide the following information to your broker:
Name of Recipient
Cheyenne Mountain Public Broadcast House, Inc.
1921 N. Weber Street
Colorado Springs, CO 80907
Federal Tax ID Number: 83-0234545
Tax Exempt Number: 79-1158
To ensure your gift is credited to your account, and for details regarding KCME’s securities account with Wells Fargo, please e-mail us at firstname.lastname@example.org or call 1.800.492.5263 or 719.578.5263. Please include your name, address, phone number and the name/number of shares that you are transferring.
Remember that you should receive a tax letter from us within 45 days indicating the fair market value of the gift. If not, please let us know.
Also remember that many times your employer will count the value of the donation in their Matching Gifts program. If this is the case, please contact your employers HR department for how to have your gift of stock matched.