Gifts of Stock
GIFTS OF STOCK/APPRECIATED PROPERTY
Appreciated assets, such as stocks that have been held longer than one year and have appreciated in value, may be donated to KMFA Classical 89.5 and may provide you with tax savings. KMFA Classical 89.5, a 501(c)(3) tax-exempt organization, is licensed to Capitol Broadcasting Association, Inc., as a public service, community funded station.
When you give appreciated assets, you avoid paying capital-gains tax on the increased value of your stock. You may also be entitled to a charitable deduction based on the stock's current value. Contributing stock is a great way to enjoy membership in KMFA with associated benefits. A gift of $1,000 qualifies you for membership in KMFA's Masters Circle.
When considering gifts of stock, we recommend you consult with your financial advisor.
Your broker will need the following information:
FROST BROKERAGE SERVICES
Rickey F. Franklin
Centralized Associate Advisor | Frost Brokerage Services, Inc.
Frost – Banking, Investments, Insurance
100 West Houston Street, San Antonio, TX 78205
Office: (210) 220-6646 | 800-292-1292| Fax: (210) 220-4760
Rickey.Franklin@frostbank.com | www.frostbank.com
DTC ROUTING INSTRUCTIONS
National Financial Services
DTC Number: 0226
Account Number: 037-287520
Account Name: Capitol Broadcasting Assn., Inc. dba KMFA Classical 89.5
Federal Tax ID: 74-6076827
It is important to notify KMFA when you have completed your request to your broker. Please alert KMFA directly of your pending stock donation (including the company and number of shares) so that we can credit your gift in a timely and accurate manner. To ensure proper gift identification, please call David Hammond at 512-476-5632 or send an email to firstname.lastname@example.org.