How to be a Make a Gift of Appreciated Stock
Using securities that have gone up in value since you bought them is an excellent way to make a gift to Michigan Radio. In most cases you will be entitled to an income tax charitable deduction for the full fair market value of the securities on the date of the gift and will not have to report capital gain income.
You can even use securities to make your annual gift to the station.
Michigan Radio is part of the University of Michigan, and the DTC instructions for transfer of stock to the university’s broker, Bank of New York Mellon, are:
Account # N7M001483
Account Name: University of Michigan
Reference: (name of donor)
Before a transfer of stock is made, we ask that you please notify us with the name of stock and number of shares gifted so we can monitor our account for the expected transfer.
If you intend to transfer mutual fund shares to Michigan Radio (via the university,) please contact the Gift and Records Administration Securities Team at 877.647.9090 or email@example.com ahead of time with the mutual fund name. Certain mutual funds are not transferable to the university’s account with Bank of New York Mellon and special accommodations may need to be made for your gift.
You may also call Michigan Radio’s development director, Larry Jonas, at 734-764-9210 or send an email to firstname.lastname@example.org for additional assistance.