Gifts of Stock
Stock or mutual funds that have been held longer than one year and have appreciated in value may be donated to WGVU and may provide you with tax savings.
When you give appreciated stock or securities, you avoid paying capital-gains tax on the increased value of your asset. You may also be entitled to a charitable tax deduction for the full fair market value of your stock.
When considering gifts of stock, we recommend you consult with your financial adviser.
How to Donate Stock to WGVU Public Media
When providing instructions to your broker, please be sure to have the stock transfer clearly designate the donation to Grand Valley State University – WGVU Public Media. WGVU Public Media is licensed through Grand Valley State University, and as such we share a Federal Tax Identification Number which is 38-1684280.
Your broker will need the following information to complete the transfer/donation:
- DTC# 0443
- Account # HPH589092
- Federal Tax ID # (EIN): 38-1684280
- Broker: Summit Brokerage Services, Inc. | 4120 Chicago Dr. Suite 1 | Grandville, MI 49418
- Summit Brokerage Services Broker Point of Contact for WGVU: Bernard Andersen (616)532-5855
Please notify WGVU of your pending stock donation so that we can appropriately credit your gift. Call Aaron Turner, WGVU Development Manager at (616) 331-6713 or send an email to firstname.lastname@example.org the name and estimated shares of stock you are giving to WGVU so that we may thank you in a timely manner when your gift is received.
Please Note: For tax purposes, the Gift Date is recognized as the date shares enter WGVU Public Media’s clearing account at Summit Brokerage Services, Inc. Your gift will be valued based on the average price (the mean between the highest and lowest selling prices) of the stock on the date received.