A gift of appreciated marketable stocks and securities to Blue Ridge Broadcasting provides you with significant tax advantages. You avoid capital gains taxes in the year your gift is given while potentially providing a charitable deduction for the fair-market value of your gift. Contact The Light FM's Donor Team to obtain specific securities transfer instructions.
If your securities have depreciated, it may be to your advantage to sell them first, then donate the proceeds to Blue Ridge Broadcasting. You may receive a tax deduction for your capital loss, in addition to receiving a charitable deduction for the amount donated.
You may also elect to make a gift of securities by naming Blue Ridge Broadcasting as a beneficiary, either through your will or through a beneficiary designation account at your security brokerage firms. While you will not receive a charitable contribution deduction on your income tax returns, you will reduce the size of your taxable estate. In addition, assets in a beneficiary designation account may avoid probate.
Contact us for more information to confidentially answer any questions you may have or to suggest ways you may maximize your gift.
Stock Donation Information
Morgan Stanley DTC Number: 0015
Contact Person is: Ryan Lopez , Registered Associate
Morgan Stanley Wealth Management
DeSoto Wealth Management Group
6805 Carnegie Blvd. Suite. 400
Charlotte, NC 28211
Direct phone: (704) 442-4807
For Benefit of: Blue Ridge Broadcasting Corp Account # 767-088906
Federal Tax ID number 56-0750258
Address: 3 PORTERS COVE RD. ASHEVILLE NC 28805
Contact name: Steve McPeters, Managing Director of Finance and Administration (smcpeters@brb.org OR giving@brb.org) (828) 285-8477 x 4030