Appreciated Stock or Securities
Stock or mutual funds that have been held longer than one year and have appreciated in value may be donated to WETA 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 WETA
When providing instructions to your broker, please be sure to have the stock transfer clearly designate the donation to the Greater Washington Educational Telecommunications Association, Inc. (WETA). Our Federal Tax Identification Number is 53-0242992.
Your broker will need the following information to complete the transfer/donation:
- DTC# 5198
- Account # 7wd-04255
- Merrill Lynch, 1152 15th St., NW, Suite 6000, Washington, DC 20005
- Broker: George L. Balboa, Jr., (202) 659-6112; George_Balboajr@ml.com
Please notify WETA of your pending stock donation so that we can appropriately credit your gift. Call Debbie Eliason at (703) 998-1834 or send an email to firstname.lastname@example.org with the name and estimated shares of stock you are giving to WETA so that we may thank you in a timely manner when the gift is received.