A gift of appreciated stock generally offers a two-fold tax savings. First, you avoid paying any capital gains tax on the increase in value of the stock. In addition, you receive an income tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent vehicle for stock that has appreciated substantially in value.Donating Stock to KCPW is simple and easy. We have an account at Wells Fargo Advisors, LLC where shares may be transferred or deposited for the benefit of KCPW. For step by step instructions, contact:
Wells Fargo Advisors, LLC
201 South Main, Suite 160
Salt Lake City, UT 84111
Nathan Smart, Managing Director / Investment Officer
Melanie McAlister, Client Associate
Stephanie Stoffers, Senior Registered Client Associate
If you have further questions or concern please contact Shelley Carpenter at 801-359-5279 ext 211 or email firstname.lastname@example.org.