Using appreciated stock or mutual funds is a tax-wise way to fund your gift to CapRadio. Gifts of appreciated securities held longer than one year are exempt from capital gains taxes, and outright gifts entitle the donor to a tax deduction equal to the securities' fair market value at the time of transfer. To avoid exposure to capital gains tax, the stock must be transferred to CapRadio.
The University Foundation at Sacramento State manages our stock account. Stock donations are sold immediately, and proceeds go to support CapRadio operations.
Please share these instructions with your stock broker.
Important: Stock transfers to CapRadio arrive without any membership or contact information. We want to provide you with a letter for tax purposes and properly credit your gift. Please notify us with transfer details (your name, type of stock and number of shares) at [email protected].
Qualified Charitable Giving
If you are 70½ or older, you can make a tax-free gift directly to CapRadio from your Individual Retirement Account (IRA) now and for years to come. It’s a smart way to enjoy tax savings and support the mission of public media for Northern California.
Here’s how it works
Who?
You must be 70½ or older to make a Qualified Charitable Distribution (QCD) to CapRadio.
What?
You can give up to $100,000 per year from your IRA.
How?
Instruct your IRA custodian to send a specific dollar amount directly to CapRadio. (You cannot withdraw the funds yourself.) CapRadio’s tax ID number is 68-0223271. Your IRA custodian can send the gift by check or electronic transfer. Please let us know of your charitable intentions so we can ensure your gift is processed in an accurate and timely manner by emailing [email protected].
When?
Your gift must be completed on or before December 31 in order to count towards your Required Minimum Distribution (RMD) for the calendar year. For those using an IRA checkbook, please remember: the date of gift is when CapRadio receives the funds in our account, not when the check is postmarked. To avoid penalties for not taking your full RMD, be certain that checks from an IRA checkbook are sent in plenty of time to clear within the calendar year.
Benefits to you
RMDs: Your donation will count towards your RMD for the current year. Note that as of January 1, 2020, individuals must start taking RMDs at age 73. (Those who turned 70½ in 2019 must still take RMDs in 2019, 2020 and beyond).
Tax Savings: You can exclude up to $100,000 of this gift from your federal gross income — resulting in lower taxable income and possible tax savings (A $200,000 exclusion may apply for taxpayers who are married and filing a joint return).
Tip: This tax savings is especially valuable to donors who are non-itemizers and donors who have reached their limit on itemized charitable deductions.
Impact: You will have the personal satisfaction of benefiting our community more than you may have originally thought possible.
Please consult with your financial advisor about this special opportunity. For more information, please contact [email protected].
