Cash or Cash Equivalent
A gift of cash is the simplest way to give. Cash gifts may be given as: (1) a one-timepayment, (2) a pledge to be fulfilled at a later date or over a specified period of time (e.g. monthly, quarterly, semi-annually and annually) or (3) a recurring (continuous) gift given at regular intervals (e.g. monthly, quarterly, semi-annually and annually) without an end date. Payment options include check or other cash equivalent, including credit/debit card charges, electronic fund transfers and physical delivery of cash.
Gifts of Marketable Securities (Stocks - Mutual Funds)
Transferring a gift of long-term appreciated stocks, those owned for more than one year, can provide significant tax advantages by allowing you to deduct the fair market value while paying no capital gain tax. Today, most stock transfers are easily made electronically from your broker account to the Relevant Radio account. Please contact Joe Draves at 1-877-291-0123 ext 7316 if you would like to know more.
Important:
Selling your stocks first and donating the proceeds may cause you to miss out on these tax benefits. Selling depreciated stock and donating the proceeds may also be tax advantageous to some, since you can generally claim the reduced value as a “loss” in your tax filing, in addition to the income deduction for the cash proceeds. As this is personal in matter, we highly recommend you seek the guidance of a professional financial planner/advisor, attorney or accountant to determine the arrangements that best serve your financial needs and philanthropic goals.
How to transfer stock to Relevant Radio by electronic wire or physical transfer:
If your stock is held by a traditional or electronic broker: Ask your broker to transfer your gift to the Relevant Radio account managed by The Pohlen Group (our Morgan Stanley broker) using the following information:
Account title:
Starboard Media Foundation, Inc.; dba Relevant Radio®
Account number:
332-064534
DTC Delivery Number (Depository Trust Company number):
0015
The Pohlen Group (Morgan Stanley)
Julie Schindler, Marc Terris or Larry Pohlen
8300 Norman Center Drive, Suite 1150
Bloomington, MN 55437
Phone: 952-841-6441 or 800-927-1990
Fax: 952-921-1944
If you possess stock in physical certificate form: You will need to sign a stock power for each stock certificate you transfer to Relevant Radio. If the stock certificate is registered in two names, both individuals need to sign the stock power, and the stock power must be signature guaranteed. Please contact us at 1-877-291-0123 for more details.
Mutual fund companies typically have their own guidelines for transferring their funds. Upon your direction, your mutual fund’s agent will transfer the shares to Relevant Radio.
Important: Whether you are electronically transferring stock, mailing a stock certificate or giving a mutual fund gift, please notify us. Knowledge of your gift allows us to track its progress, assign your gift correctly and provide you with an acknowledgement letter for your tax records.
