How it Works
You transfer appreciated stocks, bonds or mutual fund shares you have owned for one year or more to Far East Broadcasting Company. Far East Broadcasting Company sells your securities and uses the proceeds Where Most Needed or to support the program you choose.
Benefits
You receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
You pay no capital gains tax on the transfer.
In some instances, giving appreciated stock could be more beneficial than giving cash.
How do you know this gift is right for you?
A gift of appreciated securities may be right for you if…
You’re holding stocks, bonds, or mutual fund shares that have increased in value.
You want to make a gift that doesn’t affect your liquidity or cash flow.
You want to diversify your assets to increase your income without having to pay capital gains taxes resulting from a sale.
How to Make a Gift of Stock to FEBC
Giving to FEBC through the gift of stock is a simple and tax-savvy way to invest in the Great Commission.
To transfer shares of appreciated stock held in a brokerage account, provide the following information to your stockbroker:
Electronic Donations to:
- Charles Schwab
- Far East Broadcasting Company, Inc. – Account #2332-6109
- DTC Clearing #0164, Code 40
- Far East Broadcasting Company Tax ID #: 95-1461574
To transfer actual stock certificate(s), or if you have any questions, please contact:
Sandy Wilson, Director of Development
Far East Broadcasting Company
562.448.1756
swilson@febc.org
Acknowledgement Process
All donors of non-cash stock gifts will be sent an acknowledgement letter denoting the date the stock was received into the FEBC Schwab account, type of stock received and number of shares. This information may be used for tax reporting purposes.
