The gift of an asset, such as common stock, is a rewarding way to support the mission of Hope Media Group and receive tax benefits based on the value of the gift.
Because Hope Media Group is a qualified charitable organization, any gift to us is eligible for an income tax deduction. If you have owned the stock for a year or more, you can donate the stock itself without cashing it in. If you donate appreciated stock instead of cash, you also avoid any capital gains tax that would be due if you first sold the stock and then donated the proceeds. That saves you both the capital gains tax you would incur on the sale and gives you the charitable giving benefit. See the illustration.
Capital gains tax dollars are redirected to ministry and the full value of the appreciated stock is tax deductible for eligible taxpayers!
TRANSFER SECURITIES
To transfer securities as a donation to Hope Media Group, please instruct your broker to transfer your shares from your account to Hope Media Group.
YOUR BROKER WILL NEED THE FOLLOWING INFORMATION:
DTC Number: 0164
Brokerage Firm: Charles Schwab
Account Number: 5219-3442
Name on Account: Hope Media Group
Tax ID#: 74-2162248
OUR ADVISOR MAY BE CONTACTED AT THE FOLLOWING:
Colby Wright, Cornerstone Management
Email: Colby.wright@cornerstonemgt.net
Phone: (770)449-7799 ext. 226
Please provide the following information about you and your gift. Because there is no notification from the transferring company as to whom the shares are from, this will facilitate proper acknowledgement of your gift.
Please contact us if you have questions about your gift of stock at :
Hope Media Group
21620 Valley Ranch Parkway New Caney, TX 77357
Email: futurehope@hopemediagroup.com
Phone: 1-883-876-4673