Giving Stock Gifts
Giving marketable securities including publicly traded stock, bonds, or mutual funds can be a tax advantaged way to make your generous gift to WVIA. Appreciated securities, particularly those held longer than one year, may reduce or avoid capital gains obligations and allow you to take a full tax deduction for the fair market value of the stock at time of transfer.
Once the transfer is complete, WVIA sells the stock and puts the proceeds to use supporting the programs and services you value and gives you the benefits of membership.
We encourage you to talk to your tax or financial advisor to better understand the implications of such a gift on your individual tax situation.
How to Make a Stock Gift to WVIA
You can make your gift one of two ways:
Electronic transfer through your bank or broker
To make a current gift of stock, please give your broker the following instructions for electronic delivery to WVIA.
Deliver to DTC 5198
Account number: (Please contact Ron S. Yanoski, Jr. at 570-330-8761 or Lynne Pouria Sandone at 570-602-1124)
Account name: WVIA’s (NE PA Educational TV Assn) Broker:
417 Lackawanna Avenue
Scranton, PA 18503
Please contact us at (570) 602-1124 Lynne Pouria Sandone or (570) 602-1134 for Ginny Fredmonski to notify us of the transfer details so that we can properly credit your gift and provide you with a letter for tax purposes.
Physical transfer of stock certificates
Although not recommended, you can also transfer the physical stock certificates to WVIA. Please contact Lynne Pouria Sandone, WVIA Controller at 570-602-1124 for further instructions to ensure the safety of your stock certificates.