Gifts of Stock

Your broker can assist you in making a gift of stock via a direct transfer to the NET Foundation for Television and the NET Foundation for Radio. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.

If you would like to support public media in Nebraska by donating stock, please note the following:

NET’s foundation funds are managed by Union Bank. Donors must select one of two funds in which to deposit stock.

  • NET Foundation for Television: Account 6197
  • NET Foundation for Radio: Account 7236

To donate to both foundations requires two separate transfers.

Financial Representative: Sue Herman
Telephone Number: 402 323-1533
DTC Number: 2067

Agent Bank # or Institution #: 59527

Union Bank will need the following information:

  1. The donor’s name
  2. The name of the brokerage (where the stock will be transferred from)
  3. How many shares in the transfer
  4. The name(s) of the securities

Please inform the NET development office of stock transfers so that we can properly acknowledge your gift and forward information regarding your tax deduction. Contact:

John Knape
(800) 634-6788
jknape@netNebraska.org