Make Your End of Year Gift Today

Support KUTX

Make Your End of Year Gift Today

Posted by on Dec 30, 2013

It’s been a great year for KUTX and we couldn’t do it without the support of our listeners and sponsors. Thank you. If you haven’t pledged your support during one of our drives or made a contribution, please considering doing so before 2013 draws to a close. You could benefit from a tax deduction and we’ll do our part by keeping the great music going on programs like Twine Time with Paul Ray and Music with Susan.

Some additional things to know about giving at this time of year:

  • Receive a tax deduction when you make your gift before midnight on Dec. 31. Checks must be postmarked by Dec. 31 to receive a 2013 tax deduction.
  • Please mail checks to KUTX; PO Box 7600; Austin, TX 78712.
  • KUTX will email or mail you a tax receipt.
  • Sustaining Members – those being charged monthly – can make an additional one-time gift to receive a potentially higher tax deduction.
  • All Sustaining Members will receive a tax receipt in January 2014.
  • When you donate a vehicle, you will be given a $50 gas card after your vehicle is sold at auction.
  • Work with your company’s HR Department to get your gift to KUTX matched by your employer.
  • Gifts of Appreciated Securities (stock) are valued. To make your gift of stock, contact the UT System at 512-499-4300. You will be contacted along with your stock broker. Make sure you specify that you want the proceeds to go to KUT!
  • Here are a few, hopefully helpful, answers to additional questions you may have:

    Q. If I make a donation now can I get a tax benefit for 2013?
    A. All credit cards must be charged by December 31 to receive tax benefits for 2013. Please submit your donation online on or before December 31 to ensure your donation will count for 2013. All checks must be postmarked 2013.

    Q. I want to send you a check but I’m afraid it won’t get there by the end of the year.
    A. If the check is postmarked in the year 2013, then it can count on 2013 taxes. Credit cards must be charged by Dec. 31. If you want to ensure your credit card is charged in time, please submit your donation online.

    Q. Can you send me a tax receipt?
    A. Tax receipts will be sent the second week in January 2014. If we have your email on file we will also email a copy. If we do not have your email address on file we will mail it.

    Q. What does this whole Fair Market Value mean?
    A. The fair market value is the price of a gift had it been sold instead of given. You can get your tax deductible amount by decreasing the Fair Market Value of a gift from the actual amount you donated. Let’s say you gave $60 – and received a mug. The mug’s fair market value is $4. The total deductible amount of the gift is $56. When we mail your tax receipt, we will include the fair market value of any thank you gifts you requested and subtract it from your donation leaving you with your total tax-deductible contribution for 2013.

    Thank you so much for your support of KUTX in 2013. We are excited about the features, music and shows we have planned for you in 2014.