Planned giving allows individuals to make a charitable gift of estate assets, and by doing so the generous individual helps WDSC TV15 continue its long-term goals. With these gifts, donors make a meaningful and substantial contribution, and still meet their own financial goals. For additional information, please contact the station at 386-506-4464.
Wills & Trusts
Creating a will or making a simple revision to your will is an easy way to make a gift to WDSC TV15. You can specify a dollar amount, a piece of property, a portion of your estate, or the remainder once your loved ones have been taken care of. If you have a revocable living trust, a charitable gift through your trust may even reduce your estate taxes and can be postponed until all loved ones are provided for in the manner you deem fit.
No matter if your plan is a company pension plan or another private plan like an Individual Retirement Account (IRA), you may give excess funds, while you are alive (subject to minimum age requirements for penalty-free withdrawals) or at the time of your passing. In fact, upon your death, funds remaining in retirement accounts may be subject to high taxes if left to non-charitable heirs.
You can make charitable gifts of securities and other investments that increase in value. If these gifts are held for more than 12 months, they are exempt from capital gain taxes. Also, a tax deduction may be taken on the market value of the securities at the time of transfer. Gifts of appreciated securities are easy to make and can be made with or without a stockbroker.
You may name WDSC TV15 to receive all or some of the proceeds. A gift of life insurance is a great way to support public television if you no longer need the policy for its intended purpose.
Charitable Remainder Trusts
This is an excellent way to make a gift to WDSC TV15 that enables you to retain income from your property for life or for the period of time you specify. When the trust ends (at the death of the income recipient, or at the end of the time you specified) whatever remains in the trust is distributed to WDSC TV15. A tax deduction is allowed at the time you create the trust. The deduction amount depends on many factors, including income beneficiary age.
You can gift your home or certain other real estate and avoid capital gains taxes as well as qualify for a charitable income tax deduction. Another option is to donate your home while retaining the use of the property for as long as you live. In this way you obtain a tax deduction now, instead of later.
Note: The above text is not intended as legal or tax advice. WDSC TV15 recommends that you seek the advice and assistance of an attorney or other professional.