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Tuesday, April 28, 2015

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Ways to Give
Memorial and Tribute Gifts
Charitable Remainder Trusts
Gift Annuity
Charitable Lead Trusts
Life Insurance
Life Estate and Securities
Federal Tax I.D. Number

As a person who has watched WGVU for many years, you share our desire to ensure we will be strong and vibrant in providing programs that educate, inform and entertain. The regular gifts from our members provide financial support for today’s needs. By remembering WGVU with an estate gift, you will enable us to build a firm foundation for tomorrow.

Remembering WGVU through your planned gift will help build a legacy that perpetuates our common interest in quality programs for generations to come. Your gift will have a significant impact on our ability to uplift and enrich the lives of people like you. Please look through the following information, or request one of our Remember WGVU brochures to find which of our planned giving options will work best for you.

WGVU does not provide advice on tax or legal matters. Because Michigan and federal laws govern many types of planned giving, you should consult with your attorney, financial planner or other professional tax and estate advisor.

Memorial and Tribute Gifts
Giving to honor and remember someone - or something -
important to you

Your gift of support for WGVU’s legacy may also include an enduring tribute to a family member, other loved one, or a cause you believe in. There may be no better way to honor someone than through a gift with lasting value.

WGVU can attribute program support, equipment and capital improvements to gifts made in memory of loved ones. We will be glad to assist you in choosing an appropriate commemoration for your gift in honor of someone or programs special to you.

Other options include giving a tribute gift to memorialize a friend or an organization. Such gifts can be made at any time and demonstrate your care and thoughtfulness for the person or organization you are honoring.

Memorial and tribute gifts can be made through cash, stocks, bonds, life insurance or other property. These gifts establish a legacy in memory or honor of a loved one, while making it possible for WGVU to serve others in our community.

The simplest way to Remember WGVU

A will is the simplest way to distribute your estate. By creating a will or having an attorney make a simple revision to your will, you can provide for the needs of loved ones and choose from a variety of ways to build a legacy for WGVU.

In preparing your will, you should think first about your family's needs. Then you may make a bequest of a certain dollar amount, a specific property, a percentage of your estate, or what is left after you have taken care of your loved ones. You may also wish to name charitable recipients in case one or more heirs do not survive you.

If you already have a will, your attorney can add a simple amendment (codicil) stating:

General Bequest:
"I give and devise to WGVU, A Michigan non-profit organization, the sum of $________ (or specific described property)…"

Residue Bequest:
"I give _____ percent of the residue of my estate to WGVU, a Michigan non-profit organization."

Charitable Remainder Trusts
Gifts that pay you income

A charitable remainder trust is a way to make a gift that provides you with income for life (or any period you specify up to 20 years). Your funds are held separately and professionally invested for payment of a fixed or variable income to you or someone else you name. When the trust ends (at the death of the income recipient or at the end of the time period you specified), whatever remains in the trust is distributed to WGVU to help sustain quality programs in the future.

You receive an income tax deduction when the trust is created. The size of the deduction depends on beneficiary age(s), the payments you receive and other factors. This option is an excellent way to avoid or defer tax on capital gains, to supplement your retirement income, or to increase the income from low-yield assets.

A charitable remainder annuity trust pays you a fixed income. You must set the income percentage (must be at least 5 percent of the initial value of the trust, and will be affected by size of the trust and type of assets) and receive that amount annually for the period of time you have chosen.

Gift Annuity
A gift that pays you a steady income

Gift annuities are an option to make a gift now and receive lifetime income for yourself, your spouse, or someone else you designate.

A charitable gift annuity is attractive because it combines a gift with steady income, an excellent rate of return, and tax benefits. You can create a WGVU gift annuity where we agree to pay you, your spouse or anyone else a fixed amount every year for life.

A deferred gift annuity lets you defer income from an annuity until retirement. This option provides an excellent way for younger people to help WGVU while preparing for their retirement. The gift is made now and the donor begins receiving regular income over a set number of years.

Charitable Lead Trusts
Giving a temporary gift

A charitable lead trust provides meaningful support for WGVU over a period of years while ensuring that the property will ultimately return to the donor or to loved ones. The lead trust is one of the few ways to reduce or eliminate taxes that otherwise would be due on assets left to children or grandchildren. It’s a special kind of giving that allows you to “lend” your assets to WGVU for a specific period of time, after which they would come back to you or to other persons you name.

And, in certain cases, you may be entitled to an income tax deduction for a portion of your trust. Check with your tax advisor to see if you would be eligible.

Life Insurance
Giving a large gift at a small cost

A simple way to make a significant gift in the future is to name WGVU as the beneficiary to receive all or a portion of the proceeds of a life insurance policy no longer needed for its original purpose. As life progresses, children become self-sufficient and investments may provide enough security for your future.

Another way to make a gift of insurance is to purchase a new policy, naming WGVU as beneficiary or co-beneficiary. By so doing, you may ensure a gift “on the installment plan” that may be much larger than its cost.

The gift of life insurance may entitle you to a deduction from your estate taxes at your death and may also quality for a deduction from your current income taxes. And if you transfer ownership of the policy to WGVU, your annual premium payments could be tax deductible.

Life Estate and Securities
Giving your home while continuing to live there

You may make a gift of a home, farm, or certain other real estate while retaining the use of the property for as long as you live by using the life estate arrangement. With this plan, you deed your home, farm or other real estate to WGVU. You continue to maintain the property, pay taxes and even receive any income the property generates for as long as you continue to live there. You receive an income tax deduction when you deed the property over. The property value will not be included in your estate, therefore reducing estate taxes.

Gifts of stocks, mutual funds or collectibles earn you an income tax deduction equal to the fair market value of the securities on the date of the gift. The transfer of appreciated stock to this station can also enable you to avoid capital gains taxes.

WGVU's Federal Tax I.D. Number

Your attorney may want WGVU's tax I.D. number. It is 38-1684280.


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Planned Giving to WGVU

WGVU can help you select a planned giving program that will benefit this station and you. Please consider a special gift to strengthen WGVU’s future. Long after your lifetime, you will still be making a mark on West Michigan through public broadcasting. WGVU is a wise investment for all who seek education, information and entertainment. You will be a part of our legacy of programs for all in this community who have their viewing and listening needs satisfied every day.

We welcome the opportunity to discuss these options with you in confidence. For more information, examples and to learn more about helping build our legacy, please contact:

Michael Walenta
Remember WGVU

301 Fulton St. W
Grand Rapids, MI 49504-6492
Phone: (616) 331-6737 or
(800) 442-2771

E-mail: walentam@gvsu.edu

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