Planned Giving Options

Bequests

Making a bequest, a gift through a will, allows you to retain ownership and control of all your assets during your lifetime when you may need them. A charitable bequest may also reduce the size of your taxable estate.
Benefits of Bequests:

  • The ability to designate a specific dollar amount or percentage of the net proceeds of the estate 
  • The ability to name Public Radio East as a secondary beneficiary, leaving the bulk of your assets to your family 
  • Reducing or avoiding federal estate taxation

Language for Bequests:
If you are interested in including Public Radio East in your estate plans, here is some information that you will need:

  • Our full, legal name is: "Public Radio East Foundation."
  • Our federal taxpayer identification number is: 56-1802728.

When including a bequest provision in your Will or Trust, always use the full legal name and provide the federal taxpayer identification number. We strongly recommend that you consult an attorney in the preparation of your Will and to supervise its execution so as to comply with your state requirements.

Retirement Assests

A gift of retirement assets (i.e., IRAs, 401(k), 403(b) accounts) to Public Radio East is a great way to fulfill your philanthropic objectives.  By naming the Public Radio East Foundation as a beneficiary of your retirement accounts, you can leave a wonderful legacy to help provide quality public radio for Eastern North Carolina.

Benefits of Gifting Retirement Assets:

  • Avoiding income tax; the income of the retirement asset will be taxed at the income tax rate of your beneficiaries 
  •  Reducing or avoiding federal estate taxation 
  •  Avoiding state inheritance tax (varies by state)
  •  The ability to name the Public Radio East Foundation as a secondary beneficiary, leaving the bulk of your assets to your family

Charitable Gift Annuities

An annuity is a contract or agreement providing for the payment of a sum yearly or at other regular intervals. A charitable gift annuity is a wonderful way to benefit Public Radio East while simultaneously receiving a fixed income during the income beneficiary's lifetime.

Benefits of Charitable Gift Annuities:

  • Receiving a lifetime payment 
  •  Avoiding capital gains taxation
  •  Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives.

Charitable Remainder Trusts

A Trust is an entity created by a document in which one person gives assets to a trustee to benefit another person or a charity.  By creating and funding a charitable remainder trust, you can make a significant future gift to Public Radio East, while you and/or a beneficiary (or beneficiaries) designated by you, receive annual income.

Benefits of Charitable Remainder Trusts:

  • Provides income for you or a designated beneficiary  
  •  Avoiding capital gains taxation 
  •  Qualifies for charitable income tax deduction

Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives.

Appreciated Securities

A gift of long-term appreciated securities is frequently the most economic way for supporters of Public Radio East to make a charitable contribution.

Benefits of Gifting Appreciated Securities:

  • Increasing the size of your gift, while lowering your net-after-tax cost
  • Being eligible to receive a charitable income tax deduction for the full fair market value of your shares
  • Eliminating capital gains on the appreciation of your shares 

Appreciated Securities Can Be:

  • Given annually or as a one-time contribution 
  • Used to establish a planned giving vehicle, such as a charitable gift annuity or charitable remainder trust

Life Insurance

When making a life insurance gift to Public Radio East, you may contribute an existing life insurance policy that your family no longer needs or you may establish a new policy with Public Radio East named as owner and beneficiary.

When you give an existing policy, you may qualify for a charitable income tax deduction based upon the cash surrender value of the policy on the date of the contribution. For new policies, you may deduct the amount of your premium payment as long as it is provided directly to the Public Radio East Foundation.

Benefits of Gifting Life Insurance:

  • Advantageous tax deductions 
  •  Ability to make a contribution without disturbing other assets 

Real Estate

Gifts of real estate can be an effective means of planning a gift to Public Radio East.  Generally speaking an acceptable piece of property is one that can be readily sold.

Benefits of Gifting Real Estate:

  • Advantageous tax deductions 
  •  Ability to make a contribution without disturbing other assets  
  •  Eliminating capital gains on the appreciation of your property

Thank you for your consideration.

Thank you for considering Public Radio East in your philanthropic planning.  We look forward to working with you to determine how a planned gift can satisfy your overall financial and personal goals while providing a secure future for Public Radio East.
If you have already included Public Radio East in your estate plans, please let us know.  We would welcome the opportunity to thank you for your gift.  All consultations are held in strict confidence.