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The WHQR Legacy Society: planned giving for enduring impact
Give a Lasting Gift to Public Radio:
Remembering WHQR in your will, trust, or insurance plans provides a lasting legacy to others for years to come. Your gift helps ensure the future of public broadcasting in our region – now more than ever a valued source of information, inspiration, and entertainment. The WHQR Legacy Society consists of supporters who have made formal provision for WHQR's future in their long-term giving plans.
Leaving a legacy gift can be done in many ways, some rather uncommon -- see the list below. The most common means are by a simple bequest in your will, trust, or general estate plans. With this type of gift, you will have the satisfaction of knowing that the public service broadcasting you have enjoyed throughout your lifetime will be supported with your legacy gift for generations to come. Insurance plans are also frequent option, with the station as a beneficiary. You could even qualify for a tax deduction if a payment to the station is designated to purchase such insurance.
How to Proceed with a Legacy Gift
Because such gifts are such a personal matter, we suggest two things:
- Talk with your financial adviser, attorney or estate specialist about organizations you wish to support and find out the best options for your circumstances.
- Let WHQR know that you are planning to make such a gift, or if you have other questions for us.
For estate planning purposes, WHQR's legal name and address are:
Friends of Public Radio, Inc.
254 N. Front Street, Suite 300
Wilmington, NC 28411
Our IRS non-profit number is 58-1399301.
If you would like to speak to someone at WHQR directly, email Mary Bradley, Development Director, or call her at 910-343-1640.
11 Ways to Make a Gift to WHQR:
1. Cash: You can deduct cash gifts up to 50 percent of adjusted gross income. On a $10,000 cash gift in a 28 percent tax bracket, you save $2,800 in taxes. Talk to your accountant.
2. Multiple-Year Cash Pledge: You can deduct cash pledged over a period of years, up to 50 percent of adjusted gross income for the portion given each year. On a $50,000 cash gift over five years ($10,000 each year) in a 28-percent bracket, you save $2,800 in taxes that year.
3. Bequest through Will: One of the simplest ways is to give of your estate. You can make a gift bequest—after others have been provided for—of a dollar amount, specific property, a percentage of the estate, or the remainder to WHQR/Friends of Public Radio, Inc..
4. Outright Gift of Real Estate: One of the most overlooked gift forms is real estate. A gift of land, a house, or vacation home is a perfect gift. You will impact generations of kids—and receive a tax deduction for the full fair market value, as well as avoiding all capital gain taxes.
5. Retirement Accounts: Retirement Account Funds (IRAs or company plans) beyond the comfortable support of yourself or loved ones may be given (like life insurance proceeds) to WHQR/Friends of Public Radio, Inc. by proper beneficiary designation.
6. Personal Property (Collections-Royalty Rights, etc.): Gifts of personal property are always welcome, including collections, royalty, and mineral rights. Charitable tax deductions are available in the year of the gift.
7. Appreciated Stock: Appreciated stock (held more than one year) makes an excellent gift. Avoid all capital gain taxes, receive a tax deduction, and deduct up to 30 percent of your adjusted gross income.
8. Bonds, Mutual Funds: Bonds and mutual funds are similar to cash in their tax treatment. State, Municipal, and U.S. Government Bonds are welcome.
9. Gift of Life Insurance: A simple way to make a significant gift is to name WHQR/Friends of Public Radio, Inc. beneficiary to receive all, or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value, thus reducing your tax liability in the year of the gift.
10. Real Estate with Life Tenancy: Receive a substantial income tax deduction by giving (deeding) your home or farm to WHQR/Friends of Public Radio, Inc. now. You continue to live there, maintain the property as usual, and even receive any income it generates. At your death, WHQR/Friends WHQR/Friends of Public Radio, Inc. will convert your property into cash to support the goals of the campaign.
11. In-Kind Gifts: Gifts of goods or services are welcomed by WHQR/Friends of Public Radio, Inc. with prior approval by the Campaign Steering Committee. Ordinarily these gifts will be credited toward the campaign at their full fair market values as determined by appraisal or other appropriate valuation techniques.