Ways to Give
In addition to its importance to your family and others for whom you wish to provide, a bequest in your will can be a vehicle for giving to WKU Public Radio. It is a convenient way to know your property will be put to good use after you no longer need it. A gift may be included in your original will or added as a codicil by your attorney at a later date. Gifts through wills are popular because they are easy to arrange.
Charitable Gift Annuity
A charitable gift annuity is a contract in which a donor exchanges a gift of cash or marketable securities such as stocks or bonds (including mutual funds) to the WKU Foundation on behalf of WKU Public Radio. In exchange, the donor and/or donor’s designee will receive fixed payments for life. The payment does not fluctuate with the economy, so you know exactly how much income you will receive. What’s more, you have no investment worries because the annuity payments are guaranteed by the Foundation until your death. Other distinct advantages include: tax deduction savings, partial tax-free income, potential capital gains tax savings and personal satisfaction from making a gift of lasting significance.
Charitable Remainder Trust
A charitable remainder trust provides income to the donor or other beneficiaries for life or a set term of years, leaving the remainder to WKU Public Radio via the WKU Foundation at the end of the trust. The flexibility of a charitable remainder trust allows a donor to design an arrangement specifically suited to his or her needs and to use various types of property in its funding.
Charitable Lead Trust
A charitable lead trust provides income to WKU Public Radio for a set term of years, after which the remainder may be transferred to the donor’s family or heirs. Lead trusts provide a charitable deduction to the donor for the interest income and, under the proper circumstances, can allow the donor to pass property to family members at a greatly reduced estate or gift tax cost.
A lead trust is often used in planning a sizeable estate, with advice being provided by legal and tax advisors having experience with the application of lead trusts in estate planning.
You can learn more with the links below, talk with your financial/legal professional or contact our Director of Development for a confidential follow-up or more information.