bequests

You can make a gift to PBS12 through your will, or have your attorney add a codicil to your existing will. Gifts included in wills and living trusts are popular because they are flexible, easy to arrange, and may be changed with your life circumstances.

You can bequeath a specific sum, or a percentage of your estate or specific property.

Giving by bequest costs nothing now, yet it may give you satisfaction to know that your future gift will live on.

see sample bequest language and tax ID information

gifts of appreciated stock

A gift of stock can provide attractive tax savings – the first being that you can claim an immediate tax deduction. If the stock is worth more now than the amount you paid for it more than a year ago, you will be able to claim the full benefit of the stock’s current fair market value. You can also avoid capital gains tax.

Such gifts can result in maximum tax savings with little or no effect on your spendable income and be part of a strategy to periodically rebalance an investment portfolio in a tax-efficient way.

see information to give your broker

retirement plan gifts

If you are like most people, you probably will not use all of your retirement assets during your lifetime. When left to friends or family members other than a spouse, assets held in retirement plans and IRA accounts can be subject to as much as 70% in taxes.

If a nonprofit such as PBS12 is named as the beneficiary of all or a percentage of your plan, you avoid substantial estate and income taxes that would come due on the unused portion. Your other, less heavily taxed assets are then available to pass on to loved ones.

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retained life estate gifts

A retained life estate allows you to donate your personal residence (such as a home, cabin, or farm) while retaining the right to live on and use the property. When you make the gift, you retain the right to use the property for the rest of your life, a term of years, or a combination of the two. In exchange for your remainder interest gift, you receive an immediate income tax deduction.

This creative gift plan transfers your house to PBS12 but reserves a free lifetime tenancy to you. You can make a significant gift to PBS12 with the most valuable asset you hold, yet not disturb your living arrangements or your cash flow.

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gifts of life insurance

A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

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