Leave a Lasting Impact With a Planned Estate Gift to West TN PBS
Consider leaving a lasting impact with a gift to West TN PBS WLJT-TV 11 by putting WLJT-TV in your will. Your planned gift will ensure that WLJT-TV will be a voice for all throughout West TN in the years to come.
Getting Started
with your
Planned Giving
Will or Trust
To name West TN PBS as a beneficiary in your will or trust, you must include a provision that clearly expresses your charitable intentions. To make this process easier, here is suggested language for you and your advisor to consider.
To name West TN PBS as a primary or contingent beneficiary of a financial account and/or life insurance policy, you will need our legal name, address, and tax-identification number.
Giving cash is a simple and popular way to support public media now and in the future. Your gift of cash can also bring attractive benefits to you. A popular benefit is the charitable tax deduction. In addition to the tax savings, you will be able to immediately witness and enjoy the impact of your support. Should you decide to give cash later through your will or living trust, your estate may be able to claim an estate tax deduction.
Regardless of whether you decide to give now or later, your gift of cash can help you and West TN PBS make a real and lasting difference in our community. To learn more about making a gift of cash, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Your gift of publicly traded stock can help you and West TN PBS yield high returns for education, the arts, and culture in our community. Your gift of stock can also provide attractive tax savings. The first being that you can claim an immediate tax deduction. If the stock is worth more now than what 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 when you donate as opposed to selling this appreciated stock.
You may find that these tax savings can help you make a larger gift than you originally thought possible. Giving stock can help you and West TN PBS convert your stock market gains into real community change. To learn more about giving publicly traded stock, mutual funds, and other investments, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Did you know that retirement plans/accounts funded with pre-tax earnings are often subject both to income and estate taxes when children or others are named as your beneficiaries?
By naming West TN PBS as a beneficiary of your IRA, 401(k), and/or 403(b), you will be assured that every dollar will be used for a charitable purpose (like educational programming) and shielded from income or estate taxes. You can then work with your advisors to identify other assets that are better suited to leave to your loved ones. Another great benefit of naming West TN PBS as a beneficiary of your retirement assets is this option avoids the possible delays and various costs associated with probate administration.
By making a gift of your retirement benefits to the station, your charitable wishes for our community can be fulfilled with greater ease and efficiency. To learn more about making a gift of retirement assets, contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Years ago, you may have purchased life insurance to ensure the financial security of your family. Today, your family circumstances may have changed and that policy is no longer needed for its original purpose. If so, perhaps you should consider making a gift of that policy to West TN PBS?
By giving outright and complete ownership of a partially or fully paid-up life insurance policy, you will be able to claim an immediate tax deduction. The amount of this deduction is based on the lesser of the policy’s fair market value or the net premiums paid. Another easy option for giving life insurance is to name West TN PBS as a primary or contingent beneficiary of your new or existing policy.
Regardless of when or how you decide to give, your life insurance policy can help ensure the security of our community for many years to come. To learn more about making a gift of life insurance, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
A gift of tangible personal property can include items such as artwork, jewelry, antiques, and other physical objects. By donating your personal treasures to the station, you can help build precious value in our community. You can also enjoy a number of personal benefits by making an outright gift of property.
One popular benefit is the charitable tax deduction. This deduction is maximized when you donate property that: (1) has increased in value since the time you acquired it, (2) you've owned the property for more than one year, and (3) the property's use is related to the purpose and work of the station (like delivering education programming to children). You will also be able to avoid capital gains tax when you give the station your appreciated property. You can also give property later through your will or living trust.
Even without using cash, you can help fill our community chest with treasures that only public media can deliver. To learn more about making a gift of tangible personal property, please contact us at (731) 881-7561.
A gift of real estate can include personal residences, vacation homes, rental property, and farmland. You have a number of options for making a gift of real estate to West TN PBS: (1) gift outright and claim a tax deduction, (2) give later through your will or revocable living trust, (3) deed the remaining interest of your personal residence to West TN PBS (retain the right to remain in the home for life and receive a tax deduction).
Through a gift of real estate, you can perhaps make a much larger gift than you otherwise thought possible, avoid income and estate taxes, and minimize or eliminate burdens placed on your loved ones. To learn more about giving real estate, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Please consult with your professional advisor for advice on the full impact of your charitable giving on your financial and/or legal circumstances.
How to Give
Making a gift in your will or revocable living trust is a meaningful way to ensure the promise of public media is kept for future generations. Naming West TN PBS as a beneficiary in your will or living trust can be done at any time. You can add a charitable provision to an existing document or express your wishes in a new one.
Here are some ideas on how to make a gift to the station in your will or living trust: (1) You can give a specific dollar amount or property item, (2) You can give a percentage of your asset(s), (3) You can give all or a portion of what remains after gifts to other beneficiaries such as your family and friends have been made, or (4) Your gift can be contingent upon special circumstances or events.
No matter the form or size, a gift in your will or living trust can help ensure public media remains a vital resource for our community for many generations to come. To learn more about making a gift in your will or trust to support the future of West TN PBS, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Naming West TN PBS as a beneficiary of your financial accounts, retirement assets, or life insurance is an effective and efficient way to support the future of public television in our community. Making a gift through a beneficiary designation is a simple and convenient three-step process: (1) Contact your financial institution, retirement plan administrator, or life insurance company and request a beneficiary designation form, (2) Complete the form to designate West TN PBS (Tax ID number 62-1177950) as a primary or contingent beneficiary of your assets, and (3) Return form to your financial institution, retirement plan administrator, or life insurance company and then contact West TN PBS to share the wonderful news!
A beneficiary designation can also help avoid the expenses and possible delays experienced with the probate process. To learn more about naming West TN PBS as one of your beneficiaries, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
A charitable gift annuity is a simple way to support the future of public media in our community and enhance your financial security at the same time. Here's how it commonly works: (1) You make a gift of cash and/or appreciated stock to fund a charitable gift annuity for the benefit of West TN PBS, (2) Fixed payments will then be made to you for life and, if desired, for the life of a loved one such as a spouse or sibling, (3) The amount of the fixed payments will depend on the annuity rate for the age of the person(s) who will receive the payments, and (4) The gift portion of the annuity will become fully available to West TN PBS only after the annuity ends.
Benefits include (1) If you itemize deductions on your federal income tax return, you can claim an immediate charitable tax deduction for a portion of your gift, (2) You will receive fixed payments for life (a portion of which are nontaxable for a period of time), (3) Your estate may enjoy reduced probate costs and estate tax, and (4) You will have the satisfaction of knowing the impact of your gift will be multiplied when combined with the gifts of others.
To learn more about establishing a charitable gift annuity to support the future of West TN PBS, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
If you wish to support public media in a larger way but still wish to retain an interest in your property for your benefit or the benefit of your family, a charitable remainder trust (“CRT”) may be a flexible option for you. Here's how it commonly works: (1) You make a gift of cash and/or appreciated stock which are then placed in an irrevocable trust, (2) The trust will then pay you and/or a person you choose regular payments for life or a period of years, (3) You can select a payout rate that meets your needs and passes certain tax regulations, (4) You may choose to receive fixed payments (annuity trust) or one that changes with market conditions (unitrust), and (5) Once the trust ends, the remaining assets in the trust will pass on to West TN PBS and any other charities you decide to name.
Benefits include (1) You will be allowed an immediate charitable deduction for a portion of the gift if you itemize deductions on federal income tax return, (2) You will receive annual payments for life (a portion of the payments will be tax free for a period of years), (3) Your estate may enjoy reduced probate costs and federal estate tax, and (4) You will have the satisfaction of knowing the impact of your gift will be multiplied when it's combined with the gifts of others who equally believe in the power of public television.
To learn more about creating a charitable remainder trust to support West TN PBS, please contact us at (731) 881-7561. We would be honored to work with you and your advisors as you consider your plans.
Please consult with your professional advisor for advice on the full impact of your charitable gifts on your financial and/or legal circumstances.
GETTING A TAX REFUND?
Use your tax refund (or part of it) for good in the community!Keep it local and donate to West TN PBS. Your tax refund gift will help us produce local programs and events right here in West Tennessee.