Other Ways to Give
There are a variety of ways to support the future of WRTI, such as through bequests, deferred or planned gifts, securities, or cash—your financial advisor can help determine the best way for you to ensure that generations to come will have access to quality, curated classical music and jazz through public media.
Contact Major Gifts Officer Vince Evangelista for more information. Email him at Vincent@wrti.org or call 215-204-7404.
WRTI’s Federal Tax ID Number: 23-1365971
1509 Cecil B. Moore Avenue, 3rd Floor, Philadelphia, PA 19121
Gift of stock
Giving a gift of stock is a wonderful way to unlock extra value to support the mission of WRTI. The financial benefits to you are twofold. First, you avoid the capital gains taxes you would have to pay if selling these appreciated assets. Secondly, you receive an income tax deduction based on the market value of the gifted stock. For stock transfer instructions, please contact Vince Evangelista at email@example.com or call 215-204-7404.
Donor Advised Funds
Donor Advised Funds can be used to make one-time or recurring gifts. You will receive an acknowledgment for your gift, but not a charitable receipt for tax purposes. This is because it is your contribution to your donor-advised fund that is tax-deductible, not your distribution to WRTI. Please direct your DAF distribution to Temple University - WRTI 90.1 FM and mail to 1509 Cecil B. Moore Avenue, 3rd Floor, Philadelphia, PA 19121.
The easiest and most common method of charitable planned giving is by means of a bequest in your will. A will is the legal expression of your wishes for the disposition of your property to take effect at death. Beneficiaries (the heirs who receive the bequests) are the individuals and organizations especially important to you. Whether for the entire estate, or any portion of the estate, a fixed amount or a percentage of total assets, bequests are easy to make.
Gift of retirement plan assets
Retirement plan assets are an excellent choice to fund a charitable gift to WRTI upon your death. If you leave your traditional IRA, 401k, 403b or other qualified retirement plan assets to anyone other than your spouse, the individual beneficiary will have to pay income tax on the funds received. By naming WRTI as the beneficiary of your retirement plan, the full amount of your retirement assets will benefit WRTI. Also, for those reaching age 70½, gifting the Required Minimum Distribution through a rollover is another way to support WRTI through a retirement asset.
Steady income for life: the charitable gift annuity
With a charitable gift annuity, a sum of money or certain other property is given to WRTI in return for fixed annual payments for you (and your spouse, if you wish). Gift annuities are especially attractive for older people, since payments are larger for those at older ages. If you have property (such as securities or real estate) that has increased in value, consider using it to fund a charitable gift annuity. The capital gains taxes which would be due if the property were sold can be deferred, or partially avoided, provided you have owned the property long enough for it to qualify as long-term property. An income tax deduction is allowed in the year the gift is made. It is based on the age(s) of the person(s) receiving the income, the frequency of payments, and other factors.
You can make a gift today and retain annual income for the remainder of your life or another period of time you choose through the use of charitable remainder trusts and other similar gift plans. These plans also yield an income tax deduction in the year the gift is completed. They may be used effectively in planning for retirement, caring for the elderly, or providing funds for educational expenses for children, grandchildren, or other loved ones.
Gift of life insurance
A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. To receive a deduction, designate WRTI as both the owner and beneficiary of the life insurance policy. Consult with your insurance agent for the details.
Gift of real estate
A residence, vacation home, farm, acreage, or vacant lot may have appreciated in value so much through the years that its sale would mean a sizable capital gains tax. By making a gift of this property instead, you would avoid the capital gains tax, and receive a charitable deduction for the full fair-market value of the property.
For more information, please contact Vince Evangelista at firstname.lastname@example.org or call 215-204-7404.
*Your donation is tax deductible to the extent allowable by law.