The IRA charitable rollover allows taxpayers to make tax-free charitable gifts directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools.
Currently, the provision:
The provision was permanently extended on Dec. 18, 2015.
Click here for more information.
Making a legacy gift in your will or trust is one of the easiest ways to leave a legacy that will benefit WSLR+Fogartyville. When including a bequest provision in your will, always use our full legal name, WSLR, Inc., and provide our federal taxpayer identification number.
When you make a gift to WSLR, INC from your retirement plan, insurance plan or other assets, you make it possible for us to expand our programming and better serve our community. Best of all, these gifts are easy to make! Simply contact the firm that holds your assets and completing a beneficiary form.
Retirement funds gift
You can choose to name WSLR, INC as a beneficiary of a retirement plan and reduce your taxes and help local journalism thrive.
To name WSLR, INC as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
Life insurance policy gift
If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while enjoying tax savings during your lifetime.
If you have bonds that have stopped earning interest and you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds in which you so carefully invested. Since WSLR,INC is a tax-exempt institution, naming us as a beneficiary ensures that 100 percent of your gift will go to support our mission.
CDs, bank accounts and brokerage accounts
Naming WSLR, INC as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to support independent media.
Donor-advised fund residuals
Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. Please consider naming WSLR, INC as a successor of your account or a portion of your account value.
Some legacy gifts made to WSLR, INC can have substantial tax savings.
Retirement plan gift
You can reduce or even eliminate tax liabilities on your retirement plan by naming WSLR, INC as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with WSLR.
To name WSLR, INC as a beneficiary of your retirement plan, contact your plan administrator to see whether a change of beneficiary form must be completed.
Life insurance plan
If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for WSLR, INC.
Gifts of stock
Stocks, bonds and mutual funds that have appreciated in value are among the best ways to ensure that WSLR, INC can continue to thrive.
You may receive a charitable income tax deduction for the full market value of the stock up to a maximum of 30 percent of your adjusted gross income and avoid paying the capital gains tax on any increase in the value of the stock.
When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. You can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Since WSLR, INC is tax exempt, 100 percent of your gift of savings bonds will support our mission.
WSLR suggests that you consult an estate planning professional, such as your attorney and/or financial advisor, prior to establishing a program of planned giving. By calling 941.894.6469, WSLR can put you in touch with someone from our Planned Giving Committee to discuss these options in more detail.
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WSLR+Fogartyville is a center for creative expression and community engagement that amplifies the voices of our diverse community, and promotes peace, sustainability, democracy, and economic and social justice.