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Please note
that gifts of this nature should be carefully considered in relation to your comprehensive
financial and estate plans. We strongly recommend that you consult an attorney
in the preparation of your will and to supervise its execution so as to comply
with your state requirements. The following are examples for illustration only.
- When including a bequest provision in your will, always use the full legal
name and provide the federal taxpayer identification number.
- Our full,
legal name is: "White Ash Broadcasting, Inc."
- Our federal taxpayer identification number is: 94-229-7746.
Bequests
for Unrestricted Purposes Unrestricted gifts are to be used for the greatest need at the time to be determined by the Board. A general unrestricted bequest is especially valued by us.
- For a bequest of securities, the possible
language is: "I give White Ash Broadcasting, Inc. all of my shares of XYZ stock
or mutual fund to be used for the benefit of FM89, Valley Public Radio." -
For a bequest of cash, the possible language is: "I give to White Ash Broadcasting, Inc. the sum of (Amount) to be used for the benefit of FM89, Valley Public Radio."
If you do not want to specify the exact amount or nature of the intended
gift, perhaps because the size of the future estate is difficult to estimate,
a proportional bequest is often the best way to accomplish your goals. We would
receive a percentage of the estate or the residue of the estate, after all other
provisions have been met.
- Possible language is: "I give to White Ash Broadcasting, Inc. (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of FM89, Valley Public Radio." Contingent Bequest A contingent bequest takes effect only if the primary intention cannot be met (e.g. if the primary beneficiary does not survive the donor). This ensures that property will not be distributed to unintended beneficiaries.
-Possible language is: "If (name of primary beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to White Ash Broadcasting, Inc. all of the rest, residue, and remainder of my estate, to be used for the benefit of FM89, Valley Public Radio."
Bequests for Restricted Purposes If you would like to honor a family member, a special person or provide support for a specific program or department that was meaningful to you, then you can designate your bequest specifically for that purpose. You simply use any form of the possible language included above, and replace "to be used for the benefit of [ insert purpose or intent ]" with the specific designation. Often specific guidelines govern the use of these types of funds. Therefore, we recommend that you contact us to discuss your restricted gift. We are here to help you as you plan.
If you already have a will A codicil is a written change or amendment to a will. Click here for a printable copy of what a codicil would look like. Please remember to consult your attorney to make sure you are properly advised. Thank you for remembering FM89, Valley Public Radio.
If you would like to discuss planning a gift to Valley Public Radio, please call or e-mail Development Director Renee Torres Machi (rmachi@kvpr.org) or President Mariam Stepanian (mariam@kvpr.org) at 559 275-0764.
Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use & privacy policy. The content in this Planned Giving section has been developed for Valley Public Radio by Future Focus under an exclusive licensing arrangement with MajorGiving.com, LLC. Please report any problems to content provider. Revised: January 15, 2010, 10:00.
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