Your Bequest Expresses You
A charitable bequest is one of the most meaningful legacies you can provide for your favorite organization and can be an effective way to make a significant contribution that might not otherwise be possible.
Some donors designate specific gifts to family members and residual amounts to charities. In other situations, the reverse is more appropriate.
Typically donors make bequests to KUOW by:
- specifying a percentage of their estate
- naming a specific dollar amount
- giving the residue of your estate to KUOW
Here is an example of wording which you may wish to share with your attorney:
I leave to KUOW [the residue and remainder of my estate or a specific dollar amount or percentage] whose legal name is KUOW Puget Sound Public Radio and whose IRS Tax ID number is 91–2079402. I wish to allocate my gift for the following purposes:
- a general category of programming
- wherever the need is greatest at the time
If you wish to allocate your gift to a program category, please discuss this with a staff person at KUOW so that we can be sure to carry out your wishes appropriately.
The same tax ID number and wording applies to beneficiary designations of IRA’s and life insurance policies.
If you are interested in creating an endowed fund, please contact our office at 206.616.8967 or email@example.com to discuss your ideas.
Notifying the station in advance is one of the best ways to assure that your intentions will be carried out according to your wishes. While estate planning is for the most part a private matter KUOW likes to be able to thank legacy donors for their thoughtful consideration of the future of public media in the Northwest.
The above information is for example purposes only. It is KUOW’s understanding that prior to drafting a will, donors will discuss their unique situations with an attorney with estate planning background so that the plan design is suitable to their needs and the meets standards in accordance with Washington law.
ESTATE PLANNING TOOLKIT
If you are creating or updating your estate plan and don’t know where to begin—we can help! Contact us at firstname.lastname@example.org or call 206-462-9582 and we’d be happy to send you a free and helpful estate planning toolkit.
The toolkit includes:
- A practical step-by-step booklet on creating a will
- Resources for finding an estate planning attorney and executor
- Beneficiary designation language
- The “Guide to Effective Giving After Tax Reform”
We are also happy to help to answer any other questions over the phone or in person related to charitable giving. Please contact Melissa Laird, Philanthropy Officer, at 206-462-9582 or email email@example.com.