How to Build a Legacy

The Benefits of Wise Giving

Planned giving is one of the best ways to make a larger, lasting contribution to a cause that matters to you. Your gift to Friends of WSGD-LP Suga 95.7 FM will help us make a difference.
A few different gift options are available to you. Let us work with you to find the charitable plan that allows you to not only provide for your family but also support your Friends of WSGD-LP Suga 95.7 FM.

Here are the options that may work best for you:

Charitable Amounts

Less than $25,000 (make this a link) Popular options in this range include:

Outright gift of cash

The Strength of Your Gift of Cash

Watch your generosity work for you

A gift of cash is one of the easiest and most popular ways for you to support Friends of WSGD-LP Suga 95.7 FM. This cash can be provided through the following means:

An outright gift. We are enabled to be successful daily, in carrying out our mission and meet our most urgent needs when you make a cash gift by check, credit card or money order today. This will allow you to see the strength of your generosity in action. It will also enable you to receive a federal income tax charitable deduction when you itemize. Submit few details and see how an outright gift can meet some of our most pressing needs.

A payable on death (POD) account. With a POD bank account or certificate of deposit, you are able to name one or more persons or charities as beneficiary of all funds once you, the account owner, pass away. The named beneficiary has no rights to the funds until after your lifetime. Up to that time, you have all control of the account and can use that money if you choose, change the beneficiary or even close the account.

Cash donations can also be made as part of the gift types below. Click on the links below to learn more.

Other Cash Uses
A Gift in your will or living trust

Your desire is to leave money in your will to Friends of WSGD-LP Suga 95.7 FM. However, you also want flexibility that allows you to alter that will if circumstances in your life change. You can do both.
With very little effort, you can complete your gift. A donation such as this to Friends of WSGD-LP Suga 95.7 FM designated in your will or living trust, will help ensure we can continue our mission for years to come.

The Advantages of a Charitable Remainder Trust

Charitable remainder trust should be a consideration if you have built a size able estate and are trying to find ways to receive reliable payments as well.

There is the possibility that these types of gifts may offer you tax benefits as well as the option for income. Here are two ways in which you may receive payments:

Annuity trust, which pays you each year, the same dollar amount you choose at the start. Payments will stay the same, regardless of fluctuations in trust investments.

Unitrust which pays you a variable amount each year, based on a fixed percentage of the fair market value of the trust assets. Your payments are redetermined annually. These payments increase if the value of the trust increases and decreases if the value decreases.

Charitable Lead Trusts and Your Options

There are benefits to be gained from the tax savings that result from supporting Friends of WSGD-LP Suga 95.7 FM. This is especially true in the case of donations in the form of a charitable lead trust. Importantly, with this option, there is no need to give up the assets that you want your family to receive someday.
Making payments to the Friends of WSGD-LP Suga 95.7 FM can be done in two ways:
Through a charitable lead annuity trust, which pays a fixed amount each year to Friends of WSGD-LP Suga 95.7 FM. This option is even more attractive when interest rates are low.

Through a charitable lead unitrust, which pays a variable amount each year. This is based on the value of the assets in the trust and if the trust’s assets go up in value, for example, the payments to the Friends of WSGD-LP Suga 95.7 FM go up as well.

Donor Advised Fund

Donor advised fund (DAF), is like a charitable savings account. It provides the flexibility of recommending how much and how often money is granted to Friends of WSGD-LP Suga 95.7 FM and other qualified charities. A grant or recurring grants may be recommend now that will have immediate impact. You could also use your fund as a tool for future charitable gifts.

Additionally, you can create a lasting legacy by naming Friends of WSGD-LP Suga 95.7 FM as the beneficiary of the entire account or a percentage of the fund. A family legacy of giving can be created by naming your loved ones as your successor to continue recommending grants to charitable organizations. Your fund administrator can provide you a beneficiary form.

Memorial or tribute gift

Friends of WSGD-LP Suga 95.7 FM will help you honor that special someone in your life. You can establish a memorial or tribute gift in that loved one’s name as a meaningful way of honoring your loved one. You could also use this tribute gift as a way of celebrating a special occasion such as a birthday, while still supporting our mission. This gift will be a lasting tribute to your loved one and will, at the same time, make a difference in the lives of those we serve.

Endowed Gifts

When Friends of WSGD-LP Suga 95.7 FM receives an endowment gift today it ensures a brighter future. This donation to our endowment, is a gift with both immediate and long-term benefits.
Endowment donations are invested. Immediate needs at Friends of WSGD-LP Suga 95.7 FM are addressed from a portion of the annual income from the investment. The remaining funds are reinvested to ensure indefinite support.

Outright gift of appreciated securities

Securities and Mutual Funds as Donations

You can receive a Tax Deduction for Using These as Gifts

One of the most popular assets to use when making a gift to Friends of WSGD-LP Suga 95.7 FM are securities and mutual funds that have increased in value and been held for more than one yea. The advantage to you is the chance to support our work while realizing important benefits for yourself.

The good news is that you can reduce or even eliminate federal capital gains taxes on appreciated securities or mutual funds that you have held more than one year, when you transfer any of this to us in support of our mission. Additionally, you may also be entitled to a federal income tax charitable deduction, based on the fair market value of the securities at the time of the transfer.

The forms in which securities are most often used to support our work are:

An outright gift. A donation of securities to Friends of WSGD-LP Suga 95.7 FM, will enable you to receive the same income tax savings that you would if you wrote a check to us, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent.

A transfer on death (TOD) account.* By designating your brokerage or investment account as a TOD, ensures funds are paid over to one or more persons or charities after your lifetime.
The links below provide additional ways to fund your gift:

*State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.

Beneficiary Designations

Many people prefer the increased flexibility that a beneficiary designation provides in contrast to committing to making a gift in their will or estate .So they use:

  • IRAs and retirement plans
  • Life insurance policies
  • Commercial annuities

Only three simple steps are involved in making this type of gift. This is how you can name Friends of WSGD-LP Suga 95.7 FM as a beneficiary:

1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
2. Determine the percentage (1 to 100) you would like to donate to us and name us, along with the percentage you chose, on the beneficiary form.
3. Return the completed form to your plan administrator, insurance company, bank or financial institution.

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