Legacy / Planned Gifts

A Tax-Smart Way to Support All Classical Radio! The IRA Charitable Rollover can provide you with an excellent opportunity to make a gift during your lifetime from an asset that would be subject to several levels of taxation if it remained in your taxable estate. Under the Protecting Americans from Tax Hikes Act of 2015 – now with no expiration date – donors over the age of 70½ can distribute up to $100,000 in a calendar year from an IRA to All Classical Radio or other charities, tax-free. This distribution to charity can be a significant benefit for IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes.

There are distinct income tax advantages of giving securities over cash, and the benefits are twofold: you will receive a deduction for the fair market value of the stock (up to 30% of your adjusted gross income), and capital gains taxes do not apply. Charitable gifts of appreciated securities make sense now more than ever.

A provision in a will for All Classical Radio allows for a substantial contribution without diminishing assets during one’s lifetime. Naming All Classical Public Media, Inc. (tax exempt ID 93-1042868) in your will or Living Trust is an easy way to make a timeless gift. You may choose to leave a specific amount of cash, securities, or other assets; a percentage of your total estate; or the residual assets after other commitments have been fulfilled. Since bequests for All Classical Radio are deductible from the estate, significant tax savings are possible.

Making a gift of a qualified retirement plan asset such as a 401(K), 403(b), IRA, Keogh or pension plan is another way to benefit All Classical Radio and receive significant tax savings. Retirement plan assets are fully taxable when received by an individual beneficiary. Designating All Classical Radio as the beneficiary of a retirement account such as 401k, 403(b), IRA and other retirement accounts causes the charitable gift to be deductible for income tax or estate tax purposes.

Donors can use life insurance to make a gift to All Classical Radio by naming All Classical Radio as the owner and beneficiary of a life insurance policy. A donor receives a charitable income tax deduction based on the lesser of the policy's fair market value or the net premiums paid. Donors may also wish to make gifts of paid-up policies, resulting in a charitable income tax deduction for the policy's cash surrender value.

Split-interest charitable gifts provide you and loved ones with a secure income stream for your lifetime or for a specific number of years, an income tax deduction in the year of the gift, and other tax benefits.

Charitable Remainder Trust

An Irrevocable trust that generates a potential income stream for you or your beneficiates, with the remainder of the donated assets eventually going to one or more designated nonprofit organizations. A portion of the trust qualifies for an income tax deduction. This option is great for multiple charitable beneficiaries. It allows for the donor to change the named beneficiaries and change start/stop time frame.

Charitable Gift Annuity

A charitable gift annuity is a contract with a nonprofit organization, in which you provide a gift, usually in cash or marketable securities, and in exchange the nonprofit guarantees you income for life. The advised minimum is $25,000. Charitable gift annuities are considered on a case by case basis.

A legal document in which a person states who should receive his or her possessions after he or she dies.

Yes. Every adult can and should leave instructions as to what will become of his or her property. In the absence of these instructions, state laws take over and your property may be distributed to distant relatives, or, if none are found, possibly to the state itself.

Your will may be just fine as it is, but many people find that changes in circumstances may affect their plans. Marriages, births, deaths, divorces and other changes, such as moving to another state, are all good reasons for reviewing your plans. If you would like to leave part of your legacy to worthy causes and institutions, including All Classical Portland, this may be the time to take action.

Unless you choose to share it, it will remain private. Wills generally become part of the public record available from the court after death. Trusts, on the other hand, can remain confidential.

If you choose to remember All Classical Radio in your plans, we welcome your letting us know so we may say “thank you!” If you prefer, we will keep the fact of your bequest intention confidential. We understand fully if you prefer not to share specific amounts, or if you have no way of knowing what might be left over for your charitable gifts.

Possessions, Property; the assets and liabilities left by a person at death.

If you take time to record all the property you own, you may be surprised to see that it begins to add up. And, if you have particular items that you would like to go to certain individuals, your will can help. Regardless of the size of your estate, you can benefit by taking the time to see an attorney and having a simple will drafted.

A relationship between parties in which one, the trustee or fiduciary, has the power to manage property, and the other, the beneficiary, has the privilege of receiving the benefits from that property.

A trust that becomes effective during the lifetime of the settlor —called also inter vivos trust.

There are two types of Living Trusts:

• Revocable: You can make changes or revoke the trust at any time.
• Irrevocable: After the assets are given away, you no longer have control.

We are often able to accept gifts of Real Estate, but each situation must be evaluated on a case-by-case basis. Learn more about how we partner with Giving Property to accept Gifts of Real estate on our Real Estate Donations page, or call 503-943-5828 to discuss your options.

It is difficult for All Classical Radio to accept works of art, furnishings, antiquities (and the like) as we are broadcasters, not dealers in art. However, decisions are made on a case by case basis with the donor.

Here is some suggested language:
“I devise to All Classical Public Media, Inc., an Oregon Nonprofit Corporation (EIN 93-1042868), 222 SW Columbia St. Suite 300, Portland, OR 97201, the sum of $________ (or the ______% of the estate) (or all the rest, residue and remainder of my estate or trust) to be used for carrying out its classical music mission.”