The Rock and Roots Society provides foundational support to WFUV and recognizes those individuals who have included WFUV 90.7 FM in their wills. WFUV 90.7 Rock and Roots Radio has been providing outstanding public service for 65 years. By making a bequest you are making a positive impact on the station's next 65 years and beyond. Essentially, your bequest strengthens WFUV's roots in the community and helps secure a rock-solid future.
Including WFUV in your estate plans could also qualify you for state and federal tax breaks. Making a bequest is very simple and if you already have a will, you can easily add WFUV.
See below to learn more about making a bequest and how to become a Rock and Roots Society Member, or contact Robin Phillips, Director of Development, at (212) 636-6239 or via email.
What is a Bequest?
The term "bequest" refers to a statement in your will of your wishes to provide charitable funding for WFUV after your death. Bequests are simple and can be made regardless of your income or the size of your estate.
Why consider making a bequest to WFUV? It allows you to:
- Stay flexible in the lifetime use of your assets and income
- Express your support for WFUV without affecting your family's current financial objectives
- Determine the amount of your gift and how it will be used at WFUV
- Benefit from possible tax savings for your estate and heirs
- Immediately share in the good feeling that comes from joining others who support this singular radio station!
Finally, bequests are revocable. We understand that your circumstances may change. You can change your mind or your designation at any time.
How does it work?
If you already have a will, you can include a bequest to WFUV through a codicil. A codicil is simply an amendment or addition to your existing will. You will need your lawyer to prepare your codicil and arrange for it to be executed.
If you don't have a will, we suggest you contact a trusts & estates lawyer to draft one. A will is an essential legal document. It protects your estate from extra taxes, provides for your loved ones and reflects your values. If you don't have a will, you are leaving important personal decisions about what you leave behind to the state in which you live. Making WFUV one of your beneficiaries is easy and as Fordham University, WFUV's licensee, is a 501 (c)(3) nonprofit organization, much or all of your gift is tax-deductible.
Types of Charitable Bequests
There are two main types of charitable bequests: outright charitable bequests and charitable trusts. Through an outright charitable bequest, you leave WFUV a certain sum of money or a percentage of your estate effective immediately upon your death.
Some examples of outright bequests: a specified amount of money, specific property, a percentage of your estate or -- through a residuary bequest -- a remaining portion of your estate after all other bequests have been satisfied.
Alternatively, your bequest to WFUV can be in trust -- meaning that your estate trustee distributes funds to WFUV, other charities and/or your family as you direct. There are many trust arrangements and we are happy to discuss them with you.
Sample Bequest Language: I GIVE, DEVISE AND BEQUEATH to WFUV 90.7 FM, licensed to Fordham University, a 501 (c)(3) nonprofit organization, ($ ___) or (____% of my residuary estate) or (description of property).
Rock and Roots Society
If you have named WFUV in your will, make sure to let us know! We'd like to welcome you to our Rock and Roots Society in true rock 'n' roll fashion. As a member of our society, you will receive on-air recognition, acknowledgment in our materials (anonymous gifts honored), and an annual private Rock and Roots Society lunch and concert in Studio A.
Other Ways to Give
It may suit you best to support WFUV with non cash gifts. Listed below are alternative ways to support WFUV that may offer you tax benefits. (Please seek professional tax advice.)
Gifts of Stock
Got some stock that's done well? Donating publicly traded securities that have gone up in value means you may be able to give more than you thought you could.
If you've owned the stock for over a year, you get a tax deduction for its full appreciated value. Plus, you avoid the capital gain taxes you'd have to pay if you sold it.
To make a transfer, download this PDF file [65K] and follow the instructions. Your financial advisor can tell you more. Call Robin Phillips at (212) 636-6239 or email her for more information.
Annuities: Let Your Gift Earn
Did you know there's a way to provide for your parents and WFUV at the same time? An annuity with FUV can pay a generous current income for your folks, and the remainder goes to your favorite public radio station.
At a gift level of $10,000 or more, it's a tax-friendly and music-friendly investment at the same time. Call Robin Phillips at (212) 636-6239 or email her for more information.