Including C89.5 in your will, trust, or estate plan is one of the most meaningful legacies you can provide to support our music and educational programs. One significant benefit of making a gift (bequest) is that it allows you to continue using the property during your life and then later, transfer the portion you designate to C89.5.
Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Typically, donors make bequests to C89.5 by:
- specifying a percentage of their estate
- naming a specific dollar amount
- giving the residue of their estate to C89.5
Here is an example of wording which you may wish to include in your bequest:
I hereby, give, devise and bequeath [the residue and remainder of my estate or a specific dollar amount or percentage] to C89.5/ KNHC Public Radio Association, a non-profit organization located at 10750 30th Ave NE, Seattle, WA 98125, and whose IRS Tax ID number is 20-5402402. I wish to allocate my gift to support C89.5’s music and educational programs.
The same tax ID number and wording applies to beneficiary designations of IRA’s, life insurance policies, trusts, or other legal instruments.
If you are interested in creating an endowed fund, please contact C89.5 General Manager, June Fox, at 206-252-3801 or firstname.lastname@example.org.
The above information is for example purposes only. It is C89.5’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 in accordance with Washington State law.
*If, in the judgment of the Board of Directors of C89.5 / KNHC Public Radio Association, it shall become impossible for C89.5 / KNHC Public Radio Association to use your bequest to accomplish the specific purposes of the bequest, C89.5 / KNHC Public Radio Association may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.