- KTWU Productions
A bequest to KTWU is your statement of appreciation for the quality programming you have enjoyed. It ensures the continuation of that programming for years to come not only for your family but for generations of other families who will be inspired, enriched and educated by PBS and local programming on KTWU, A gift to KTWU through your will or trust is an excellent way to touch seasons yet to come.
Each of us should have a will. It can be a will we have prepared with the advice of an attorney, properly signed and witnessed, or the will our state has prepared for us.
When the value of your securities have increased substantially, gifting them to nonprofits can provide multiple tax benefits. Stock gifts continue to be deductible at their full current value. These gifts can, in nearly all cases, be deducted in full up to 30% of your adjusted gross income. Any excess deduction can be carried over up to five future tax years. What’s more, by giving the stock to KTWU you can avoid paying taxes on the capital gains. You can, in effect, use the “paper profits” in your investment to reduce the amount of income tax you would otherwise owe. If the value of stocks you would like to donate has decreased, it is often better to sell them and make a charitable gift using the cash proceeds. You may then be able to claim a tax benefit for both the capital loss and the charitable gift. In some cases this could result in a larger deduction than the current value of the securities.
KTWU, through Washburn Endowment Association, can offer gift annuities of $25,000 or more. A charitable gift annuity is a life income gift arrangement that provides income and valuable tax benefits to the donor as well as the satisfaction of helping to continue the mission of KTWU. A gift annuity is a simple, contractual agreement between one or two donors and a charitable organization such as KTWU, in which you transfer assets to the organization in exchange for the organization’s promise to pay you an annuity. In addition to life income, you could avoid an immediate capital gains tax on a gift of appreciated long-term property, receive an income tax deduction for part of the gift, and remove the property from your federal and probate estate.