A gift of your real property can relieve you of the burden of managing or selling the property. Real property gifts can be made in several ways:

Outright gift:
Your benefits from an outright gift of real property would include an income tax deduction for the property's full fair market value; removal of the property from your estate; and the reward of seeing your gift go to work for public broadcasting.

Charitable remainder trust:
If you still need the income generated by the property, a charitable remainder trust may be a good solution. The property is irrevocably transferred into a trust, which pays income to you for life or a term of years. After that, the remaining principal goes to support the many WFIU/WTIU programs you have enjoyed over the years. Additional benefits include a substantial income tax deduction in the year the trust is established and no capital gains tax at the time of the gift.

Partial interest gift:
If you are unable to donate the entire property, you may deed to WFIU/WTIU an undivided partial interest. Or a charitable remainder trust may be funded with such a partial interest. Typically in both instances, the entire property is sold, with the proceeds being shared proportionally between you and WFIU/WTIU (or the trust). Your charitable deduction for the gift portion can help offset the capital gains tax on your retained portion.

Retained life estate:
Give WFIU/WTIU your personal residence, but retain the right to live in it for your lifetime. A retained life estate will give you an income tax deduction in the year you make the gift and the satisfaction of making an important gift during your lifetime.

Bequest:
You can make a testamentary gift of real estate through your will or trust.

To discuss your intentions or to learn more, contact Nancy Krueger at (812) 855-2935 or send an E-mail.

Please notify us if you are including the station in your estate plans. We want to say “Thank you!” Plus, we can help you ensure that your gift makes the biggest possible impact. If you have not written a will yet, regardless of your charitable intent, please consider doing so.

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WFIU/WTIU cannot provide legal or tax advice. Please consult your attorney, CPA, or financial planner before making any decisions regarding your gift planning.