Bequests
Extend your legacy beyond your lifetime with a bequest to KUVO. Through your will, you can make a gift of a certain dollar amount, a percentage of your estate, appreciated assets or the remainder of your assets.
BEQUEST TERMINOLOGY
Beneficiary – the person and/or organization receiving the benefits (usually assets or income) of the will
Executor – the person or institution, named in the will, who carries out the terms of the will
Codicil – a written change or amendment made to a will
Guardian – the person who is appointed by the court to care for the person and/or estate of a minor child or a person deemed incompetent
Probate – the legal process of proving a will, appointing an executor, and settling an estate; by custom, it has come to be understood as the legal process whereby a deceased person’s estate is administered and distributed.
LANGUAGE & TAX ID
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC – wholly-owned by Rocky Mountain Public Media Inc.
Address: 2101 Arapahoe St, Denver, CO 80205
Tax identification number: 84-0510785
LEARN MORE
Contact:
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
Retirement Plans
If you are participating in a company pension plan or other private plan – such as an Individual Retirement Account – you may find that your retirement assets exceed your retirement needs. These excess retirement assets can be given either before or after death to KUVO.
Donating excess retirement assets helps you avoid the double tax bite, since these assets receive both income tax and estate tax when left as part of an estate. Consequently, this type of gift can help your heirs lessen or avoid estate taxes.
TAX LAW ON IRA DONATIONS
If you are 70 ½ or older, you can donate up to $100,000 from your IRA tax-free, however you will not receive any tax-deduction (the gift is simply donated without any taxes deducted).
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC – wholly-owned by Rocky Mountain Public Broadcasting Inc.
Address: 2101 Arapahoe St, Denver, CO 80205
Tax identification number: 84-0510785
LEARN MORE
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
Life Insurance
Life insurance proceeds provide a very simple way to benefit KUVO and exten your legacy. All you need to do is name KUVO as the beneficiary, in part or whole, of a life insurance policy.
With approval from the Board of Directors, KUVO may pay the premiums on an existing life insurance policy to facilitate these types of gifts.
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC – wholly-owned by Rocky Mountain Public Broadcasting Inc.
Address: 2101 Arapahoe St, Denver, CO 80205
Tax identification number: 84-0510785
LEARN MORE
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
Stocks & Securities
A gift of appreciated stocks can help you avoid capital gains taxes.If you hold securities that have declined in value and would like to make a gift, it may be to your advantage to sell and perhaps generate a tax-deductible loss.
Shares and securities will be gifted to KUVO via the Rocky Mountain Public Broadcasting Network.
INFORMATION FOR YOUR BROKER:
Instruct your broker to deliver the shares via DTC (a standard practice of electronic transfer). Your shares will be gifted to KUVO via the Rocky Mountain Public Broadcasting Network.
Account Information
Brokerage Account: Charles Schwab & Co.
Contact: Tara Murphy, 1-866-738-911
Account Name: Rocky Mountain Public Broadcasting Network
DTC #: 0164, Code 40
Account #: 22429116
Organization Information
Legal Name: Rocky Mountain Public Broadcasting Network, Inc.
Tax ID #: 84-0510785
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
GIFT NOTIFICATION
Please call 303-620-5706 to notify us of your stock gift and type (company name), as electronic stock transfers usually come to us without any donor identification.
LEARN MORE
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
Real Estate
Gifting your primary or vacation home, farm, or commercial property can relieve you of property taxes, provide a tax deduction, and give you the satisfaction of supporting KUVO in a substantial way.
Rental properties and time shares are not accepted by KUVO.
RETAINED REAL ESTATE
Federal tax law allows the donation of a personal residence (to include a vacation home) or farm with the donor retaining the right to life enjoyment. This type of donation is called a retained life estate and is an irrevocable gift. A life estate may be retained for one or more lives (passed down through family) or it may be retained for a term of years. All routine expenses, maintenance fees, property taxes, repairs, etc. are the responsibility of the donor. The donor receives income tax benefits in the year of the gift as well as estate tax benefits.
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC – wholly-owned by Rocky Mountain Public Broadcasting Inc.
Address: 2101 Arapahoe St, Denver, CO 80205
Tax identification number: 84-0510785
LEARN MORE
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698
Charitable Trusts
A charitable trust is an arrangement where property is to be held and administered by a trustee for the benefit of a charitable organization. Depending on the type and how it is established, a trust may be revocable (changeable) or irrevocable (not changeable). There are several types of trusts, the following are two of the most common:
Charitable Remainder Trust allows you to make a gift that retains income for a specified time period. Your funds are held separately and invested for payment of an income to you or another beneficiary. When the trust expires (at the death of the income recipient or at the end of the period of time you specified), the trust remainder is distributed for the charitable purposes you specify. A tax deduction is allowed at the time you create your trust. The size of the deduction depends on age, payment percentage, and other factors.
Charitable Lead Trust provides a gift over a period of years while ensuring that the property will ultimately return to the donor or loved ones. The lead trust is one of the few ways to reduce or eliminate taxes that otherwise would be due on assets left to children or grandchildren. Under the terms of a charitable lead trust, assets are transferred to a trust that pays income to one or more charitable recipients for the number of years you determine. At the end of that period, the remaining assets are returned to you or other persons you name.
INFORMATION NEEDED BY YOUR LAWYER:
Legal name: KUVO, LLC – wholly-owned by Rocky Mountain Public Broadcasting Inc.
Address: 2101 Arapahoe St, Denver, CO 80205
Tax identification number: 84-0510785
LEARN MORE
Contact:
Kate McDonnell
katemcdonnell@rmpbs.org
303-620-5698