Stocks, mutual funds or other securities can be transferred to the Friends of South Dakota Public Broadcasting. You and your financial adviser can contact us about the details and to arrange a transfer. You may want to make arrangements for a gift of a home, agricultural land or other real estate. Using a life estate arrangement, you can even make a gift of property now and get a possible tax benefit now, while continuing to use or reside at the property for as long as you live. You continue to take care of the property, pay the taxes and even receive any income it generates.

Wills & Trusts

A will is the simplest way to distribute your estate and is an easy way to designate gifts to Friends of South Dakota Public Broadcasting. By creating a will or making a simple revision, you can make a gift of the remainder of a retirement account, a percentage of your estate, a certain dollar amount, a specific property, or what is left after you provide for loved ones. If you choose to rely on a revocable living trust, consider adding a charitable dimension to this plan as well.

Retirement Plans & Life Insurance

Whether you are participating in a company pension plan or other private plan, you may find you have accumulated funds beyond your need. These excess funds may be given during your life. It may be advantageous to direct the remainder of retirement funds to a charity after your death. For example: the remainer of a tax-deferred retirement plan such as an IRA or a 401K is subject to income tax and possibly other fees after your death. However, if the gift goes to a charity, the charity gets the full benefit.

Another simple way to make a significant gift in the future is to name Friends of SDPB as a beneficiary of a portion or of all of the proceeds of a life insurance policy. Another way to make a gift of insurance is to purchase a new policy, naming Friends of SDPB as a beneficiary or co-beneficiary.

For-Profit Donor-Advised Investment Funds

There are many for-profit financial services companies that will manage your contributions. In a donor-advised fund, you would make an irrevocable contribution to the fund and receive an immediate tax deduction for the year of investment. The fund invests the money, often in its own products and funds, and profits from annual fees. Donors only recommend which charities should receive their contributions. The fund makes the actual grants.

Life Income

Other options are available. You can set up an annuity, or a charitable remainder trust, reserving the cash flow for yourself until your death, when the property that remains is distributed to charity. You may receive a tax deduction when you create the trust. A charitable lead trust is the opposite of the charitable remainder trust. The Friends of South Dakota Public Broadcasting receives the cash flow, usually for a term of years. At the end of a designated period, the remainder is returned.

To talk to Friends of SDPB about your plans, call Ryan Howlett at 1-800-456-0556.