How to Make a Gift

• New! Charitable IRA Rollover
• Cash Gifts
• Securities
• Planned Gifts
• Gift Form (print, fill out, and return--requires free Adobe Reader)

Contact WSKG's Business Office at (607) 729-0100 for more information.

NEW! Charitable IRA Rollover

The Pension Protection Act of 2006 was signed into law in August. A two-year IRA charitable rollover allows people 70 and one-half years or older to distribute up to $100,000 from traditional IRAs or Roth IRAs to qualified charities and private operating foundations as described in IRC 170(b)(1)(A). Whereas such distributions were previously income taxable, they are now excludable from gross income, eliminating  the income tax penalty for such charitable gifts. This provision applies only to tax years 2006 and 2007, and distribution must be made by December 31st of each year. There are some limitations and restrictions, and you should consult your legal or financial advisor.

More information is available by calling our Business Office at 607-729-0100

Cash Gifts

• Use your credit card.
  Call our membership office at
  607-729-0100, ext. 322

• Send a check.
  Make your check payable to WSKG Public Broadcasting. If the gift is for a specific purpose, please write the intent on the memo line of your check. Mail to:
  
  WSKG Public Broadcasting
  PO Box 3000
  Binghamton, NY 13902

• Make your gift online securely.
  Gifts can be made via our secure web server. Information is encrypted for security purposes.

Securities

While many donors prefer to make gifts of cash, a growing number are taking advantage of contributing gifts of long-term appreciated securities to support the quality programming and services provided by WSKG.

C O N T E N T S

1. Valuation
2. Making the Gift with Stocks and Bonds
3. Closely Held Stock
4. Mutual Funds

Advantages of Gifts of Securities

• Receive an income tax charitable deduction based on the market value of the security at the time of the gift

• Avoid capital gains tax on the appreciated value of the securities. Direct your gift to a variety of different purposes at WSKG.

• Fund a life income gift agreement and potentially receive a greater income.

Valuation

The value of the gift will be the mean of the high and low trading prices on the official date of your gift. The official date of your gift will be determined differently depending on how it is made.

• By mail – it is the postmark date.
• By overnight carrier – it is the date of receipt by WSKG.
• By electronic transfer – it is the date the security is received into WSKG’s bank/brokerage account.
• By re-registering the security into WSKG’s name – it is the date on the new certificate(s).

* WSKG will issue receipt for your tax records confirming the value of your gift.

Making the Gift with Stocks and Bonds

If the certificate(s) are held by you:

1. Send your certificate(s) by certified mail or by overnight carrier, without any endorsement, assignment or other notations to WSKG.
2. Enclose a letter stating the purpose of the gift.
3. In a separate envelope, using the same carrier as employed with the certificate(s), send a stock/bond power endorsed in blank; that is, filling in only your signature but no other information. Your name should appear exactly as it does on the face of the certificate(s). If possible, include a copy of the letter you sent with your certificate(s).

If the securities are held by a bank or broker:

1. You can authorize your bank or broker, in writing, that you wish to make a gift/transfer of ____(number of) shares of ___________(name of security) to be designated to WSKG Public Broadcasting for the purpose of ___________.

Provide your bank or broker with WSKG’s electronic transfer instructions, which you mail obtain online, or they can be mailed to you by calling our Business Office, at 607-729-0100.

2. Please send a copy of your authorization letter to:

WSKG Public Telecommunications Council
Attn: Major Gifts
PO Box 3000
Binghamton, NY 13902

Be sure to include the telephone number of your banker or broker.

If you or your bank need additional information or have questions, please contact Naomi Rupright in our Business Office at 607-729-0100, ext. 305, or by e-mail at NRupright@wskg.org.

Closely Held Stock

Non-marketable or closely held stock can also be given to WSKG. If you are considering giving these types of securities, please contact Naomi Rupright in our Business Office at 607-729-0100, ext. 305, to discuss your intentions.

Mutual Funds

If you would like to give mutual fund shares, please contact Naomi Rupright in our Business Office at 607-729-0100, ext.305 for additional details.

Planned Gifts

By including WSKG in your financial and estate plans, you may increase your current income and provide future support for areas of the station important to you. Often you can make a larger gift than you might have thought possible – while also benefiting yourself… and future generations.