Legacy Society, Stocks & Securities Gifts and IRA Charitable Rollovers

Legacy Gifts

For more than 35 years, Blue Ridge Public Radio, has provided quality programs that educate, inspire, inform, and entertain. Our goal is to perpetuate this tradition of quality broadcasting for you, our listeners, and for future generations. Planned gifts allow donors to make meaningful gifts that complement their financial and philanthropic goals. In turn, these gifts insure the long-term financial strength of BPR and will enable us to continue to provide programming that informs, educates and enriches future generations. 

There are many options for making a gift to Blue Ridge Public Radio that are financially beneficial to you and your loved ones, while also helping BPR remain a strong, independent voice of news and information for our region, and a platform for artistic expression and culture celebration. Please consult your lawyer or financial advisor or contact Blue Ridge Public Radio directly at 828-210-4800 or membership@bpr.org.

Legacy Society Membership

BPR’s Legacy Society recognizes listeners who have named Blue Ridge Public Radio as a beneficiary of their wills, retirement plans or other estate plans. Legacy Society membership includes special benefits including invitations to special insider station events and performances with BPR staff, hosts and reporters. To be a part of this forward thinking group, let us know your intention to include BPR in your estate plans.

<<Statement of Intent>> 

For sample language for a Will or Trust contact membership@bpr.org

Here are a few examples of how you can make a Legacy Gift to Blue Ridge Public Radio.

All information is intended to be illustrative in nature and may not cover all issues pertinent to every individual situation. Consult with your financial or legal advisor to determine how this will impact your own personal situation.

Bequests: Identifying BPR in your will is the simplest form of planned giving. Whether you choose a specific monetary amount, or a residual portion of your estate, including BPR in your will provide a legacy beyond your lifetime.

Gifts of Life Insurance: Some of our listeners no longer need life insurance purchased years go to provide for their children or other family members. If that’s your situation, consider donating the policy to BPR. You may be able to claim a charitable deduction for approximately the policy’s cash surrender value, and the proceeds are removed from your estate. Please consult with your attorney, accountant, or financial manager on the potential benefits you may realize.

Appreciated Securities: Listeners who contribute appreciated securities held for one year or more (long-term) may receive a double income tax benefit: (1) a deduction for the asset’s full fair market value instead of the lower cost basis; and (2) complete avoidance of capital gains tax on the asset’s appreciation. Please consult with your attorney, accountant, or financial manager on the potential benefits you may realize.

Gifts of Retirement Plans: You may be taxed on your IRA, other retirement plans, and some other assets more than once when you leave them to your heirs. Income in respect of a decedent (IRD) is income you were entitled to but did not receive during your lifetime. IRD is subject to income, estate, and sometimes generation-skipping taxes, too. The most common source of IRD (and the one most likely to comprise a large part of your estate) is an IRA or other retirement plan. You may be able to avoid the taxes on IRD and make a significant charitable gift to Blue Ridge Public Radio at greatly reduced out-of-pocket costs. Please consult with your attorney, accountant, or financial manager on the potential benefits you may realize.

Gifts of Stocks & Securities

We accept donations of publicly traded securities and donations directly from your retirement accounts. 

If the stock certificate is in your possession:

All you need to do is sign a stock power and have it signature guaranteed. Any bank official can provide this service for you. Then mail the certificate and the stock power to Michelle Keenan, BPR Membership Director, at the address below in separate envelopes for security. We'll use the postmark for the gift date, and credit you with the average market value on that date.

If you have a certificate that represents more shares than you wish to donate, we will need your social security number and a letter detailing how many shares you wish to donate and how many shares should be re-issued in your name. It generally takes 4 to 6 weeks for you to receive your new certificate.

If the stock is held in a brokerage account:

Please instruct your broker to transfer the shares to Western North Carolina Public Radio. Our brokerage account is set up with Raymond James Financial.

Account #: 80302051
DTC#: 0725
Contact Person: Joel Adams
Phone #: 828-251-9700

The shares will be electronically transferred. We'll use the date that the shares enter our account as your gift date, and credit you with the average market value on that date. We also ask that you give BPR's Membership department a call or send a letter to the address below to let us know the gift is in process. Very often, the shares are transferred into our account without information that indicates the donor's name. The phone call or letter will allow us to match up the donor's name with the correct stock gift, and insure that we can acknowledge the gift accordingly.

Western North Carolina Public Radio, Inc. (DBA Blue Ridge Public Radio / BPR)
Attn: Membership 
73 Broadway
Asheville, NC 28801

Please contact us at membership@bpr.org or 828-210-4800, if you have any further questions.

IRA Charitable Gift Option

If you are 70 ½ or older you can lower your income and taxes from IRA withdrawals by making a donation to BPR directly from your IRA account. In 2015 Congress enacted a permanent extension of the IRA charitable rollover provision, making it a great option for retirees.

Blue Ridge Public Radio is part of the 501(c)(3) non-profit, Western North Carolina Public Radio, Inc. (Federal Tax ID #58-1445328). Your plan administrator should mail your distribution to the following address Blue Ridge Public Radio, 73 Broadway, Asheville, NC 28801. You can download a sample letter to send your plan administrator making your request.

GUIDELINES FOR IRA ROLLOVER GIFTS:

  • You must be at least 70 ½ years of age.
  • You may distribute up to $100,000, which will count toward your required minimum distribution.
  • Distributions must be made directly from the IRA trustee/administrator to the qualifying non-profit organization.
  • Gifts must be outright; no material benefits can be received in exchange. Gifts may not be rolled into an income producing vehicle.
  • Gifts are not included in federal taxable income, thus no charitable deduction is allowed. State rules vary and individual information should be sought from a professional.
  • Gifts may only be made from an IRA. Gifts from a 401(k), 403(b) ad 457 plans are not permitted.

 WHAT STEPS SHOULD YOU TAKE TO MAKE THE GIFT?

  • Contact your IRA administrator for directions on how to initiate the transfer.
  • Contact BPR’s Membership department at 828-210-4800 or membership@bpr.org for any other assistance we may be able to provide in requesting the transfer and completing the gift.

All information is intended to be illustrative in nature and may not cover all issues pertinent to every individual situation. Blue Ridge Public Radio suggests consulting with your financial or legal advisor to determine how this legislation impacts your own personal situation before making any decisions.