Gift Planning

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LEGACY & PLANNED GIVING

Legacy gifts offer creative, flexible strategies for your estate and charitable planning. These techniques make use of legal and tax strategies to best suit your unique situation and help you accomplish the personal and philanthropic goals that mean the most to you.

Types of legacy gifts include bequests, trust provisions, retirement fund beneficiary designations, charitable gift annuities, and gifts of an asset such as personal property or real estate.

To learn more about legacy giving, please contact Will Dahlberg, Deputy Director at 205-934-2264 or [email protected]

IRAs, STOCKS, & DONOR-ADVISED FUNDS

IRA Distributions

The IRA Charitable Rollover (also known as a Qualified Charitable Distribution) is an excellent way to support WBHM and receive tax benefits in return.  Donors aged 70.5 and older can take advantage of this technique and transfer up to $100,000 directly from a qualified retirement plan to WBHM.  You won’t pay any income tax on the charitable transfer and, if you have to take Required Minimum Distribution (RMD), the transfer counts toward your Required Minimum Distribution.  Click here to find out more about IRA Charitable Rollovers.

Legal name: WBHM – 90.3 FM Public Radio at The University of Alabama at Birmingham

Legal address: 1720 2nd Avenue South, AB 1270, Birmingham, AL 35294-0112

Federal tax ID number: UAB Tax I.D. Number: 63-6005396

STOCKS

Using securities that have gone up in value since you bought them is an excellent way to make a gift to WBHM. In most cases you will be entitled to an income tax charitable deduction for the full fair market value of the securities on the date of the gift and will not have to report capital gain income. You may use securities to make your annual gift to WBHM, contribute a special gift, or to fund a charitable gift annuity or charitable trust. Access stock transfer notification form and instructions here.

DONOR ADVISED FUNDS

WBHM, as a registered 501(c)(3) non-profit organization, does accept gifts through Donor Advised Funds (DAFs). To make a gift through your DAF, first contact your financial/legal advisor or your DAF representative to recommend a grant to WBHM at UAB. We hope you will choose to include your contact information with your gift so that we can thank you for your generosity. Your DAF administrator may require the following information:

Legal name: WBHM – 90.3 FM Public Radio at The University of Alabama at Birmingham

Legal address: 1720 2nd Avenue South, AB 1270, Birmingham, AL 35294-0112

Federal tax ID number: UAB Tax I.D. Number: 63-6005396

Limitations to donating through a donor-advised fund:

  • Donors cannot use their DAF to pay off an already existing debt or obligation.
  • Money in DAFs have already received tax deductions, therefore a gift from a DAF cannot be used to pay for goods and services, such as event tickets or thank you gifts.

Sabrina Balch
Membership Director
[email protected]
205-996-4036