How to Give

There are several ways to make your legacy gift to Detroit Public TV:

Making a gift in your will or revocable living trust is a meaningful way to ensure the promise of Detroit Public TV is kept to future generations.

Naming Detroit Public TV as a beneficiary in your will or living trust can be done at any time. You can add a charitable provision to an existing document or express your charitable wishes in a new one.

Here are some ideas on how to make a gift to the station in your will or living trust:

• You can give a specific dollar amount or property item,
• You can give a percentage of your asset(s),
• You can give all or a portion of what remains after gifts to other beneficiaries such as your family and friends have been made, or
• Your gift can be contingent upon special circumstances or events.

No matter the form or the size, a gift in your will or living trust can help ensure public television remains a vital resource for our community for many generations to come.

Click here to read suggested bequest language >

Please consult with your professional advisor on how your charitable giving impacts you.

Naming Detroit Public TV as a beneficiary of your financial accounts, retirement assets or life insurance is an effective and efficient way to support the future of public television in our community. Making a gift through a beneficiary designation is a simple and convenient three-step process.

• Contact your financial institution, retirement plan administrator or life insurance company and request a beneficiary designation form.
• Complete the form to designate Detroit Public TV as a primary or contingent beneficiary of your assets. (The tax-identification number for Detroit Public TV is 38-1440200.)
• Return the form to your financial institution, retirement plan administrator or life insurance company and then contact Detroit Public TV to share the wonderful news!

A beneficiary designation can also help avoid the expenses and possible delays that can be experienced with the probate process.

Please consult with your professional advisor on how your charitable giving impacts you.

A charitable gift annuity is a simple way to support the future of Detroit Public TV in our community and enhance your financial security at the same time.

Here’s how it commonly works:

• You make a gift of cash and/or appreciated stock to fund a charitable gift annuity for the benefit of Detroit Public TV.
• Fixed payments will then be made to you for life and, if desired, for the life of a loved one such as a spouse, partner or sibling.
• The amount of the fixed payments will depend on the annuity rate for the age of the person(s) who will receive the payments.
• The gift portion of the annuity will become fully available to Detroit Public TV only after the annuity ends.

Benefits:

• If you itemize deductions on your federal income tax return, you can claim an immediate charitable tax deduction for a portion of your gift.
• You will receive fixed payments for life, a portion of which are nontaxable for a period of time.
• Your estate may enjoy reduced probate costs and estate tax.
• You will have the satisfaction of knowing the impact of your gift will be multiplied when combined with the gifts of others who equally believe in the power of public television.

Please consult with your professional advisor on how your charitable giving impacts you.

If you wish to support Detroit Public TV in a larger way but still wish to retain an interest in your property for your benefit or the benefit of your family, a charitable remainder trust (“CRT”) may be a flexible option for you.

Here’s how it commonly works:

• You make a gift of cash and/or appreciated stock; those funds are then placed in an irrevocable trust.
• The trust will then pay you and/or a person you choose regular payments for life or a period of years.
• You can select a payout rate that meets your needs and passes certain tax regulations.
• You may choose to receive fixed payments (annuity trust) or one that changes with market conditions (unitrust).
• Once the trust ends, the remaining assets in the trust will pass on to Detroit Public TV and perhaps other charities you decide to name.

Benefits

• You will be allowed an immediate charitable deduction for a portion of the gift if you itemize deductions on federal income tax return.
• You will receive annual payments for life, a portion of the payments will be tax free for a period of years.
• Your estate may enjoy reduced probate costs and federal estate tax.
• You will have the satisfaction of knowing the impact of your gift will be multiplied when it’s combined with the gifts of others who equally believe in the power of public television.

Please consult with your professional advisor on how your charitable giving impacts you.