If you are participating in a company pension plan or other private plan such as an Individual Retirement Account, you may find that your retirement assets exceed your retirement needs. These excess retirement assets can be given during your lifetime, or upon your death, to Rocky Mountain PBS. Donating excess retirement assets avoids the double tax bite, since these assets receive both income tax and estate tax when left as part of an estate.
What are the tax law changes on donating from an IRA?
Currently, if you are 70 ½ or older, you can donate up to $100,000 from your IRA tax-free. However, you do not receive any tax deduction from such a donation; the gift is simply donated without any taxes deducted. This also has the side benefit of reducing the size of your estate and may help your heirs avoid estate taxes.
Your lawyer will need the following information:
Legal name: Rocky Mountain Public Broadcasting Network, Inc.
Address: 1089 Bannock Street, Denver, CO 80204
Tax Identification number: 84-0510785
Acknowledgement of your Planned Gift
All planned giving donors receive membership in the Rocky Mountain PBS Pinnacle Club as recognition of your commitment to our future success. In appreciation of your generosity, you are invited to special events and other network activities and, if you wish, are acknowledged on-air and in other Rocky Mountain PBS publications.
To discuss planned giving options, please contact the Rocky Mountain PBS
Office of Philanthropic Giving:
303-620-5706 / 720-841-0706