Welcome to KBOO Community Radio's Legacy Giving Program – a unique opportunity to support the vibrant and diverse community that makes KBOO a cornerstone of independent media in Oregon and beyond. Legacy Giving involves individuals strategically including charitable contributions in their estate plans, ensuring a lasting impact on causes dear to their hearts. This selfless commitment transcends financial transactions; it symbolizes a heartfelt desire to leave behind a positive imprint on future generations. Legacy Giving isn't just about assets; it's about values, ideals, and a belief in creating a better world. By embracing Legacy Giving, individuals become architects of a legacy that echoes their passions, values, and commitment to social progress, fostering a perpetual ripple effect of positive change. By considering a legacy gift, you contribute to the sustainability and longevity of a platform that has been amplifying voices and fostering community connections since 1968.
Why Legacy Giving Matters
Preserving Independent Media
KBOO Community Radio has a rich history of providing a platform for voices often overlooked by mainstream media. By including KBOO in your estate plans, you help ensure that this vital resource continues to exist for future generations, promoting diversity and inclusivity in the media landscape.
Long-Term Sustainability
Legacy gifts play a crucial role in securing the financial future of KBOO. Your commitment allows us to invest in cutting-edge technology, maintain our broadcasting infrastructure, and adapt to the ever-evolving media landscape. By leaving a legacy, you become a guardian of independent journalism and creative expression.
Ways to Leave a Legacy
Bequests
A "bequest" refers to the act of leaving personal property or assets through a will or testament, typically to designated individuals or entities after the testator's death. This legal arrangement allows for the orderly distribution of one's belongings, financial resources, or specific items according to the specified wishes outlined in the will.
Including KBOO Community Radio in your will is a simple yet powerful way to make a lasting impact. You can leave a specific amount, a percentage of your estate, or even assets such as stocks or real estate. Consult with your attorney to ensure your wishes are accurately reflected in your will.
Types of Bequests
- Cash Bequest: A straightforward gift of a specific amount of money.
- Percentage Bequest: A donation expressed as a percentage of the estate's total value.
- Residual Bequest: Designates a nonprofit to receive the remainder of the estate after other specific bequests and expenses are fulfilled.
- Specific Bequest: Directs a particular asset, such as real estate, stocks, or artwork, to the nonprofit.
- Contingent Bequest: The nonprofit receives the gift only under certain conditions, such as if other beneficiaries predecease the donor.
- Restricted Bequest: Specifies how the funds should be used, such as for a particular program or project.
- Endowment Bequest: Establishes a long-term fund, with only the investment income used by the nonprofit.
- Real Estate Bequest: Donating property or land to the nonprofit organization.
- Charitable Remainder Trust: A trust that provides income to the donor or a beneficiary for a specified period, with the remaining assets going to the nonprofit.
Life Insurance Policies
Designating KBOO as a beneficiary of your life insurance policy allows you to make a substantial contribution with relatively low out-of-pocket costs. By updating your beneficiary designation, you can leave a legacy that supports independent media while maintaining flexibility throughout your lifetime.
Retirement Accounts
Consider naming KBOO as a beneficiary of your retirement accounts, such as IRAs or 401(k)s. This option may offer tax benefits while contributing to the sustainability of community-driven radio.
How to Get Started
Consult with Professionals
Before making any decisions, it's essential to consult with financial advisors, attorneys, and tax professionals. They can help you navigate the complexities of legacy giving and ensure your wishes align with your overall financial and estate planning goals.
Contact KBOO's Development Team
Our dedicated team is here to assist you every step of the way. Reach out to us for more information on legacy giving, to discuss your intentions, or to learn about the impact your gift can have on KBOO Community Radio.
Station Manager: Nathan Vandiver - Manager@kboo.org
Finance Coordinator: Danielle Schira - Accounting@kboo.org
Your Legacy, Our Future
By choosing to leave a legacy gift to KBOO Community Radio, you are not only preserving the station's history but also ensuring its future impact on the community. Your generosity echoes the spirit of independent media and contributes to a legacy of voices that deserve to be heard.
Thank you for considering KBOO Community Radio in your estate plans. Together, we can continue to amplify the voices of our diverse community for generations to come.
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Our legal name is The KBOO Foundation and our Tax ID number is 23-7232987. We are a 501(c)3 non-profit organization. Donations are tax deductible as allowed by law. We will not trade, rent or sell any donor personal information.
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