Why Give Retirement Assets to PBS KVIE
A shrewd and simple way to support the PBS KVIE mission is allocating money from an IRA or other retirement account.
Here’s the thing: when left to heirs, retirement funds generally get taxed twice – once as they exit the account, and again as taxable income to the heir.
But when you donate your retirement assets to PBS KVIE, the entirety of your retirement assets go to PBS KVIE.
By naming PBS KVIE as a beneficiary of your IRA, 401(k) and/or 403(b), you will be assured that every dollar will benefit the PBS KVIE mission. Then you can identify other assets that are better suited to leave to heirs.
Another great benefit of naming PBS KVIE as a beneficiary of your retirement assets is avoiding probate, which can be costly.
By making a gift of your retirement benefits, your charitable wishes can be fulfilled with ease and efficiency.
How To Give Retirement Assets to PBS KVIE
Notify the institution holding your IRA, 401(k), and/or 403(b) and let them know that you wish to name PBS KVIE as the beneficiary. The institution will supply you with a form where your beneficiary changes will be made. PBS KVIE's Tax ID is 94-1421463.
It’s a simple form. It’s quick and easy. No legal fees, either!
Qualified Charitable Distributions (QCDs)
A QCD is a transfer of funds from your IRA payable directly to a qualified charity. You can make a transfer to PBS KVIE and satisfy your required minimum distribution (RMD), as long as you meet the requirements:
- You must be age 70 1/2 or older
- The maximum annual amount is $100,000. This applies to the sum of all QCDs you transfer in a year.
- For the QCD to count toward your current year RMD, funds must be received by PBS KVIE by December 31.
- Funds must be transferred by the IRA custodian direct to PBS KVIE.
How to direct a QCD to PBS KVIE
Contact your IRA custodian and request that they send a specific dollar amount directly to:
2030 W. El Camino Avenue
Sacramento, CA 95833
PBS KVIE's Federal Tax ID is 94-1421463. Please request that your name is listed on the check and notify the Office of Leadership Giving of your intention.
The information provided on this website does not, and is not intended to, constitute tax or legal advice applicable to your specific situation.
Please be sure to consult a qualified professional advisor regarding your planning.