Longtime public broadcasting supporters Case and Elain Sprenkle let their IRA make their gift to WILL--tax-free.
It’s part of a “charitable rollover” provision that allows individuals to make gifts directly to non-profit organizations like WILL. Charitable IRA Rollover gifts count toward a donor’s required annual minimum distribution, which reduces taxable income.
Charitable IRA Rollover guidelines
Donors must be age 70 ½ or older and own an IRA. Other retirement plans such as pensions, 401(k) and 403 (b) plans are not eligible.
Individual donors may make gifts up to $100,000 through year-end 2011.
Only the IRA trustee or custodian can transfer the gift. If a donor withdraws funds and then contributes them separately, the withdrawn amounts will be included in the donor’s gross income.
Gift amounts are not included in the donor’s taxable income. Accordingly, a charitable deduction is not allowed.
Transfers can only be made to public non-profit organizations such as WILL.
IRA gifts cannot be used to fund “life income gifts” such as charitable gift annuities or charitable remainder trusts.
Learn more by consulting your financial advisor or by calling Danda Beard at WILL, 217-333-7300.
July 19 or July 24-Aug. 1, 2014: Breathtaking vistas and wildlife roaming free make this an unforgettable visit to America’s land of the midnight sun.
Breathtaking vistas, wildlife roaming free, and special WILL features such as coaching in wildlife photography make this an unforgettable visit to America’s land of the midnight sun. Two options: 9 days starting with an overnight stay in Seward on July 24 (Day 6) or a longer, 14-day tour that starts in Fairbanks on July 19, (Day 1). Both include the 7-night cruise from Seward-Vancouver. Review the full itinerary for details. For more information, call Danda Beard at 217-333-7300. To make your reservation, call Judy McElfresh at TourGroupPlanners (217-422-5002 or toll-free 877-386-4777). Deadline: Nov. 10.
Susan and Lew Hopkins showed their appreciation for WILL Radio through a current endowment gift.
WILL was one of the first acquaintances Susan and Lew Hopkins made as newcomers to Champaign-Urbana 40 years ago. They chose to show their appreciation for this longstanding friendship through a current endowment gift in support of WILL Radio.
“We attended a planned giving seminar a number of years ago that highlighted the benefits—both to donors and to University of Illinois units—of current, rather than estate, gifts,” Susan Hopkins said. “Once you’re certain that you’ve taken care of your own financial needs, it becomes interesting to look at how to support organizations that you value.”
The seminar provided Susan and Lew with the perspective to explore funding two gifts—the one for WILL and another for the Department of Urban and Regional Planning within the U of I College of Fine & Applied Arts, where Lew taught urban planning for 35 years and served as head of the department for 13. They realized that instead of selling their rental property themselves, they could donate it to the University of Illinois Foundation, which would in turn sell the house. This approach saved on capitol gains tax, while Susan and Lew received a charitable deduction. A somewhat similar strategy would be to give long held appreciated stock.
From their early support of WILL with $25 annual gifts, the couple became more invested in the future of AM 580 as they realized the extent to which they relied on the station for in-depth perspectives on issues, quality news reporting and entertaining conversations on a diverse array of topics, as well as chances to call in with questions for radio guests.
During a radio fundraising drive, they learned the cost of a day of programming. The information formed the basis for the concept of their gift, established in 2007. The income from this endowment now provides one day’s broadcast funds each year.
“We’re realizing that it’s more fun to be generous while we’re around to see the results,” Susan said. “In doing a current endowment, we wanted to front load our contribution to WILL to do our part to help insure its health and survival in the face of the vagaries of other funding sources.”
Rose Nolan discovered WILL radio in 1955. Now her children and grandchildren are fans, too.
Although WILL-TV was brand new in 1955 when Rose Nolan moved from Chicago to Champaign-Urbana for her husband to enroll at the University of Illinois, she first discovered WILL Radio’s classical music programming. Today she’s still a WILL and public broadcasting fan, now joined by her children and grandchildren.
Daughter Colleen Nolan-Grob, an oncology nurse, remembers growing up in a house filled with music. “If it was on WILL, we listened to it—symphonies, marching band pieces, jazz,” she said. “My dad, who had been in a drum and bugle corps, would whistle with any type of music and often would serve as conductor—he was pretty good at it. My mother would have the radio on anytime she was in the kitchen or in her sewing room.”
Kathy Nolan Henry, employed at the Illinois State Geological Survey, distinctly recalls their youngest sister, Moira, enjoying The Electric Company.
Her daughter, Maureen Henry, loved the PBS Kids program Arthur. “They had positive lessons and interesting guest characters,” she said. “I’ll never forget that I learned who Yo Yo Ma and Click & Clack were because of that show.” Maureen is now an English teacher at Heritage Junior High School in Homer.
All four agree that WILL offers an incredible array of widely accessible programs. “From kids to adults, liberals and conservatives, it really is something for everyone,” Colleen said. Maureen added, “Watching programs on WILL was something that my family could do together, and have discussions about. My parents instilled an appreciation for WILL in me from a very young age. We support the stations because we believe in what public broadcasting is all about.”
Sharon Michalove uses electronic funds tranfer to contribute to WILL monthly.
Sharon Michalove is a sustaining member of WILL. Her membership never lapses, but she can stop or change her gift at any time.
When you set up a recurring gift through an automatic bank transfer (EFT), a credit card payment or through University of Illinois payroll deduction, you can designate that the gift continue until you wish to make a change. Ongoing support, like that provided by Sharon and many other Friends of WILL, provides WILL with steady, reliable income that balances the uncertainty of other funding sources.
Because this option reduces the amount we spend on renewal notices, sustained giving ensures that your dollars go farther to support the programs you care about. Plus, the one-step process is much more convenient for you.
Sharon used payroll deduction to make her monthly contribution to WILL when she worked at the University of Illinois. Now that she's retired, she uses electronic funds tranfer. "I never have to remember to send in my contribution, and WILL is assured of sustained montly support for their program services," she said.
Get more information on sustained giving.
An annual national survey conducted over the last 10 years has consistently confirmed that PBS and its member stations are ranked first in trust among nationally known institutions and are considered an “excellent” use of tax dollars by the American public. The yearly study has also called PBS the most fair network for news and public affairs 10 consecutive times.
In the most current round of research, PBS KIDS was named the most educational TV/media brand, the safest destination for children to watch television or visit online, and the top provider of content that helps children learn reading, math and essential skills. In each question, PBS KIDS significantly outscored cable and commercial broadcast television.
Sept. 19-30: See splendid Masterpiece Theatre and Mystery! locations, along with Dublin, the Cliffs of Moher, Connemara, Kylemore Abbey, Lismore Castle, Waterford and Holmfirth.
Travel to England and Ireland to see splendid Masterpiece Theatre, Mystery! and comedy series locations. Travelers share something from the start—a passion for WILL and its programs. We'll see Dublin, the Cliffs of Moher, Galway, Connemara, Kylemore Abbey, Lismore Castle, Waterford, Shrewsbury, and Holmfirth, and join mystery expert Antony Richards for a full-day "Inspectors Morse and Lewis Tour" of Oxford. Review the full itinerary for details. For more information, call Danda Beard at 217-333-7300. To make your reservation, call Judy McElfresh at TourGroupPlanners (217-422-5002 or toll-free 877-386-4777).
Travel on private restored train cars from the 1950s, with sightseeing in Gettysburg, Antietam, Williamsburg and more.
Sept. 26-Oct. 6, 2013: Civil War Train
Travel on our Civil War Train, featuring unique private restored train cars from the 1950s, to Washington D.C. and Williamsburg with sightseeing in Gettysburg and Virginia along with other historic sites, museums and battlefields. Also included Included are Antietam, Harper's Ferry, the USS Monitor, Baltimore's B&O Railroad useum and Washington, D.C. Review the full itinerary for details. For more information, call Danda Beard at 217-333-7300. To make your reservation, call Judy McElfresh at TourGroupPlanners (217-422-5002 or toll-free 877-386-4777).
In addition to their current annual support, John and Lissa May Mudrick have chosen a bequest gift to underscore their appreciation for and enjoyment of the WILL stations.
Lissa is a University of Illinois graduate who first discovered FM 90.9 for background music while studying. Later, as an agent for State Farm Insurance, she became a charter member of WILL’s Business Partners program. John discovered the stations when he moved to the area in 1987 to begin a new position with Chanute Air Force Base in Rantoul.
Shortly after they married in 1993, Lissa and John prepared wills and realized they also wanted to make provisions for various charitable organizations that hold special meaning for them.
“We liked the fact that we could choose to earmark a percentage of our estate, rather than a fixed dollar amount, for WILL and other charitable organizations,” Lissa said. “It’s a good way to think in terms of a ‘no matter what, we can do this’ amount. Plus, it allows for the fluctuations in the value of your assets,” she added.
“And since none of us knows what life has in store for us, it’s also beneficial that the bequest arrangements are adjustable or even revocable in the future,” John said.
The programs that spur John’s support are This Old House, Motor Week, As Time Goes By and any history-related show. Lissa’s favorites include All Things Considered, Weekend Edition and Wait, Wait, Don’t Tell Me.
“We both enjoy the in-depth news reporting, the intelligence and wit in the various entertainment shows and the quality of the research and production in the history and documentary programs. We’re happy to do our part to support public broadcasting because we understand how Illinois Public Media enhances our daily lives,” Lissa said.
“Thanks to WILL’s programs, we keep finding and learning new and different perspectives on our world community,” John added.
Tad and Mary Susan Britt support Illinois Public Media financially to make sure the WILL stations stay strong.
“When you contribute to WILL, you feel like you’re a stakeholder, part of the local ownership,” Tad said. “You care more about it and you get more benefits from it.” They say they’re grateful that quality television and radio are available for them and their daughter, Grace. “It’s like food for the soul,” says Tad.
An archaeologist who works in research and development,Tad has AM 580 on at the office most days listening to Focus and The Afternoon Magazine. “It keeps me company at work,” he said. He appreciates NPR News programming because “they focus in on an issue instead of cramming 20 stories into a few minutes. You don’t get that quality of journalism elsewhere. It really is hard to find,” he said.
Favorites for Mary Susan, director of advancement for the University of Illinois College of Media, are the PBS programs Antiques Roadshow and This Old House, and the Ken Burns’ documentaries, particularly The National Parks. She values Illinois Public Media’s work in the community, like workshops for day care providers, training for teens in TV and radio production, and efforts to fight childhood obesity. “The WILL stations are such an important part of what makes this community a good place to live,” she said.