Sustaining the Mission
The Summit is a listener-supported independent voice, inspiring our community with diverse music and community service. Our vision is clear – The Summit is a leading independent multimedia organization building community around compelling music and enlightening content worldwide, sustained through public support.
The Summit has come a long way. We’ve grown our station and brands with clear, balanced and realistic goals. But certainly we depend on you, listen to you, and repay you with the programming you love. Our goal is to perpetuate this tradition of quality broadcasting for you, our listeners, and for future generations.
Annual contributions, grants, and business underwriting are critical to the success of public broadcasting and provide a base of support for our programming. The future success of the station, however, rests on our ability to build a sustainable source of funding that provides for today, tomorrow, and the future as well.
To step beyond our annual on-air drives and seed alternative, more permanent sources of funding, the legacy of our mission begins and ends with you; Summit donors.
Create your own legacy of giving by including The Summit (Friends of The Summit) in your will, trust, or general estate plans.
Here are a few examples of how you might make a Planned Gift:
- Bequests: Identifying Friends of The Summit in your will is perhaps the simplest form of planned giving. Whether you choose a specific monetary amount, or a residual portion of your estate, including Friends of The Summit in your will provides a legacy beyond your lifetime.
- Gifts of Life Insurance: Some of our listeners no longer need life insurance purchased years ago to provide for children or other family members. If that’s your situation, consider donating the policy to Friends of The Summit. You may be able to claim a charitable deduction for approximately the policy’s cash surrender value, and the proceeds are removed from your estate.
- Appreciated Securities: Listeners who contribute appreciated securities held for more than one year (long-term) may receive a double income tax benefit: (1) a deduction for the asset’s full fair market value instead of the lower cost basis; and (2) complete avoidance of capital gains tax on the asset’s appreciation. You can do that right here.
- Gifts of Retirement Plans: Believe it or not, you may be taxed on your IRA, other retirement plans, and some other assets more than once when you leave them to your heirs. Income in respect of a decedent (IRD) is income you were entitled to but did not receive during your lifetime. IRD is subject to income, estate, and sometimes generation-skipping taxes too.
- The most common source of IRD-and the one most likely to comprise a large part of your estate-is an IRA or other retirement plan. You can avoid the taxes on IRD- and make a significant charitable gift to Friends of The Summit at greatly reduced out-of-pocket costs.
Tommy Bruno, General Manager looks forward to talking to you about your planned giving.
Contact him at 330-761-3095 or email firstname.lastname@example.org.