Donor-Advised Funds
WLJT Channel 11 West TN PBS accepts grants through donor-advised funds (DAFs) regularly, both large and small, and we are grateful for those who do so!
We welcome your gift to WLJT through a DAF. A couple of tips for your consideration when you make a grant to WLJT through your DAF:
- Be sure to use our legal name “West Tennessee Public Television Council, Inc. DBA West TN PBS” and Tax ID: 62-1177950 when making a grant through your DAF.
- Ask your fund to include your name and address on the check sent from the fund so that we can properly thank you, keep you updated on all the latest developments at WLJT, and share the good news of how your support for WLJT is making a difference.
A Donor-Advised Fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often your fund gives money to WLJT. You can recommend a grant or recurring grants, now to make an immediate impact, or use your fund as a tool for future charitable gifts. You will receive a tax deduction for the total amount of your gift to your DAF in the year you open the fund.
You can name WLJT-TV 11 West TN PBS as the beneficiary of the entire account, or a percentage of the fund; it’s your choice. You can also name other family members as your successors, who can then recommend grants to WLJT in the future. To do this, please get in touch with your fund administrator to obtain a beneficiary form and ensure it is kept up to date.
Giving through a DAF allows for flexibility and ease in giving for the donor, with several advantages for the donor, as well:
- Gifts to the DAF are generally eligible for an immediate tax deduction.
- The fund can allocate grants to the nonprofit of your choice when it makes sense for the donor.
- DAFs grow tax-free, allowing you to increase your philanthropy and your impact, and earnings are tax-exempt.
- DAFs are easy to start and administer. They can often be established online and grant recommendations can be made online, too.
- A DAF can be a more affordable option than establishing a private foundation.
- A wide range of assets may be accepted through a DAF, such as cash, stocks, and real estate, and art, to name a few.
- DAFs help you track your donations, allowing you to give strategically.
- DAFs allow you to set up recurring donations to keep steady support for organizations you love.
- DAFs can be a tool in planned giving: you can also choose to have any remaining DAF funds distributed to the nonprofit(s) of your choice after your lifetime by naming the nonprofit as a beneficiary of all or a portion of remaining funds.
To learn more about making a gift from your donor-advised fund, please contact us at 731-881-7561 or email us at donor@westtnpbs.org. We would be honored to work with you and your advisors as you consider your plans.
Or for personal support, contact:
Peter Noll
731-574-9555
pnoll@westtnpbs.org
Please consult with your professional advisor on the full impact of your charitable gifts on your financial and/or legal circumstances.