Retirement Plans and Life Insurance
KTEH Now a Service of Northern California Public Broadcasting (NCPB)
KTEH's legal name is: "Northern California Public Broadcasting, Inc. "
Retirement plans
Retirement plans, when passed on to heirs, can incur as much as 80 percent in taxes, because this asset faces double taxation. Not only is the amount of the plan reduced by estate taxes, but the recipient must also pay income taxes on the plan.
If you plan to make a legacy gift to NCPB, you may want to consider naming us the beneficiary of your IRA, 401(k), pension or other retirement plan and leaving other assets to your family. Naming us the primary beneficiary avoids all income and estate taxes on the retirement plan.
To make the designation, advise your plan administrator of your decision and complete and sign the appropriate form.
Life insurance
Many individuals have life insurance policies whose benefits they no longer need. If this applies to you, you may want to consider naming NCPB the beneficiary and assigning us ownership of the policy. This will qualify you for a charitable deduction; and in removing the life insurance policy from your estate, you may also reduce your estate taxes.
For more information
To request a brochure on charitable giving through retirement plans or life insurance, please complete our request for information form or contact us.
Please let us know your plans
By informing NCPB of your Legacy Gift, you help us prepare for the future. Equally important, you give us the chance to thank you for your generosity. To notify us of your intentions, please complete our request for information form or contact us.
Go to the Endowment page to find out how your legacy gift can live on...
