Planned Giving

Delmarva Public Radio has been bringing you great music and NPR news and information for over 24 years. Learn how you can secure the legacy of the station’s next 24 years with a gift that reflects a lifetime of appreciation. Include Delmarva Public Radio in your estate by plan by naming Delmarva Public Radio Classical 89.5 and NPR News Talk 90.7 as a beneficiary in your will, IRA or life insurance. For more information please contact our Membership Director, Angela Byrd at 410-543-6220 or by email: mabyrd@salisbury.edu

Bequests

The most common and simplest form of planned giving, a bequest is a gift that is made through a donor’s will. Individuals may include  Delmarva Public Radio in their wills by naming Delmarva Public Radio for either a specific amount or a percent share of their estate. Donors can also name  as the residual beneficiary of their estates after payment of bequests to others.

Benefits of making a bequest gift include the fact that donors do not have to part with any money until they die, and do not owe any estate tax on the amount of the bequest.

For more information on making a bequest gift to Delmarva Public Radio, please contact our membership department at410-543-6220.

Life Insurance

Stock or Securities

There are several ways to transfer securities to Delmarva Public Radio: Electronic Transfer, Mailing Certificates, or Hand Delivery. For information regarding the valuation of stocks and bonds or gift crediting, please contact Salisbury University Foundation Accounting Office at (410) 543-6392.

Electronic Transfer:
The most popular and most efficient way to transfer securities to Delmarva Public Radio  is by electronic transfer. This is done through a free delivery which simply means that DPR gets 100% of the value of the transfer versus the broker receiving a portion in commissions.

If your stock is held at a broker, notify the broker that you wish to make a gift of securities to Delmarva Public Radio. Your broker will need written authorization from you before they can make the transfer. Be sure to tell them the name of the stock that you want to transfer, the number of shares, and where you would like your gift to be designated when it reaches the Delmarva Public Radio account.

Once you have authorized the transfer, ask your broker to contact the Salisbury University Foundation Accounting Office at 410-543-6392.  Our office will give your broker complete transfer instructions.

Note:
Even if you have donated securities in the past, be sure your broker contacts the Salisbury University Foundation Accounting Office BEFORE the transfer is made. The transfer instructions can change from year to year. A quick phone call from your broker to verify the current instructions will prevent any transfer problems.

Mailing Stock Certificates:
If your securities are not held at a broker (see Electronic Transfer if they are) then you can either mail or hand deliver the certificates directly to Delmarva Public Radio.

If mailing, send your unendorsed certificate(s) and a cover letter (including your name, address, and purpose of the gift) in one envelope. In a second envelope, send a signed, signature guaranteed, stock power. We strongly recommend using registered mail to forward your certificates and stock power. A stock power form can be obtained at your local bank or by calling the Salisbury University Foundation Accounting Office at 410-543-6392.

Hand Delivery:
Certificates may be given to a Delmarva Public Radio staff person or delivered to the station in Caruthers Hall.

Note:
Please DO NOT mail endorsed certificates! Once the certificate is endorsed, it is legal tender and can be exchanged by anyone.

It is strongly recommended that certificates not be sent to a transfer agent for registering in Delmarva Public Radio's  name. This procedure is unnecessary and results in needless delays of the transfer.

Our Mailing Address
Delmarva Public Radio
WSCL 89.5 FM and WSDL 90.7 FM

P.O. Box 2596 Salisbury, MD  21802
Phone: (410) 543-6895
FAX: (410) 548-3000

Charitable Lead Trusts

Charitable Lead Trusts are most appealing to individuals who want to pass appreciated assets to their heirs without paying a substantial amount in taxes. This is done by allowing Delmarva Public Radio to receive income from the donor’s assets for a specified time during which the donor can receive substantial tax benefits, after which the asset is transferred back to the donor or to the donor’s heirs.

The donor does pay a gift tax on the asset when it is placed into the trust, after which it can grow tax-free. A lead trust can, however, reduce gift and estate taxes or provide a charitable deduction for the donor.

For more information on Charitable Lead Trusts, please contact our membership department at 410-543-6220.

Charitable Remainder Trusts

Two basic types of charitable remainder trusts qualify for federal tax benefits. In both arrangements, a donor irrevocably gives stock, cash, or other assets to a trust naming Delmarva Public Radio as the beneficiary. Those assets are invested, producing income for the donor - or other beneficiary - either for a fixed period of time or until the donor dies. The donor is allowed to claim a tax deduction for the estimated portion of the assets that will ultimately come to Delmarva Public Radio. When the donor dies, DPR receives all remaining trust assets.

The two types of remainder trusts are Unitrusts and Annuity Trusts. Under a basic Unitrust, the donor receives one or more yearly payments equaling a fixed percentage of the value of the asset, which is assessed each year. Under an Annuity Trust, the donor receives a yearly fixed payment equaling at least 5% of the value of the asset at the time the deferred-giving agreement was signed.

By establishing Charitable Remainder Trusts, donors can get income-tax deductions and escape capital-gains taxes. Many donors find the trusts an appealing way to prepare for retirement. The assets can be invested to earn a lower rate of return when the donor is younger and then shifted to earn a higher rate of return, and thus provide more income during the donor’s later years.

For more information on Charitable Remainder Trusts, please contact our membership department at 410-543-6220.

Gift Annuities

The gift annuity agreement provides older donors who give cash, securities, real estate, or personal property with fixed annual payments for a specified period of time, usually for life. With a deferred gift annuity, the annual payments do not start when the gift is made but begin at a later time specified by the donor.

Gift annuities are attractive to donors who want to receive income from assets that have risen sharply in value, such as cash or stocks. In return for gifts of such assets, DPR guarantees the donor a fixed annual income for the rest of their lives and helps the donor avoid capital-gains tax. The donor also gets an income-tax break on a portion of the earnings from an annuity; the exact amount depends on the donor’s age.

For more information on Gift Annuities, please contact our membership department at 410-543-6220.