When you contribute to the annual fund, you make our community supported radio station possible. Your donations help provide:
- A variety of music on-air 24/7, from classical to jazz, opera to blues, Broadway and more.
- In-depth interviews with local arts organizations, including The Black Rep, St. Louis Symphony Orchestra, Opera Theatre of St. Louis, New Jewish Theatre, The Muny and many others.
- Community outreach to young artists through our program “Kaleidoscope – Next Generation Artist”, which features live performances and recordings of youth music ensembles.
- Promotion of cultural events in our area through interviews with artists, musicians, creators and performers, bringing their stories and events to the attention of the St. Louis community.
- Educational programs for children like Classics 4 Kids and adults like Exploring Music with Bill McGlaughlin.
- Broadcasts of live performances, both in-studio and remotely, highlighting musicians, conductors and music personalities who are charting the course of music today.
- Podcasts for convenient listening to all of the above.
‘In Honor’ Sponsorships for a Day
Looking for a way to celebrate a special day in your life in the life of a loved one? Perhaps something uplifting during the Pandemic? For just $250, you can create a personal message that will be aired 3 times a day on your day of choice. In addition, we will post it on our Twitter and Facebook accounts. Day sponsorships are a great way to celebrate a birthday or anniversary, honor a friend or local community member, and all while supporting Classic 107.3!
Tribute gifts are a unique way to celebrate birthdays, anniversaries, weddings, and retirements! A tribute gift can also honor a friend or loved one. A letter will be sent to the tribute recipient with the message provided from the donor.
For more information or to make a gift, contact Linda Shedlofsky via email at email@example.com, or by phone at 314-881-3523.
Radio Arts Foundation accepts gifts of stock or appreciated securities. To ensure a successful stock transfer, please provide the following information to your financial advisor and notify us of your stock gift.
The Commerce Trust Company
DTC #: 2170
Account #: 690274014
Account Name: Radio Arts Foundation
Tax Id #: 27-1297885
Please send notification of the stock transfer to:
Radio Arts Foundation
7711 Carondelet Ave., Suite 302
St. Louis, MO 63105
A donor-advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
How It Works
- Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program.
- Advise the investment allocation of the donated assets (any investment growth is tax-free).
- Recommend grants to qualified public charities of your choice.
Main Advantages of Donor-Advised Funds
Donor-advised funds provide a number of benefits that direct donations to a charity including:
- Simplicity – The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
- Flexibility – Timing of your tax deduction can be separate from your charitable decision making.
- Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock.
- Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy.
- No start-up costs – There is no cost to establish a donor-advised fund. However, there are minimum initial charitable contributions to startup the DAF (typically $5,000 or more).
- No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice. There usually is an administrative fee on the assets in a DAF.
- Privacy (if desired) – Donors may choose to remain anonymous to the grant recipient.
For detailed questions on tax implications, please contact your financial adviser. If you have any DAF-related questions for our organization, please contact Linda Shedlofsky at 314-881-3523. Our Tax Identification number is: 27-1297885.
Corporate gifts establish a base for our sponsorships that enables us to provide events for the community. Grants received help fund general operating support and many of our on-air programs.
- Artist Presentation Society
- Bryran Cave Leighton Paisner
- Edison Family Foundation
- Edward Jones
- Emerson Hermetic Motor
- Employees Community Fund of Boeing
- Gertrude and William A. Bernoudy Foundation
- Interco Charitable Trust
- Imo’s Pizza
- J.P. Morgan
- Lewis Rice LLC
- M1 Bank
- Mabel Dorn Reeder Foundation
- Pershing Charitable Trust
- PNC Arts Alive
- PNC Bank
- Regional Business Council
- Sanford N. McDonnell Foundation
- Steinway & Sons
- The Mary Ranken Jordan and Ettie A. Jordan Charitable Foundation
- The St. Louis Children’s Choirs
- The St. Louis Trust Company
- Trio Foundation
- US Bank
- Webster University
- Wells Fargo Advisors
- Whitaker Foundation
- William R. Orthwein, Jr. and Laura Rand Orthwein Foundation, Inc
With the current situation of COVID-19 (coronavirus), and for the safety and health of our supporters and staff, we are cancelling our upcoming Kaleidoscope – A Next Generation Artist concert scheduled for Sunday, March 29, 2020. It will be held at a to-be-determined date in 2020.
If you need more information or have any questions, please contact Linda Shedlofsky at firstname.lastname@example.org.
Classic 107.3 needs volunteers to call donors and thank them for their gifts. We can also use help with other administrative tasks! Good communication skills and computer skills are necessary for these opportunities.
We also need committee members for our Fall 2019 Wine and Jazz Under the Stars event to help plan the evening as well as obtain raffle and silent auction items.
If interested, please contact Linda Shedlofsky at email@example.com or call 314-881-3523.
Do you love the arts? Are you under 40? Join Air Support, the station’s Young Professionals Group. If interested, please contact: Mike Labozzetta at firstname.lastname@example.org.
Your individual retirement account (IRA) is an excellent tool for saving for your retirement years. Once you are retired, your IRA is an easy, worry-free way to support the Radio Arts Foundation (Classic 107.3) that doesn’t affect your future financial security.
- Option 1: If you are between 59½ and 70½
Once you hit 59½, you may begin taking money out of your IRA without paying a penalty. You’ll pay income tax on the amount you decide to withdraw, even if you use this money to make a gift to the Radio Arts Foundation. But if you itemize your tax deductions, you are eligible to take an income tax charitable deduction for the full value of the gift, reducing your overall tax bill.
- Option 2: If you are 70½ or older
This is the age where you must begin taking the required minimum distribution from your IRA. If you don’t need this income for your day-to-day expenses and would like the satisfaction of seeing your gift make a difference to the Radio Arts Foundation, you may make a contribution of up to $100,000 without paying income tax on the transaction. Just contact your financial organization to make a direct donation.
The Ease of Beneficiary Designations
If you like keeping things simple, then consider using beneficiary designations for important accounts where you can designate a certain percentage or amount from the account. This can be done at any time regardless of your age.
Life Insurance Policies
You can use a beneficiary designation form to name an organization to receive proceeds from your life insurance policies.
Banks and Brokerage Accounts
For banks and brokerage accounts most states* allow you to designate a beneficiary for these types of accounts in one of two ways:
- Payable on death (POD): You name one or more charities as the beneficiary of your checking, savings, or certificates of deposit once you, the account owner, pass away.
- Transfer on death (TOD): You designate one or more charities to receive proceeds from your brokerage or investment account after your lifetime.
Also, with both POD and TOD accounts, the beneficiary has no rights to the funds until after your lifetime. Until then, you are free to use the money in the account to change the beneficiary or to close the account.
Naming the Radio Arts Foundation as a beneficiary of a bank, brokerage account, or life insurance policy is a simple and straightforward way to support our work. It also simplifies estate planning and administration because the executor of your estate won’t have to take any action to ensure your account transfers to whomever you designated.
Wills and Living Trusts
Interested in helping the Radio Arts Foundation with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to support us is a gift in your will or living trust, known as a charitable bequest. By including a bequest to the Radio Arts Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come.
If you are interested, meet with your attorney and revise the bequest language, so that your gift to the Radio Arts Foundation can be setup as a percentage of your estate or a specific amount.
Be sure to let us know that you have named us as a beneficiary, so we can contact your administrator at the appropriate time and put your gift to work as you intend. If you have any questions, please contact Development Director Linda Shedlofsky at 314-881-3523 or by email at email@example.com.
*State laws govern payable-on-death accounts and transfer-on-death accounts. Please consult with your bank representative or investment advisor if you are considering these gifts.
CARES Act Provides New Provisions for Charitable Giving for 2020
We want to let you know about a few key provisions of the new CARES (Coronavirus Aid, Relief, and Economic Security) Act. This new law is designed to make it easier for you to help Classic 107.3, or any organization facing economic hardship, during the COVID-19 pandemic.
New Deduction Available: The new law allows all taxpayers to take a one-time charitable deduction of up to $300 in 2020, even if you do not itemize deductions. You might think that this is a small amount and would not make a difference. But what if all of our donors gave “just” $300? Such support would have a huge impact on those we serve. At this time, a donor-advised fund (DAF) does not qualify for this new deduction.
New Charitable Deduction Limits: For those who do itemize their deductions, the new law allows for cash contributions to Classic 107.3 to be deducted up to 100% of your adjusted gross income for the 2020 calendar year. This change suspends the 60 percent adjusted gross income limitations for individuals’
charitable contributions for 2020. At this time, the higher deduction does not apply to donations to a DAF. Required Minimum Distributions Waived in 2020: The new law temporarily suspends the requirements for required minimum distributions (RMD) for the 2020 tax year. Even so, making a QCD this year will still allow itemizers and non-itemizers alike to direct up to $100,000 from their IRA to charities in a tax-efficient manner. As a reminder, you pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
For detailed questions on tax implications, please consult with a financial advisor. If you have other questions, please contact Development Director Linda Shedlofsky at 314-881-3523 or by email at firstname.lastname@example.org.