“I give…

•      % of my estate, OR
• the sum of $     , OR
• the real property described on the deed as                  , OR
•  all the rest, residue, and remainder of my estate, OR
•      % of the rest, residue and remainder of my estate

to the WASHINGTON STATE UNIVERSITY FOUNDATION, a Washington non-profit corporation and tax-exempt organization under 501(c)(3) of the Internal Revenue Code, (Federal Tax ID# 91-1075542), to be used to support Northwest Public Broadcasting’s

• Radio AND/OR
• Television OR
• to be added to the            Fund OR
• as specified in a separate Gift Use Agreement* on file with the WSU Foundation.”

*A Gift Use Agreement (“GUA”)is the governing gift instrument between you and the WSU Foundation/WSU/NWPB that addresses specifics on when and how your gift will be used. If you wish the gifted amount to be held as a permanent endowment, this desire needs to be expressly stated in the GUA or other gift instrument. An endowment is invested and a percentage is distributed each year while the remaining is reinvested to ensure the gift continues to payout into perpetuity. You may amend the GUA without the necessity of amending your Will or Revocable Living Trust.

If your estate includes payment from IRD assets (Income in Respect of a Decedent—such as IRAs, retirement plan assets, savings bonds, and installment contracts), the use of this type of asset to satisfy your charitable gift to Northwest Public Broadcasting may produce the best income tax result for the other beneficiaries of your estate. Please consult your attorney for language to best accomplish your goals. You also may wish to discuss with your attorney any advisable coordination between beneficiary designations and your Will or Revocable Living Trust (e.g., see suggested language below).

Sample Will or Revocable Living Trust language to protect against erosion of retirement plan/IRA gifts due to required minimum distributions and/or investment value declines:  “I have designated the Washington State University Foundation (WSU Foundation) as a beneficiary of my retirement plan or individual retirement account to receive a gift of not less than $ (Minimum Gift Amount). In the event the actual gift amount from this beneficiary designation docs not equal or exceed the Minimum Gift Amount, I make a specific bequest in an amount equal to the difference between the Minimum Gift Amount and the actual gift amount to the WSU Foundation. For purposes of determining the amount of this gift, any and all beneficiary designations naming either Washington State University, WSU Foundation, or Northwest Public Broadcasting shall be considered collectively.”

Acceptance of real estate and assets that are not readily marketable may be subject to review and acceptance by the Foundation’s governing board.