Visions Fall 2005 Financial & Estate Planning Ideas for Friends of KQED p h o t o :

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Rethinking Retirement Plans o r m a n

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A Strategic Way to Give r s h a y It has been over 20 years since the laws that would make it possible to make tax- were enacted that established 401(k) plans free transfers from IRAs — and from 401(k) and similar qualified retirement plans, and plans rolled over to IRAs — to fund out- nearly 23 years since individual retirement right charitable gifts or charitable life-income accounts (IRAs) were expanded to include plans, such as charitable gift annuities and most workers. The Baby Boomers will be charitable remainder trusts. the first generation to spend the bulk of If the Public Good IRA Rollover Act Joan Baez and Bob Dylan their working years under these types of (H.R.1607 and S.1366) passes, it will pro- Baby Boomer Block retirement plans and may also be the first vide more flexible opportunities to combine Return to the 60s with KQED to use them widely for charitable purposes. retirement planning and philanthropic TV September 26 through A gift of a lifetime goals. KQED will inform you in future September 29. Monday and communications if the IRA Rollover passes. Tuesday at 9 pm, KQED Some people find that as part of their airs the world premiere estate and financial planning, it makes Why wait of American Masters No Direction Home: Bob sense to designate a charity as beneficiary Using 1946 as the Baby Boom’s starting Dylan, A Martin Scorsese from what remains in their retirement plans point, the oldest members of this post-World Picture, which offers never- 1 before-seen footage from at the end of their lifetime. Because these War II generation turned 59 /2 this summer. Dylan’s childhood, the road, funds are included in the taxable estate This semi-birthday is important under and backstage, as well as and are also subject to income tax on various retirement plans, because it is the unreleased interviews conducted over the past receipt by the heirs (but not by charities), minimum age at which certain retirement 15 years with other seminal unused retirement plan assets are usually funds may be withdrawn without paying a figures from those times. a better choice for funding charitable gifts 10% penalty in addition to the income tax Wednesday at 8 pm, KQED airs Best of the Beatles, the while leaving other, more favorably taxed that would normally be due. untold story of the Beatles’ property to heirs. This is an extremely This means that even today, in most cases, formative years, from original Beatles drummer important strategy and should be outright gifts may be arranged from these Pete Best’s perspective. thoroughly discussed with your advisor. plans in a fashion that would, in effect, lead Get Up, Stand Up: The Story of Pop and Protest, Pending legislation to much the same tax result as under the proposed IRA Rollover. The charitable airs Wednesday at 9 pm, For the past few years, IRA rollover and The Sixties: The Years That Shaped a Generation (continued on page 4) legislation has been pending in Congress airs Thursday at 9 pm.

Truly CA: Our State, Our Stories No Sweat SweatX and American Apparel, two new Los Angeles Inside: clothing manufacturers, are committed to creating • Donor Profile sweatshop-free clothing. In No Sweat, filmmaker Amie Williams follows these companies for one year, • KQED’s Radio Internship investigating whether they can survive in the tight Program s economic conditions that have sent so much of their m • Program Notes a i l l i competition overseas. No Sweat airs on Channel 9 W e i Sunday, September 25, at 6 pm. Visit www.kqed.org/dtv m A

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o for air times on KQED Encore and KQED World. t o h p A SweatX worker A Doula Story A Doula Story follows the work of Loretha Weisinger, a community- based doula, or birth attendant, as she mentors and advocates for young mothers-to-be and their children in the Chicago West Side neighborhood where she once struggled as a teen mother. A Doula p u

o Story will air on KQED Channel 9 on Sunday, October 2, at 5 pm. r G

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p Loretha comforts Shameeka through labor

A Charitable Annuity: The Gift That Pays KQED Launches Two New Local Shows In exchange for a gift of $10,000 or more, KQED This fall, KQED will launch two new at 7:30 pm and Fridays at10:30 pm will offer you (or you and local weekly half-hour series in the 7:30 pm on KQED 9. KQED will follow the your spouse) fixed annual weeknight slot, The Josh Kornbluth Show broadcast premiere with another payments for life. and Check, Please! Bay Area. brand-new episode the following Your age (and that of your Josh Kornbluth, creator and star of the night, Tuesday, September 13, spouse) determines the annuity rate that KQED live one-man shows, Love and Taxes, Red also at 7:30 pm. The can offer. Diaper Baby, Benjamin Franklin: Unplugged, program can also be seen among others, and of the play and film, on KQED digital channels Some Sample Haiku Tunnel, hosts KQED’s new interview and will be available at Current Rates program, The Josh Kornbluth Show. In con- KQED On Demand. KQED.org Your Annuity versation with the known and unknown will also host a blog by Josh, Age Rate personalities that add flavor and spice to launching in early September. life in the Bay Area, Josh will delve beneath On Thursday, November 3, at 7:30 pm, 65 6.0% 75 7.1% the surface to reveal his guests’ driving KQED premieres Check, Please! Bay Area. 85 9.5% passions and explore their everyday lives. Based on a show out of Chicago, KQED’s 90 and over 11.3% Josh’s signature monologues will open and weekly restaurant review series features close every program, and each episode will Bay Area residents discussing their dining (COUPLES) also feature a “Wandering Josh” segment, experiences in a TV roundtable. Your Annuity in which Josh will venture out of the studio And don’t forget to watch these weekly Ages Rate into different parts of the Bay Area. local favorites on KQED 9 — Spark on 67/65 5.7% Kicking off a new era of local production Wednesdays and This Week In Northern 75/73 6.2% at KQED, the half-hour program premieres California on Fridays, both at 7:30 pm. 85/83 7.6% Monday, September 12, and will air Mondays 95/95 and over 11.1%

You can make a gift using cash, stock, or mutual Conductor Gives Retirement Plan Assets funds. Your gift will bring you income for life and This year KQED went on to conduct in Canada and then in may benefit you by received a generous the U.S., later becoming a professor of music reducing your taxes. And it will provide meaningful bequest from the at the University of Arizona. Wishing to support to KQED. Leonard Pearlman live in an area of diversity and culture, For more information, please Trust, funded in part Dr. Pearlman retired about 10 years ago to return the enclosed reply by unused funds in the Bay Area, where he became a KQED card, or contact KQED’s Gift Planning department Dr. Pearlman’s member and took classes at U.C. Berkeley at (415) 553-2230 or retirement annuity until he died. He loved to read and traveled [email protected]. If you account. A native of extensively, and he enjoyed KQED’s news tell us your age(s), we will Winnipeg, Canada, and public affairs programs. The proceeds customize your proposal. You can also calculate Dr. Pearlman earned his medical degree at from Dr. Pearlman’s bequest will be added your own benefits with the University of Manitoba. However, his to the KQED Endowment to support the our online calculator at mother had introduced him early to music, kind of informative programming he valued www.kqed.org/giftannuities. and he learned that music was his true so highly. passion. He studied music in Vienna and

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Today’s Interns, Tomorrow’s Stars n y

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o preliminary interviews of prospective l l guests. A Pacific Time intern, who may have traveled to from outside the for his or her practical experience, will spend hours Legacy Society Members reading Asian news online to find an Take Pledge Calls interesting and underreported story. On August 4, Jonathan C. Radio News and The California Report Rice Legacy Society interns may search the Associated Press members took pledge

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assemble the first cut of a radio segment. a Interns Aditi Chokshi and Ariana Pekary y – Creating Your Second Stacy Bond, a California Report producer, Life After 40 and Barbara KQED is actively training the next wrote in a recent email message thanking Sher’s Map to Success. generation of aspiring radio journalists. the interns for their stellar contributions, Since 2000, nearly 200 interns have “I’m not kidding when I say their successfully completed KQED’s Radio resourcefulness, initiative, skill, and hard Practical Training Program. This year work helped us build a quality show during more than 35 interns will work on KQED a rather hectic and difficult week.” And productions, including Radio News, The Kat Snow, with Radio News, often praises California Report, Forum with Michael Krasny, her interns for their fast response to breaking and Pacific Time. Interns are selected for a news, which sometimes keeps them at the four-month term that begins in Fall, Spring, office well into the evening. or Summer. This term’s interns include KQED has been fortunate to hire several students from San Francisco State University former interns, including reporters Sarah and Yale University, among others, as well Varney and Alex Cohen, among others. as professionals exploring a new career. KQED radio interns have also advanced to Describing her tenure at KQED, Ariana careers at sister NPR stations around the p h o

Pekary says, “As an intern, I was left with country; for example, Tamara Keith now t o :

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with Forum, I have gained equal amounts prominence in public radio — notably, G T & F of training and trial by fire — both of Jason Beaubien, who covers sub-Saharan . which are valuable in the world of broad- Africa for NPR News, and Kai Ryssdal, cast news. This really isn’t the sort of thing host of Marketplace. KQED also offers TV you learn in a classroom.” internship opportunities for college students. All interns complete practical radio One Pacific Time intern, Dongmei Li, training at the beginning of their term, switched tracks to TV news writing and now Maize god including workshops on interviewing, works for a local Chinese-language station. National Geographic writing for radio, gathering sound, and You can learn more about KQED intern- Specials: Dawn of the Maya digital editing. They are also grounded ships at www.kqed.org/about/internships. Dawn of the Maya, airing in the unique mission of public radio And prick up your ears when you hear Wednesday, September 21, at 8 pm, examines exciting journalism. Their intensive training, led program credits at the end of your discoveries that show the by KQED Radio staff, will prepare them favorite radio show. Today’s KQED Preclassic Maya were flourishing a thousand for their day-to-day responsibilities here interns may be tomorrow’s rising stars years before the Classic and beyond. of public broadcasting! Maya period.

Neither the authors, the publishers, nor this organization is engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained. The purpose of this publication is to provide accurate information of a general character only. Watch for tax revisions. State laws govern wills, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts. © 2005, KQED, Inc. Portions of this publication reprinted with permission of The Sharpe Group.

3 p p h h o o t Masterpiece Theatre Sherlock Holmes: The Case of the Silk Stocking t o o : : P T i h

On Sunday, October 23, at 9 pm, Rupert Everett stars as Sherlock Holmes g o e t r o A f

e in a new mystery inspired by Sir Arthur Conan Doyle’s immortal detective. s s p t e

Holmes comes out of retirement to solve a string of high society debutante c t P r

disappearances. o d u c t i o n s / L a u r i e S p a r h a m

Great Performances: From Shtetl to Swing On Thursday, October 6, Rethinking Retirement Plans (continued from page 1) at 9 pm, KQED 9 spotlights composer George Gershwin deduction would offset the income tax due KQED Endowment. They are looking for and other pioneers in this on a gift funded with an IRA withdrawal the best way to make their gift from a tax delightful look at the cross- 1 — made after age 59 /2 to avoid the 10% planning and cash flow perspective. pollination of Jewish and African-American musical withdrawal penalty — in effect, making the Assume this couple has a qualified retire- influences — two traditions gift a “wash” for tax purposes. Note that the ment plan with a balance that has grown to born out of exile and gift must be within 50% of adjusted gross nearly $2 million, as well as other assets to longing, both charged with energy and humor income (AGI), and for some higher income support their retirement. Under today’s and defying all the rules. taxpayers, it is prudent to consider the laws, they can withdraw $25,000 from their Written and directed by partial reduction of itemized deductions. plan (a little more than 1% of their balance) Fabienne Rousso-Lenoir, To be sure, wise financial advisors urge and use it to make a gift which is fully From Shtetl to Swing reveals how these musical their “boomer” clients to leave their retire- deductible up to 50% of their AGI. Note heritages blossomed into ment plan assets alone and allow them to that the withdrawal serves to raise their a completely new, diverse continue to grow tax free, ideally until they AGI to $125,000, and the gift falls well musical lexicon. Harvey reach another odd tax-law-inspired half- within this 50% income tax charitable Fierstein hosts. 1 birthday — 70 /2, the age at which the law deduction limit. As a result, the couple typically calls for mandatory withdrawals to makes a significant gift using retirement Visions begin. However, while we certainly do not plan funds they expect never to need and Editor encourage anyone to draw unwisely from that would eventually be subject to taxes Karen Marek their nest egg, there may be circumstances upon a mandatory withdrawal in the future. Contributing Writer under which it is appropriate to consider The Bottom Line Chrystal Walsh using excess retirement funds as another Qualified retirement plans offer flexible Design and Layout pocket from which to make current advantages: excess retirement benefits can Jenny Doll donations. Director of Gift Planning be used to make outright gifts now or and Endowment Another giving pocket charitable bequests at the end of your Earl Blauner, J.D. 1 Suppose a couple, both over age 59 /2, and lifetime. And they may one day soon be with an AGI of $100,000, would like to available to fund life income gifts, which KQED, Inc. make a very special gift of $25,000 to KQED can both support KQED and supplement 2601 Mariposa Street as an annual gift or as an added gift to the your other retirement income. San Francisco, CA 94110-1426 (415) 553-2230 [email protected] www.kqed.org/giftplanning

For more information: Mail the enclosed confidential reply card today to learn more about how you can turn excess retirement plan assets into a generous gift for KQED and obtain tax savings. We’ll send you a copy of Giving Through Retirement Plans, along with our Legacy Gift brochure. You may also use the enclosed card to request a personalized illustration of how a charitable gift annuity would work for you.

If you prefer, you may write or phone: Earl Blauner, Director of Gift Planning and Endowment KQED, Inc. • 2601 Mariposa Street • San Francisco, CA 94110-1426 (415) 553-2230 • Fax: (415) 553-2174 [email protected] • www.kqed.org/giftplanning