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Donation Levels and Benefits Special Friends of Frank Blau - $10,000
Foundation Builders - $1,000
Sustaining Member - $500
*Eagle Desk Ornament, Eagle Pin, Foundation Pin are all one time gifts, unless specially requested. **Donor wall schedule for completion at the end of 2010. |
Leave A Legacy
Since the Nexstar Legacy Foundation is qualified under Internal Revenue Code section 501(c)(3), donations to us may be deductible to an individual taxpayer or corporate donor. There are two principal ways that you can donate to the Nexstar Legacy Foundation using charitable trusts.
A Charitable Remainder Trust (charitable remainder unitrust or charitable remainder annuity trust) is an irrevocable trust established by you to provide an income stream to your named beneficiary until the termination of the trust. When the trust is terminated, the Nexstar Legacy Foundation then receives the remainder value of the trust. These "split interest" trusts are defined in §664 of the Internal Revenue Code (as amended) and are normally tax-exempt. Normally, the donor may claim a charitable income tax deduction, and may not have to pay an immediate capital gains tax when the charitable remainder trust disposes of the appreciated asset and purchases other property as it diversifies its portfolio of trust property.
With a Charitable Lead Trust, the trust assets are used to make payments, either of a fixed amount (charitable lead annuity trust) or a percentage of trust principal (charitable lead unitrust), to the Nexstar Legacy Foundation during the term of the trust. At the end of the trust term, the remainder of the trust assets can either go back to you or to other beneficiaries named by you (such as your heirs). With this kind of trust, you may sometimes claim a charitable income tax deduction or a gift/estate tax deduction for making a lead trust gift, depending on the type of a charitable lead trust.
Of course, each person’s financial plan is different, and you should consult a tax professional before creating such a trust to benefit the Nexstar Legacy Foundation.
Did you know that you may be able to use your IRA to leave a legacy?
Click here to find out more: IRA Rollover
A Special Thanks To Our Charter Donors
These men and women stepped up and donated to the Nexstar Legacy Foundation. We honor them as the foundation’s charter donors.
ABC Plumbing, Heating and Cooling
Jeff and Mike Allen
Jeff Belk
*Frank J. Blau Jr.
*Keith Broyles
Bill and Connie Buckingham
Buzz Burgett
Kenny Chapman
*Marla Coffin
Keith Cronin
Gregg D'Attile
Larry and Suzie Davies
Marty and Carol Donnelly
Michael Enright
*Tony Flaminio
Phil Frasier
Gene Love Plumbing, Air and Electrical
Mark W. and Christine L. Gibson
Tom Gillece
Gold Medal Plumbing, Heating, Cooling, Electric
Jim and Katie Hamilton
Ted Hasle
Peggy Hildebrandt
Michael Jezouit
Tom Kelly
Barry Kindt
Marty Kramer
Sanford Kramer
Steve Lowry
MacGregor Plumbing, Heating, Air Conditioning and Electrical
*Brad Martin
John P. Martin
Martin Masters
Matt Morse
Troy Neerings
*Greg Niemi
John O'Donnell
John and Jackie Pankraz
Michael Pann
Paula Quarles
Jude G. Raspino Jr.
William B. Raymond
Tom Robichaud
Runnemede Plumbing, Heating, Cooling and Electric
Peter Sanders
Jimmy Shafer
Arnie Shaw
Al Siefert
Tom and Vic Simenc
Jack Simonson
Larry Sinn
Bruce Solomon
Eric Stong
*Sandy and Karen Swartzberg
Dave Vogelgesang
Dave and Debbi Waldenberg
*John Ward
Dan Weltman
Edward Wolfe
* Denotes Founder
