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FAQ's

Frequently asked questions about the K-LOVE Air1 Foundation

General FAQ

Q: Is it possible to receive a lifetime income as a result of making a major contribution to The K-LOVE Air1 Foundation?
A: Yes. There are several methods of making a major gift to The K-LOVE Air1 Foundation and receiving a term certain or life income as a result. Some of the more common vehicles would include a charitable remainder annuity trust, charitable remainder unitrust, charitable lead trust, gift annuity, pooled income fund, etc.
Q: What is the appropriate wording in my will or trust document if I choose to name K-LOVE Air1 as a beneficiary?
A: Please contact Dan Rice directly at 800-525-LOVE extension 1715 or have your legal counsel contact us for specific wording that would fit your particular interest or need.
Q: Is The K-LOVE Air1 Foundation a tax-exempt organization?
A: Yes, the Foundation is recognized as a 501(c)3 tax-exempt organization.
 
Q: Are gifts to The K-LOVE Air1 Foundation tax-deductible?
A: In general, all contributions to The K-LOVE Air1 Foundation are deductible on both state and federal income tax returns. However, you are advised to consult your legal and financial advisors.

For Donors

Q: Can donors designate their contribution for specific projects and programs at K-LOVE Air1?
A: Donors may designate their contributions for a wide variety of programs, stations, equipment, etc. Please consult a member of the K-LOVE Air1 Foundation Staff for giving opportunities.

Yes, the Foundation is recognized as a 501(c)3 tax-exempt organization.
Q: Can several individuals, families, corporations or foundations participate in a designated naming opportunity?
A: Any quantity or combination of donors may participate in gifting opportunities at K-LOVE Air1.
Q: How are donors to K-LOVE Air1 recognized for their contributions?
A: In accordance with the wishes of the donor, all gifts will be appropriately recognized.
Q: To whom should I direct my questions regarding gift opportunities, designation opportunities or making a bequest or gift to K-LOVE Air1?
A: Please contact a member of The K-LOVE Air1 Foundation Staff.
Q: Does the total amount of a designated contribution go to the purpose designated?
A: Yes, all contributions are applied directly to the purpose designated by the donor.