You can extend your personal philanthropy and generosity well into the future through Planned Giving. A planned gift can protect your assets, provide for your family, and guarantee you income for life. By making a charitable bequest in your will, you can make a significant impact through a gift that costs nothing in your lifetime.
Ways to make a Planned Gift:
- Wills and Living Trusts – secure a charitable estate-tax deduction for the value of the gift and know that your generosity will support our mission for years to come.
- Retirement Plans – your retirement-plan benefits are likely a significant portion of your net worth, and because of special tax considerations, they could make an excellent choice for funding a charitable gift.
- Appreciated Securities – gifts of long-term appreciated property can generate the most favorable tax benefits: a charitable deduction (in most cases) for the full fair-market value of the property plus avoidance of any potential capital-gain tax.
- Life Insurance – life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
- Tangible Personal Property – you are entitled to a charitable deduction for personal property such as works of art (not created by donor), rare books, stamp, or coin collections.
- Real Estate – most kinds of real estate can be donated to WFHC, including personal residence, undeveloped land, farms, commercial buildings, and vacation homes.
We are happy to work with your lawyer or CPA to devise a planned gift that meets your objectives.