Planning Now to Give Later. Options for planned giving include:
Making a gift from your will or trust is simple. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made.
Charitable Remainder Trusts
Charitable remainder trusts appeal to donors with appreciated assets such as real estate or securities. They allow you to receive income (or provide income to another person) for life with the knowledge that the funds remaining when the trust terminates will be used to support our endowment.
Charitable Gift Annuities
Charitable gift annuities guarantee you (or someone you name) a certain fixed income for life. At the death of the last annuity recipient, assets will be used to support our endowment.
Life insurance can be used as a charitable asset, thereby enabling you to be eligible for a charitable tax deduction based on the current value of the paid-up policy. Or you can support our endowment by making it the beneficiary of part or all of the insurance proceeds.
Retirement Fund Assets
Donating retirement funds assets from qualified plans or IRAs upon your passing, are ideal for charitable giving purposes because these assets are often heavily taxed. This option offers an opportunity to avoid income and estate tax.
Qualified Charitable Distribution from IRA During Lifetime
For donors 70 1/2 or older, annual lifetime distributions up to $100,000 directly from one's IRA custodian to a public charity (some exclusions apply) are easy to do and those amounts can count toward the donor's required minimum distribution without the donor having to claim income.
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Please contact Kelly Nevins, WFRI Chief Executive Officer, about your options for making a planned gift.