Options for Planned Giving Include:
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.
Try Free Will
- No bequest to Women's Fund of Rhode Island is necessary or expected to use the Free Will tool and we won't be notified if you choose to use it, unless you share that information with us
- If you choose to include a bequest through Free Will to Women's Fund of Rhode Island, when you get to the “Charity” portion of the will flow (about 1/3 of the way through), select “Other” in the bottom right
- Enter in Women's Fund of Rhode Island’s Full Legal Name & EIN (we will provide the number upon request)
- Tell us about it! You'll be included in our signature Simone's Circle Planned Giving Society when you include us in your will
Please contact Kelly Nevins, WFRI Chief Executive Officer, about your options for making a planned gift.