Support WKAR
10:13 am
Wed December 7, 2011

Leadership Giving - Planned Giving

 Through the creative process of having planned giving strategies incorporated within your comprehensive estate plans, you can fulfill philanthropic goals, reduce income taxes, avoid capital gain and estate taxes, retain a life income, increase spendable income, and reduce costs of estate settlement, all while enjoying the satisfaction of providing significant future financial support for WKAR designated per your wishes.

We invite your inquiries and would be pleased to discuss with you and your advisors how a planned gift to WKAR may be arranged to meet your philanthropic and financial goals.

We would be most honored to be remembered as a part of your legacy. For more information about planned giving opportunities to support WKAR, please don't hesitate to contact:
 Cindy Herfindahl
Cindy@wkar.org
517 432-3120 ext 357

Charitable Bequests
Gifts of Retirement Plan Assets
Gifts of New or Existing Whole-Life Insurance Policies
Charitable Life Income Plans
Charitable Gift Annuities

Charitable Bequests
Gifts provided through personal trusts and wills have become the foundation of the American philanthropic tradition. In fact, the vast majority of planned gifts established for and ultimately received by WKAR are the result of charitable bequests established in one's will or personal trust.

Charitable bequests can take various forms. These include: specific bequest, residuary bequest, and contingent bequest. Such gifts enable you to make significant contributions that may not have been possible during your lifetime.

Gifts of Retirement Plan Assets
Do you know that your retirement plan assets are facing double taxation? Retirement plan assets are often significantly diminished by estate taxes and these assets are also taxed to the beneficiary(ies) as ordinary income.

If you can make alternative provisions for your family using other assets, there is a much more efficient option for the disposition of your remaining retirement plan assets -- direct them to WKAR as a charitable gift.

Gifts of New or Existing Whole-Life Insurance Policies
Life insurance can play an important and significant role in charitable giving. To avail yourself of this planned giving opportunity, WKAR should be named as sole beneficiary and owner of the life insurance policy. Your annual gift(s) to WKAR for the premium payments will qualify for a charitable deduction in the year your gift(s) for the premium is received.

Contact the major & planned giving staff at WKAR for more information on the criteria and guidelines for recognition in any of WKAR's major donor societies through a gift of life insurance. We realize that if you need your life insurance for the future financial security of your family, those concerns must come first. But there are ways you can fulfill personal requirements and still remember WKAR.

Charitable Life Income Plans
Charitable remainder trusts and charitable gift annuities represent creative developments in the evolution of charitable estate planning. Their flexibility enables you to provide a lifetime stream of income for yourself and/or your beneficiaries, satisfy philanthropic goals, and avoid substantial estate or transfer and capital gains taxes.

Charitable Gift Annuities
The charitable gift annuity and deferred gift annuity are planned gifts that are remarkably simple to establish. In exchange for a transfer of cash or marketable securities, the MSU Foundation will contractually agree to pay a guaranteed stream of lifetime income to you and/or another beneficiary. Long-term appreciated securities are excellent assets to utilize when funding a charitable gift or deferred gift annuity.

Legacy Society
The WKAR Legacy Society recognizes those who have established planned gifts for the future support of WKAR please let us know. We want to thank you!

 

As you consider how you might make a gift to WKAR, please consult your attorney, CPA or professional advisor for details regarding your personal tax situation.

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