OTHER SPECIAL
GIFT OPTIONS
For questions concerning the following methods of gifting,
please contact Pete Christensen, Development Director, at
(800)546-WGRC, (570)523-1190 or
email
here.
A) GIFTS
OF APPRECIATED ASSETS - Stock and Real Estate
| |
Working through our partner, the Mennonite
Foundation, any of the following items can be received
prior to the sale, in such a way that donors can
receive both tax deductions and legal protection from
any capital gains taxes, providing a maximum benefit for
the gift. Appreciated Stock If
you own appreciated shares of stock that you have held
for more than one year, it is often more tax-wise to
contribute stock than cash if you itemize deductions on
your return. This is because gifts of appreciated stocks
generally offer a two-fold tax savings. In addition to
receiving an income tax deduction for the full fair
market value of your appreciated stock, you receive an
additional benefit by avoiding capital gains tax on the
appreciation of the stock. Please call us before making
any stock gift. Real Estate A
rental property, vacation home, farm, acreage, or a vacant lot
may have appreciated in value through the years and its
sale results in a sizable capital gains tax. By making a
gift of any portion of the property, you avoid the capital
gains tax on that portion while receiving a charitable deduction for the
full fair market value of the property. Please call us
before making a real estate gift. |
B) LIFE
INSURANCE - An Affordable Legacy
One of the easiest ways to make an estate gift to Salt &
Light Media Ministries, Inc. (WGRC) is to make us a
beneficiary of a life insurance policy.
C)
BEQUEST THROUGH YOUR WILL
A bequest through your will is the simplest form of gift
planning.
Salt & Light Media Ministries, Inc. (WGRC) can be named as a
beneficiary in your will in any one of a number of ways. An
outright gift, either a designated dollar amount or
percentage of your estate, could be specified. We could also
be named as a remainder beneficiary to receive funds only
after specific sums have been paid to individual
beneficiaries. It may be helpful to know that you can easily
add Salt & Light Media Ministries, Inc. (WGRC) to your will
through an amendment to your will called a codicil; thus
your entire will does not have to be redrafted. We recommend
that you consult an attorney who can express your wishes in
proper legal language. Most attorneys will write a simple
will for a reasonable fee.
We understand that bequest intentions are personal and that
you might wish to keep them confidential. If you are willing
to share them, we would welcome the opportunity to
acknowledge these intentions and make sure that your wishes
are understood.
Click here
for sample wording for your will.
D) PLANNED GIVING - Life Income
Annuities and Trusts
Salt & Light Media Ministries, Inc. (WGRC) works closely
with the Mennonite Foundation to offer some of the
charitable gift plans listed below.
Charitable Gift Annuities
A Charitable Gift Annuity is a simple contract that provides
a fixed payment to you for the rest of your life in exchange
for a gift to Salt & Light Media Ministries, Inc. (WGRC). In
most cases, a portion of the income you receive is tax-free.
If you prefer to delay income for a period of time, you may
choose a Deferred Charitable Gift Annuity. Deferring income
in this way enables you to have higher annuity payments.
Charitable Annuities can be funded with cash or by gifting
appreciated assets.
Charitable Remainder Trusts
A trust that provides income back to you or other
beneficiaries for a period of years or for your/their
lifetime, is a Charitable Remainder Trust. The balance
remaining in the trust after the income beneficiaries have
passed away is distributed to the charity(ies) of your
choice. Charitable Trusts can be funded with cash or by
gifting appreciated assets.
Charitable Lead Trust
A Charitable Lead Trust is an estate planning tool that
allows you to transfer the income from an asset to charity
while having the asset itself revert to your family after a
period of years. This can be an excellent planning tool for
those individuals and couples that are most concerned about
the effects of estate taxes upon their heirs. |
