Leave a Legacy
Planned Giving
What is Planned Giving?
Planned gifts allow you to take advantage of the tax, financial and estate planning benefits of philanthropy. A planned gift can be made with almost anything: stocks, bonds, mutual funds, retirement plans or real estate.
In-Kind Donation
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An In-Kind donation is a non-cash gift made to a nonprofit organization, including goods, services, time, and expertise; basically, they are any donation that a nonprofit receives that isn’t monetary
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Tax-Free Distribution from an IRA
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People who are age 70 ½ or older can contribute up to $100,000 from their IRA directly to a charity and avoid paying income taxes on the distribution.
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After years of contributing to tax-deferred 401(k)s and IRAs, income tax is due on that money when you take withdrawals in retirement. Annual withdrawals from traditional retirement accounts are required after age 72, and the penalty for skipping a required minimum distribution is 50% of the amount that should have been withdrawn. However, if you are in the fortunate position of not needing your distribution for living expenses and are charitably inclined, you can avoid income tax on your required withdrawal by donating your money directly to a qualifying charity.
Donate through your Donor Advisor Fund
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A Donor Advisor Fund, or DAF, is a giving account established at a public charity.
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It allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time. Donors can contribute to the fund as frequently as they like, and then recommend grants to their favorite charitable organizations whenever it makes sense for them.
More Info
IWC is not a certified CPA or claim to be. Please consult your tax professional before making any financial decisions.
Create a Split Interest gift
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A split-interest gift is any “gift” in which a part of it is assigned to a charitable organization while another portion is set aside to benefit the donor (grantor) or their designated beneficiaries
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There are three types of Split Interest Gifts
Charitable Gift Annuity- Provides a guaranteed fixed income for life (up to two lives) in exchange for your gift.
Charitable Remainder Trust- This effective and powerful tax-saving tool permanently transfers assets in return for a lifetime income or set amount of years. When the trust fund ends the remaining principal passes to a designated organization.
Charitable Lead Trust- Transfer assets to a trust and the trust pays a designated organization income for a number of years. Trust assets ultimately return to you or your heirs.
Add IWC as a Beneficiary to your Estate
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.
IWC is not a certified CPA or claim to be. Please consult your tax professional before making any financial decisions.