Featuring:
Gifts of Securities
Gifts from Individual Retirement Accounts (IRAs)
Giving Through Your Will (Bequests)
Gifts of Life Insurance
Charitable Remainder Trusts
Gifts of Securities
Tax savings can be even higher when you donate appreciated securities
that you have held for more than one year. You can give the shares
of appreciated stock to directly to CDHH, receive a deduction
for the current value of the stock and you will not have to pay
any capital gain taxes. If you own securities that have gone
down in value it may be better to sell the stock first and then
donate the proceeds to CDHH. You may receive deductions both
for the charitable gift and for your capital loss. Gifts of stock
may be deducted up to 30% of your adjusted gross income in the
year you make the gift and/or carried forward over the next five
years.
Gifts from Individual Retirement Accounts
(IRAs)
There is a special opportunity for giving from your IRA that
is available only through the end of 2007. You can transfer funds
from your IRA directly to CDHH and avoid recognition of income.
This transfer is limited to persons who have attained age 70 ½ and
the transfer cannot exceed $100,000. The transfer to charity
may also be used to satisfy an individual’s required minimum
distribution.
Giving Through Your Will (Bequests)
Bequests from friends of the Center for the Deaf and Hard of
Hearing make a tremendous difference to us as more and more individuals
are in need of our services. We hope you will consider remembering
the Center in your estate plans when you create or revise your
will.
Types of Bequests
You have several options as you consider a bequest to the Center
for the Deaf and Hard of Hearing. For example, you can make
an unrestricted bequest to the Center. This permits CDHH to
use your bequest where it is needed most at the time your bequest
is received.
A second type of bequest is restricted to a specific purpose
or use. For example, your gift may be earmarked for a program
you are particularly interested in or as an addition to the
endowment fund.
Or, you might consider a combination of the two. That is,
a portion of the bequest might be unrestricted and another
portion might be restricted for the purpose or use you designate.
Methods for Making Bequests
There are several options to consider when you make a bequest
in your will. You could name the CDHH as beneficiary of a specific
dollar amount or a specific asset. For example, your bequest
could name certain securities or a vacation home. You may also
name CDHH to receive a percentage of the residue of your estate.
CDHH may be named as a contingent beneficiary of your estate.
This means that CDHH would receive that part of your estate
that would have passed to another person had he or she been
living at the time of your death. For example, your will can
indicate that everything is to go to your spouse unless your
spouse predeceases you—in which case the assets, or a
percentage of your estate would be assigned to CDHH.
It is important to use our correct legal name and address
when remembering the Center in your will. Please use the following:
Center for the Deaf and Hard of Hearing, a not for profit tax-exempt
organization, located at 10243 W. National Avenue West Allis,
WI 53227.
If you include a bequest to the Center for the Deaf and Hard
of Hearing in your will and choose to let us know, you will be
honored and thanked in advance.
Gifts of Life Insurance
Years ago you may have taken out a life insurance policy but
find you no longer need the insurance for you or your family.
You can donate an existing paid up life insurance policy to the
Center or simply name CDHH as the full or partial beneficiary.
For the gift of a paid-up policy, you will receive an income
tax deduction equal to the lesser of the cash value of the policy
or the total premiums paid. To qualify for the federal charitable
contribution deduction on a gift of an existing policy, you must
name us as owner and beneficiary.
Charitable Remainder Trusts
A charitable remainder trust allows you to make charitable contribution
to an irrevocable split interest trust. An individual establishes
an irrevocable trust and then donates gifts of cash or property
to the trust. In exchange, the donor and / or a beneficiary receive
a fixed percentage of the trust valued annually for life or a
period of years. At the death of the final income beneficiary,
the balance of in the trust is distributed to charity. You may
name the Center as sole beneficiary or name multiple charitable
beneficiaries of the trust. |
