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. |
