An individual retirement account (IRA), also known as IRA Charitable Distributions, is the savviest way for individuals aged 70.5 or older to maximize their charitable impact.
Recommend a one-time or recurring donation to WINGS through your DAF.
When you donate appreciated cryptocurrency to WINGS, you don’t owe capital gains tax on those earnings, neither do we.
Create a legacy with a gift to WINGS in your will or trust and help bring an end to domestic violence for future generations.
Many companies offer a matching gift program to match employee charitable donations; some even match retired employee donations.
Planned giving is the process of planning a donation ahead of time. Oftentimes, planned giving is part of an estate plan, where monetary donations or donations of other assets are made to a charity once the donor has passed away.
Giving gifts of appreciated assets such as stock or cryptocurrency, donor-advised funds, or traditional IRAs are also considered planned giving as a donor receives tax benefits from these types of gifts while they are alive.
Planned giving is a way to support a donor’s favorite charities while also helping reach financial goals. It lets a donor decide how charitable donations fit into their overall financial plan now, including how their estate and assets will be managed after they pass away.
With planned giving, a donor can make a meaningful impact now and in the future.
Anyone can plan their giving! If a donor owns an asset, they can make a planned gift — either during their lifetime with specific types of gifts or after their lifetime through a beneficiary designation or bequest in a will or trust.
You can begin your planned giving conversations at any time – with your spouse, your family, or your financial advisor.
To begin your planned giving journey, you can:
Inform and educate yourself: learn how planned giving works and what types of gifts can be included as part of your planned giving now and in the future.
Build a list of your assets: know what you own and what you want to happen with your assets.
Examples of assets you can incorporate into your planned giving:
Research charities: if you want to make a lasting impact for a charity you are passionate about, consider which organizations you may want to include as part of your charitable planned gifts.
Connect with a professional advisor: A wealth manager, financial advisor, tax professional, or estate attorney can help you establish a plan that accomplishes what you envision with your planned giving.
Document and communicate your intentions: Clearly outline your planned giving wishes in your will or trust. Inform your chosen charities of your intentions so they can recognize your generosity and assist with any necessary paperwork.
Fill out this form or contact Shelley Welch, Director of Annual Fund and Charitable Giving at swelch@wingsprogram.com or (847) 519-7820 x222
Disclaimer: WINGS Program, Inc., does not provide legal, tax, or financial advice. This material is prepared and made available to you for informational purposes only. You should consult professional advisors concerning legal, tax, or financial consequences of your charitable activities.