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A gift of cash Usually made by check, these
gifts should be made payable to WCIHF. These gifts
provide the Foundation the greatest flexibility and
may also reduce your taxable income.
A gift by bequest You may make a provision for
a specific gift in your will; its as easy as
contacting your attorney. You can bequeath almost
anything including homes, securities, stocks and
bonds, farm land or crops, livestock, personal and
business property, vehicle, collections, mutual
funds, trusts, and antiques.
A gift of annuities Gift annuities are created
by simple contract between the donor and WCIHF. In
return for the gift, WCIHF guarantees the donor
and/or another person income for a lifetime
(sometimes called a life income plan). The donor is
entitled to a tax deduction in the year the annuity
is established with the amount dependent upon the
age of the person(s) receiving the annuity and the
applicable annuity rate.
Memorial or honor gifts Gifts in memory of or
in tribute to friends, relatives and loved ones can
be designated for WCIHF. Acknowledgement of the gift
will be sent to whomever the donor directs.
Gifts of life insurance Perhaps you no longer
need a life insurance policy you or your family
can donate all, or part, of the face value of the
instrument to WCIHF.
Gifts of assets Appreciated assets such as
securities and real estate qualify for a charitable
deduction of the full fair market value today even
though your cost may have been much less. Unlike a
sale, gifts of appreciated property entirely avoid
the capital gains tax.
Gifts of grain or livestock With a gift of
unsold commodities of grain and/or livestock, you
could make a significant investment in the future of
healthcare and still reduce your income tax.
Gifts of depreciated farm machinery With a
gift of depreciated farm machinery, farmers can
avoid paying income taxes on ordinary income from
the restored appreciation, and if the machinery has
a remaining cost basis, the donor can generally
receive a charitable deduction for the amount. |
