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GIVE SMART
Your gift…Your legacy. Your act of generosity ensures our longevity.The Give Smart plan is a thoughtful way to ensure the life-changing mission of WARM continues well into the future. With a simple plan, you can establish an impactful investment during your lifetime…and beyond.
Perhaps a part of your own journey of faith has been nurtured and deepened through your outreach to WARM. You have given of your time and talent and invested financially to serve those in need in our community. Now you're asking, "How can I do more"?Consider continuing your life’s story. Here are five ways to build your legacy including what and how to give to provide long-lasting support of WARM and its mission to our community.
Keep in mind that when it comes to fulfilling your charitable goals, not all assets are created equal. Please consult with your financial advisor and/or attorney before you select the best option for your individual Give Smart Plan.
1. YOUR WILL OR TRUST
Including a gift to WARM in your will or trust is the most common and often the simplest way to make a legacy gift. Through a bequest in your will or trust, you can leave a percentage of your estate, a specific amount of money or the remainder of your estate after your gifts to other loved ones. With the help of an advisor, you can include language in your will or trust specifying a gift be made to WARM as part of your estate plan.2. BENEFICIARY DESIGNATION- Retirement Funds: Assets held in an IRA, 401(k) or 403(b) could be shared as a charitable contribution when you designate WARM as your beneficiary. Your advisor will guide you according to the most current tax status.
- Life Insurance: Life insurance can be a great way to leverage a little today into a lot tomorrow. Complete and return to your insurance company a form designating that WARM will receive all or a portion of the benefits associated with settling your life insurance policy.
3. IRA CHARITABLE DISTRIBUTION
You may be looking for a way to make a big difference to help further the mission of WARM. After you reach age 72 (or 70.5 if you were born before July 1, 1949), there is a way to reduce taxes on your IRA Required Minimum Distribution (RMD). Including a charitable gift from WARM to your RMD allows you to continue the work of WARM and provides personal tax benefits.
Benefits of an IRA Charitable Rollover include:- Avoid taxes on transfers of up to $100,000 from your IRA to our organization
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxabile income, even if you do not itemize
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of WARM
4. APPRECIATED STOCK
Sharing a gift of appreciated stock or other property can be another way to “give smart” to WARM. Your advisor can show you how to gain maximum tax benefits while fulfilling your Give Smart plan.5. DONOR-ADVISED FUNDS
A donor-advised or other charitable giving fund can be a simple way to manage giving to WARM during your lifetime and as a part of your estate plan. Let your fund advisor know of your selection of WARM. They will assist you to fulfill your intent.
At your request, WARM can provide suggested language for you or your advisor to ensure that your gift impacts WARM's mission to serve those in need in our community for years.
Is WARM already in your charitable estate plan? Is WARM named as a beneficiary of your retirement plan, life insurance or other account? If so, please let us know. Sharing this information will ensure your future gift will be used exactly as you intend.For a confidential conversation about your plans, please contact our Director of Development and Communication, Jessica Schmitt.
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Contact Us
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Jessica Schmittjessicawarmwesterville.orgDirector of Development and Communication
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