How to Make a Planned Gift

Gifts Now

Appreciated Securities (or other assets) | The gift of appreciated securities is most often in the form of common stock or mutual funds. Such a gift is a valuable way to benefit WGPC and for you to receive tax benefits based on the fair market value of the assets. Other appreciated assets, like real estate, may be gifted, but it is important to discuss these in advanced with the church.

Real Estate | With prior approval of WGPC, real estate may be deeded outright to the church or left by bequest. The irrevocable gift of property may provide an immediate tax deduction and avoid capital gains. Due to complexities, be prepared to work with the church and qualified advisors to ensure that this is a suitable gift for both you and WGPC.

Life Insurance | Make a gift of a policy or buy a policy making WGPC the owner and beneficiary.


Gifts That Pay Income

Charitable Gift Annuity | The gift annuity is an irrevocable gift of cash or securities in which you receive a predictable fixed income for life. At termination, The church receives the residual value of the annuity. There are also potential tax benefits depending on your particular situation.

Charitable Remainder Trust | The remainder trust is an irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or for a set term. At the trust’s termination, the trust assets become a generous gift to WGPC. There are also potential tax benefits depending upon your situation.

Charitable Lead Trust | The lead trust’s income payments are distributed to the church for a set period of years, after which the assets are transferred back to the grantor or whomever the grantor has named the beneficiary. This provides generous annual support for the church now, removes the asset from the estate and passes an asset to heirs with little or no tax. There is no immediate deduction for the lead trust.


Gifts Later

Bequest | The bequest is a gift through your will or revocable trust that enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific item, a percentage or a residual bequest. You may also choose to make WGPC a contingent beneficiary in case the heirs are unable to receive the estate.

Retirement Plan Assets | In some cases, retirement assets can be the most heavily taxed assets in the estate. Naming WGPC as beneficiary can avoid that taxation, enabling the asset to pass tax free to the church. You may also make WGPC a percentage beneficiary or a contingent beneficiary of a retirement plan.

Bank or Investment Account | Financial accounts can be a simple and inexpensive way to leave a legacy gift for the church. Contact a financial advisor to see how easy the process is to make WGPC the beneficiary of a particular investment or bank account.

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