PLANNED GIVING

Consider leaving a legacy of support by making a planned gift to the WPA. Planned gifts allow you to combine your charitable-giving goals with your estate- and financial-planning goals. Your gift will provide lasting benefits through our education and outreach efforts.

Planned gifts for all income levels
We offer planned-giving arrangements that are feasible for donors of all income levels. Gifts vary from a simple will bequest to arrangements that help you maintain financial independence through favorable income and tax-saving benefits.

Bequests through wills and trusts
Have you remembered the WPA in your will or trust? You can make a charitable gift to the WPA in your will, called a bequest. Bequests frequently allow much larger gifts than donors may have thought possible during their lives. Bequests can be for a specific dollar amount or a certain percentage of your estate. The government allows an unlimited estate tax charitable deduction, and the gift is fully deductible from the estate before estate taxes are applied. A bequest is a simple way to make a gift.

Here is sample bequest language that you can take to your attorney to add to your will:
“I give to the Wisconsin Parkinson Association, Inc., which is located at 2819 W. Highland Boulevard, Milwaukee, WI 53208, ______ (insert either a dollar amount or a percentage of your assets).”

Life insurance
This is a simple way to make a significant gift if you own life insurance that is no longer needed. If you make the WPA the owner of the policy, you will receive an income-tax deduction for the policy’s fair market value or cost basis, if lower, on the date of the gift. If you name the WPA the beneficiary of the policy and retain ownership, you will receive an estate-tax deduction.

Donor-restricted funds
With a charitable gift of at least $10,000, you may establish a permanent, named endowment within the WPA and designate a specific purpose for the use of the interest from the fund. If you have a special concern or interest within WPA’s mission, this is a powerful way to make a difference for many years.

Charitable gift annuities
Charitable gift annuities let you make a gift now, enjoy key tax advantages, and receive income for the rest of your life – guaranteed. Rates are often better than other current investments. After your death, the remaining principle passes to the WPA to support its mission or a program of your choice.

Charitable trusts
A charitable remainder trust (CRT) is a popular planned-giving option that helps you and the WPA. You benefit by receiving income from your charitable gift and saving taxes. The WPA receives the “remainder” of the trust once payments are complete. A CRT is similar to a gift annuity but more complex to set up. There may be other advantages or disadvantages that require more discussion.

A charitable lead trust (CLT) is the opposite of the remainder trust. In this case, the charity receives an annual income from the trust for a set number of years, and your heirs receive the remaining principle. There will be significant estate tax savings for the family.

A planned gift can be an enjoyable and beneficial part of your charitable-giving strategy. There is no better way to “leave your legacy” than giving back to a cause that you care about. If you have any questions about this information or would like more information about a planned gift to the WPA, please contact the WPA at (414) 312-6990 or (800) 972-5455.