| Development
Planned Giving
Planned Gifts are gifts that are put in place today, but in most
cases, benefit Willow Brook at a future time. Sometimes referred
to as deferred gifts, a Planned Gift can generate current income
tax benefits and future estate tax savings, as well as a current
income stream. At maturity, the gift passes to Willow Brook. Several
ways of establishing Planned Gifts for Willow Brook include:
Wills and Bequests
One of the easiest ways to make a Planned Gift is by including
a bequest in your will. This, in fact, is the easiest and most frequently
utilized method of charitable support in America. Through a bequest
you can make your wishes known today without relinquishing needed
assets during your lifetime.
Both large and small bequests have played a major role in Willow
Brook’s support. A charitable bequest to Willow Brook make
take a number of forms including:
- A specific amount
- A percentage of the residual value of the estate
- A specific asset or group of assets
A bequest to Willow Brook and be included in the body of your will
or in an addition to it (a codicil). To name Willow Brook as a beneficiary,
please use the legal name, “Willow Brook Christian Communities,
Inc.”
Gifts made through a will are typically deductible for estate tax
purposes. It is strongly advised that an attorney be used to assure
the language used in your will appropriately expresses your wishes.
For additional information about wills contact the Development
office at (740)369-0048.
Gift Annuities
A Charitable Gift Annuity is a legal, contractual agreement between
a donor and Willow Brook. The donor makes a gift to Willow Brook
and, in return, Willow Brook agrees to make annuity payments to
the donor as long as he or she lives.
A Charitable Gift Annuity is designed to provide permanent future
support for organizations like Willow Brook and a lifetime of income
to the donor(s). The gift Annuity provides you with fixed annual
payments for life. It is the simplest of the life income plans.
The rate of interest paid on a Gift Annuity is based on the age(s)
of the income beneficiary(s), with older individuals receiving higher
rates. A Gift Annuity may actually provide you with increased income,
particularly if appreciated stocks or other assets such as Certificates
of Deposit currently producing a low return are used to fund the
agreement.
Your income tax deduction is based on the amount of your gift,
the ages of the beneficiaries and the Gift Annuity rate. A Gift
Annuity may be established with a minimum of $5,000, and you may
establish more than one.
In most cases, part of each annuity payment is tax-free return
of principle and part is ordinary income. If the annuity is funded
with appreciated securities – a portion of each payment is
treated as capital gain income.
For additional information about Charitable Gift Annuities contact
Development office at (740)369-0048.
Gifts of Life Insurance.
Naming Willow Brook as owner and beneficiary of a paid-up life
insurance policy entitles you to a deduction equal to your cost
basis in the policy, or its replacement cost – whichever is
less. A simple way to make a gift is to name Willow Brook as the
owner and beneficiary of a policy you no longer need. Naming Willow
Brook as owner and beneficiary of a policy that is not paid-up provides
an income tax deduction approximately equal to the policy’s
cash surrender value. Continued premium payments by the donor are
deductible for current income tax purposes. The Development Department
staff at Willow Brook would be happy to discuss these advantages
with you and with your insurance agent. Call them at 740-369-0048.
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Wills and Bequests
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Gift Annuities
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Life Insurance
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