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Planned Giving

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Planned Giving 2016-10-20T14:55:32+00:00

Planned Giving

photo by ron cooper

photo by ron cooper

You love the Willamette Heritage Center.

You are an enthusiastic member and supporter. You support WHC in every way you can.

What if you could....

convert one of your highly appreciated assets – like a vacation home, a rental property or a stock holding –into income for you or others in your family,
avoid paying capital gains taxes on the transfer of the asset (which you would pay if you sold it),
get a sizable income tax deduction in the year you make the transfer,
subtract the value of the asset from your eventual estate,

…and ultimately, make a larger gift to the Willamette Heritage Center’s future than you ever imagined?

Deferred gifts (also called “life income gifts” or “planned gifts”) can help ensure the Willamette Heritage Center’s future and provide you and your estate with valuable benefits.  Please inquire about ways you can do this.  We can help you get started by providing more information about these gift vehicles:

 TYPE

of Deferred Gift

What if my (our) financial circumstances change?
Can I arrange for income to be paid to me or others during life?
Are there tax benefits available?
Bequest by will or living trust

Revocable

No

Yes, to your estate

Life Insurance Beneficiary Designation

Revocable

No

No

Transfer of Life Insurance Policy Ownership (including Beneficiary designation)

Not revocable

No

Yes, income tax

Retirement Account Beneficiary Designation

Revocable

No

Yes, to your estate

Charitable Gift Annuity

Not revocable

Yes

Yes, income tax, capital gains tax, and estate tax

Charitable Remainder Trust

Not revocable

Yes, at least 5% annually

Yes, income tax, capital gains tax, and estate tax

Retained Life Estate in Personal Residence

Not revocable

No, but you can live in the home as long as you like after transfer of ownership

Yes, income tax, capital gains tax, and estate tax

 Tax benefits depend on your financial circumstances.

Please consult your tax and financial advisor to determine whether you can receive tax benefits.

 Bequests for unrestricted purposes: 

Unrestricted gifts are to be used for the greatest need at the time, to be determined by the Board. A general unrestricted bequest is especially valued by us.

  • For a bequest of securities, the possible language is: “I give the Willamette Heritage Center, headquartered at 1313 Mill Street SE, Salem, Oregon, 97301, EIN 93-6031792, all of my shares of XYZ stock or mutual fund to be used for the benefit of WHC.”
  • For a bequest of cash, the possible language is: “I give to the Willamette Heritage Center, headquartered at 1313 Mill Street SE, Salem, Oregon, 97301, EIN 93-6031792, the sum of (amount) to be used for the benefit of the Willamette Heritage Center.”

If you do not want to specify the exact amount or nature of the intended gift, perhaps because the size of the future estate is difficult to estimate, a proportional bequest is often the best way to accomplish your goals. We would receive a percentage of the estate or the residue of the estate, after all of the provisions have been met.

  • For a percentage bequest, possible language is: “I give to the Willamette Heritage Center, headquartered at 1313 Mill Street SE, Salem, Oregon, 97301, EIN 93-6031792, (percent) of my estate, or (percent of the rest, residue and remainder) of my estate, to be used for the benefit of the Willamette Heritage Center."

If you have any questions or would like to discuss planned giving, please contact our Development Director, Michelle Cordova at michellec@willametteheritage.org or at 503-585-7012.  Thank you for considering the Willamette Heritage Center in your plans for the future!