Planned Giving
Planned gifts, including gifts from your will or estate, are gifts that anyone can make that may benefit you, your family, and PVA-WI today or in the future. You can take advantage of gifts that may help your situation from a tax standpoint today, or gifts that can benefit you and your family upon your passing.
Benefits of Planned Giving
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Ways to Give
Contribute to PVA-WI’s future. Plan for a special gift, such as a bequest in your will, life insurance, or more. There are many creative and flexible planned giving options that can benefit you and our organization:
Bequests – Gifts from Your Will or Estate
Charitable bequests are made through a will, a legal document that specifies how an individual’s property is to be distributed after death. A bequest made through either a will or a revocable trust can provide tax benefits to the donor and their heirs, as well as provide needed resources for PVA-WI.
Contact an estate planning attorney or click the button below to complete our complimentary online will planner.
Beneficiary Designation Gift
A beneficiary designation gift is an easy way to make a planned gift to support PVA-WI. You can designate us as a beneficiary of a retirement, investment, bank account, or current life insurance policy. The process is very straightforward – most banks and financial institutions will provide you with a form to complete to indicate the beneficiary or beneficiaries and their respective percentages.
This form is specific to each financial institution so it will require you to reach out and request it. Once you receive this form you simply name PVA-WI as a beneficiary using the information below.
- Beneficiary Address: 750 N Lincoln Memorial Dr., Ste. 422, Milwaukee, WI 53202
- Beneficiary Contact Number: (414) 328-8910
- Tax ID # of Beneficiary: 39-1393216
Gifts of Life Insurance
Individuals can also make a gift of life insurance by making PVA-WI the irrevocable owner and beneficiary of a life insurance policy that has cash value and is no longer needed. Individual donors, in many cases, may claim a charitable deduction when gifting a life insurance policy with cash value. You should contact your tax advisor or a professional appraiser to determine the deduction amount.
Gifts of Stock and Appreciated Securities
Gifting stock can often be more beneficial to individuals than gifts of cash. You can use appreciated stocks, bonds, and/or mutual fund shares that you have held long-term to make a donation to PVA-WI instead of cash. These gifts frequently help individuals avoid the tax liability on the appreciated value of the stocks, bonds, or securities.
Click the button below to donate stock online through our complimentary tool or contact us for more information.
Charitable Gift Annuities
These types of gifts are also known as “life-income” gifts. They are investment vehicles that provide the donor with a fixed income for life, based on the initial value of the investment, and after the passing of the donor, the remaining amount becomes the gift to PVA-WI.
Qualified Charitable Distributions (QCD)
A Qualified Charitable Distribution (QCD) makes it easier to use IRA assets, during lifetime, to make charitable gifts to PVA-WI. The QCD’s allows individuals age 70½ and older to make direct transfers of up to $108,000 per year (and up to $216,000 per year for married couples) from individual retirement accounts to qualified charities without having to count the transfers as income for federal tax purposes. So, these are “tax-wise” gifts for donors who must take an annual required minimum distribution from their IRAs. Since no tax is incurred on the withdrawal, gifts do not qualify for an income tax charitable deduction, but are eligible to be counted toward an individual’s minimum required distribution.
Provisions of the Qualified Charitable Distribution:
- Distributions must be made directly to a qualified charity by the plan administrator of an IRA. Retirement assets in 401(k), 403(b), SEP, or SIMPLE plans do not qualify but may be rolled into a new or existing IRA and transferred to the charity.
- Distributions may only be made to 501(c)(3) tax exempt organizations and cannot be made to donor advised funds, private foundations, or supporting organizations.
- Distributions may not be used to fund life-income gifts such as charitable gift annuities, charitable remainder trusts, or pooled income funds.
Charitable Trust
A charitable trust is another way to make your legacy live on for generations to come. Setting up a charitable trust can also have many tax incentives and financial benefits for those who want to set aside any high-value assets they don’t need to support themselves in retirement. By moving these assets into a charitable trust, you can avoid paying capital gains on real estate or stocks when they’re sold at a higher present value. There are two primary types of charitable trusts: charitable lead trusts and charitable remainder trusts.
These trust types mirror each other but serve different needs.
- Charitable Lead Trust: This trust type first distributes a portion of its proceeds to a charity, for which you’ll receive a charitable donation tax deduction equal to those payments. The remainder of the principal is then distributed to your beneficiaries.
- Charitable Remainder Trust: With this trust type, you choose to receive an income from the distribution of the non-income-producing assets you placed into the trust first. You’ll also receive a charitable donation tax deduction based on the present value of the remainder of the assets earmarked for the charity. At the end of the term or upon your death, your chosen charity receives the rest of the assets.
Contact Us
Please contact us at info@wisconsinpva.org or call (414) 328-8910 for more information on how we can help you begin supporting PVA-WI.
The information provided on this website is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other document.
