Legacy Giving
The We Care Arts Legacy Society was established to help provide for the long-term financial stability of the We Care Arts Program. The Legacy Society represents committed people who have seen the impact of We Care Arts on the lives of many people. Legacy Society members support the We Care Arts Mission and as a body symbolize their desire to see the We Care Arts programs and services continue.
We ask that you consider including We Care Arts in your charitable plans. By doing this now, you may find that tax advantages can increase the value of your estate, enabling you to do more than you might ever have dreamed possible.
For additional information on Legacy Giving, contact Terry Schalnat at (937) 252-3937 or email her at tschalnat@wecarearts.org
Gifts may be made in several ways to help maximize your charitable benefits, including:
Bequests by Will
A bequest to We Care Arts Legacy Fund through a Will permits your family to retain the use of your assets or property during your lifetime. Bequests may be designated for a percent of your estate, a specified amount or the remaining property after all other obligations are fulfilled.
Life Insurance
When the added protection of an insurance policy is no longer needed, transferring the policy’s ownership to We Care Arts Legacy Fund can result in tax benefits for you and serve as a gift for We Care Arts Legacy Fund. We Care Arts Legacy Fund can also be included as a beneficiary, contingent beneficiary or owner of a new or existing policy.
Retirement Funds
You can designate We Care Arts Legacy Fund as the beneficiary or contingency beneficiary of your retirement plan assets. Since retirement plans are more heavily taxed than other estate assets, this can significantly reduce your estate tax liability and eliminate the income tax that would be payable by a beneficiary other than a charitable organization.
Charitable Remainder Trusts
A Charitable Remainder Trust can provide income to you or other individuals you designate for the beneficiary’s lifetime or for the trust’s term. Thereafter, the trust principal will go to support The We Care Arts Legacy Fund.
Charitable Lead Trust
A Charitable Lead trust may be used to build The We Care Arts Legacy Fund over time while providing you with beneficial tax deductions. At the end of the trust’s term, the remaining assets are transferred to specified individuals or to you.
Charitable Gift Annuities
A Charitable Gift Annuity can be established through the Dayton Foundation by making a gift of cash or securities worth at least $10,000. The annuity guarantees a fixed stream of income for life for you and/or your other designated individuals and provides an immediate income tax deduction for the gift. Upon the death of the last beneficiary, any remaining amount will go to support The We Care Arts Legacy Fund.
Outright Gift
A direct gift of cash, appreciated securities or real properties may be the most convenient way for you to make a contribution to the We Care Arts Legacy Fund. Gifts of long-term capital gains assets (appreciated assets held more than one year) may save you taxes and maximize your gift.
Disclaimer
The information contained here is not intended as legal advice. For legal advice, please consult an attorney. Examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
For additional information on Legacy Giving, contact Terry Schalnat at (937) 252-3937 or email her at tschalnat@wecarearts.org