Charitable Gift Annuities
A charitable gift annuity (currently available for gifts of $10,000 or more in most states) provides you with a guaranteed fixed income for life in exchange for your irrevocable contribution, which may be in the form of cash and/or appreciated securities.
Charitable Remainder Trusts
With the assistance of an attorney, you can establish an irrevocable trust naming yourself, another individual, or a bank as a trustee. You may transfer cash, securities, or other property to the trust. The trust then pays income to you and/or other beneficiaries, such as the Wilder Home Association, for life or a term of up to 20 years at a certain percentage or dollar amount as determined when the trust is established.
The income and estate tax advantages of a charitable remainder trust can be significant.
One of the simplest ways to make a gift to the Wilder Home Association is through a beneficiary designation in your IRA, 401(k), 403(b), or other retirement plan. Due to the fact that retirement plans at final distribution may incur considerable taxation to your estate and heirs, a gift of these assets may be one of the lowest cost ways to provide for the Wilder Home Association.
Working through your plan provider, you have the option of naming the Wilder Home Association as a primary or contingent beneficiary of your retirement plan and designating either a stated percentage or dollar amount.