A gift to Wellness Within can be part of a comprehensive financial plan. A properly planned gift may help you reduce or eliminate capital gains, gift, and estate taxes. You may realize immediate income tax savings as well.
A bequest is a common planned giving vehicle that gives you the opportunity to make an important gift to Wellness Within while preserving assets during your lifetime and reducing federal taxes on your estate. A bequest can be made through a will or revocable trust, or by designating Wellness Within as a beneficiary of your insurance policy or retirement plan. There are several types of bequests, which can be made in specific amounts, in tangible assets, or as a percentage of your total estate.
If you are considering including Wellness Within in your will, we recommend you discuss options and sample language with your attorney and/or financial advisor.
Life Income Gifts
Many donors elect to make arrangements during their lifetimes that aid Wellness Within while enabling them to receive ongoing income, plus:
1. Get a generous charitable income tax deduction
2. Reduce or eliminate the capital gains tax
3. Reduce estate tax and probate costs
Charitable Gift Annuities
Of all the gifts that pay you back with a life income, the charitable gift annuity may be the simplest and most affordable. You contribute a gift directly to Wellness Within, which agrees to pay you a fixed income for life. The annual annuity rate is determined by the age of the annuitant(s) at the time payments begin. Gift annuities are simple (most agreements are one page or fewer) and secure (your income is based on Wellness Within’s overall assets, not just by the principal amount of your gift). Best of all, they can be created for as little as $10,000.
Charitable Remainder Trusts
Charitable remainder trusts have a higher minimum requirement but can be structured to maximize your benefits. A unitrust aims to provide the greatest possible annual income. An annuity trust enables you to lock in the amount of money that will be paid to you.
We strongly encourage you to contact your attorney and/or financial advisor to discuss your planned giving intentions with Wellness Within and determine what works best for your particular circumstances before finalizing your planned gift.
If you have already included Wellness Within in your financial or estate plans, please let us know by contacting us at email@example.com. Thank you!