Ideas for Giving
To help support our legacy for Wisconsin communities
There’s a way that you—literally each and every person who visits here—can help preserve the unique Wisconsin Lions Foundation projects legacy of service through the Lions Pride Endowment Fund of WI, Inc.
The options are many ...
From simply channeling your routine internet searches through Good Search/Shop to making a multimillion dollar gift … from an on-line donation or memorial gift to a life income gift … from a single cash contribution to a multiple year personal pledge commitment … from an employer’s matching gift program to a tax advantaged estate plan … from making a bequest to communicating with us about a potential personal referral to a friend, family member or organization you believe could contribute.
You’ll find additional ideas and Planned Giving information highlighted here, including many ways to contribute to the Lions Pride Endowment Fund of WI, Inc. that can provide you with personal and/or your heirs with estate tax benefits. We hope you’ll find the material informative and helpful. And, of course, just contact us for more information, including specific literature for you and your personal professional advisors.
Tax Considerations and Planned Giving
Another important consideration is the potential tax issues for your heirs. For example, if a donor has both life insurance and IRAs, it would be more advantageous to gift the IRA to the Lions Pride Endowment Fund of WI, Inc. and your life insurance to your heirs. The IRA would be tax-free to the Foundation but taxable to your heirs.
We would be happy to answer any general questions that you may have, or you can consult with your attorney, tax advisor, or financial representative.
Gifts of Appreciated Property
Those who enjoy making charitable gifts are often pleased to learn that when long-term appreciated property (held more than 12 months) is given, an income tax deduction is generally allowed, based on the current value of the property rather than its cost. It is usually best to donate property that would be subject to the highest amount of tax if sold.
The combined benefits of bypassing tax on the capital gain, receiving an income tax deduction, and making a charitable gift can be substantial.
Increasing Retirement Income
The payments received from the gift plan will generally be based on the full value of donated property, not just what would be left after payment of tax on gain if the property were sold. Tax savings will also be enjoyed from the deduction available when the plan was created. This amount can be invested for greater income.
Federal Estate and Gift Taxes
Benefits of Planning
Charting Your Own Course: the Safari Legacy Society
Membership in the Lions Pride Safari Legacy Society is extended to those who provide for the Lions Pride Endowment Fund of WI, Inc. through a planned giving program of at least $20,000. Seven planned giving tools can be used individually or in combination to help you make charitable gifts while achieving the financial and estate planning goals that are important to you.
GIFTS BY WILL
“I give and bequeath to the Lions Pride Endowment Fund of WI, Inc. ___%
Such a provision creates an unrestricted bequest that assures the gift will be used where it is most needed. A gift bequest may also be designated for a specific WLF program, purpose or mission. In order to be recognized for Safari Legacy Society membership a copy of the will or a lawyer’s statement is needed and should be mailed for safekeeping to: Lions Pride Endowment Fund of WI, Inc., 3834 County Road A, Rosholt, WI 54473.
CHARITABLE REMAINDER ANNUITY TRUST (CRAT)
When the trust is created, capital gains tax can be avoided or postponed and an income tax deduction is available for a portion of the value of the property. This can possibly provide a higher level of income to the donor than if the asset had been sold, capital gains tax paid and the balance invested. Upon termination of the trust, the remainder goes to the Lions Pride Endowment Fund of WI, Inc.
CHARITABLE REMAINDER UNITRUST (CRUT)
CHARITABLE LEAD TRUST
LIFE INSURANCE PLANS
You can indicate a specified dollar amount or percentage of assets you wish to allocate to the Lions Pride Endowment Fund of WI, Inc. This can be designated when the fund is first established or it can be added later. Your plan administrator or financial representative can help you make the correct beneficiary designations.
In 2011 a special IRA tax provisions permits those over 70-1/2 years old, required to make a withdrawal, to donate withdrawn IRA funds without incurring personal tax liability.
POOLED INCOME FUND
Capital gains taxes can be avoided and an income tax deduction is available for the present value of the Charity’s remainder interest. This can potentially provide a higher level of income to the donor than if the asset had been sold, capital gains tax paid, and the balance reinvested.
Upon death of the income beneficiaries, the remainder of the gift is removed from the trust and passes to the Charity. The Lions Pride Endowment Fund of WI, Inc. anticipates the establishment of such a Pooled Income Fund in the future; please inquire.