Formerly  known as the Trios Foundation

Your Legacy

Give in Your Will or Your Trust

GIFT PLANNING

Choose the Gift That Helps Your Family and Us the Most

Many people who support us say it's one of the most satisfying experiences of their lives and they would like to do more.
Here are some ways to support us or your favorite cause that you might not have considered.

 

To learn more contact the Foundation at 509-863-6895

or email Ken Daniel at ken.daniel@fh-wf.org

FAVORITE WAYS TO MAKE A GIFT

  • SECURITIES

    Stocks and publicly traded securities are easy to give and offer great tax advantages.

     

    You can:

    • transfer the stock to us electronically through your broker, or
    • send the stock certificate and a signed stock power for each certificate to us separately through the mail.
  • BEQUESTS

    Have you made provisions in your will or revocable living trust to benefit us? Three popular options are to leave us a percentage of your estate after making provisions for family and friends; leave us a specified sum of money; or leave us a particular piece of property.

  • LIFE INSURANCE

    Do you have life insurance policies that are no longer needed? For example, maybe you purchased policies for your young children who are now grown. To put them to use, consider donating the policies to us or simply naming us as beneficiary.

  • ENDOWMENTS

    When you make an endowed gift with cash, securities or other assets, only a portion of its income will be spent, allowing the remaining amount to continue growing. That portion of your gift will supplement our programs forever.

  • MEMORIALS

    You can create a memorial by making a donation to us today or by leaving us a gift through your will or living trust.

GIFTS THAT GIVE BACK TO YOU

  • CHARITABLE REMAINDER TRUST (CRT)

    A CRT will pay you either a variable or fixed dollar amount depending on whether you choose a unitrust or annuity trust, respectively-each year for the rest of your life from assets you place in a trust. After your lifetime, the balance in the trust goes to the charities of your choice. Plus, you are eligible for an immediate partial income tax deduction.

     

  • CHARITABLE LEAD TRUST (CLT)

    This charitable trust pays income to one or more charities, typically for a period of years, and then the remaining assets in the trust pass to noncharitable beneficiaries, such as family. Based on the circumstances, the type of property used and the intended beneficiaries, lead trusts can have significant estate or gift tax benefits.

OTHER TAX-SMART GIFT IDEAS

  • BANK ACCOUNTS AND CDS

    Are you aware that you can name us as the "payable-on-death beneficiary" of your bank accounts (savings or checking) or on any certificates of deposit? Upon your death, the assets will pass directly to us without going through probate. Visit your bank and request to name a beneficiary on your accounts or CDs. You can change beneficiary designations any time you wish.

  • SAVINGS BONDS

    When you redeem savings bonds, you typically pay income tax on the deferred interest. If you never redeem them, either your estate or the person who inherits them will have to pay the tax. So the best way to bypass the tax burden and make a charitable bequest is for you to add a codicil to your will or an amendment to your living trust that leaves your bonds to us.

  • RETIREMENT PLAN OR IRA ASSETS

    Because tax laws often subject retirement plan or IRA assets to the highest income tax when paid to your loved ones, leaving these assets to charity may be the most efficient estate planning option. We can receive all that's left to us from a retirement plan or IRA. Leaving these same assets to your loved ones, however, can expose the assets to income taxes at their ordinary income tax rate.

  • REAL ESTATE

    Giving real estate allows you to make a significant gift with a tax-friendly outcome. You can donate real estate in several ways:

     

    • Give the appreciated property directly to us. This earns you an immediate tax deduction for its fair market value and eliminates the capital gains taxes when you've owned the real estate for more than one year.
    • Make a gift through your will or living trust. Made as part of your estate plan, a charitable bequest gives your estate an estate tax deduction and supports our work long after you're gone.
    • Bargain sale. This means we purchase the property from you for less than its current value. This entitles you to a charitable income tax deduction for the difference between the sale price and the fair market value, reduces your capital gains taxes and provides you with cash from the sale.
    • Donate your home but keep living in it. Through a "retained life estate," you make a gift of your home while retaining the right to use and occupy the property during your life. You realize an immediate income tax deduction for a portion of your home's value.

READY TO GET STARTED?

We are always available to provide you with further information and suggestions on gifts that fit with your lifestyle and philanthropic goals. Please contact us today.

The information in this publication is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in the example 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 my impact your results.