Charitable Remainder Trust

Charitable Remainder Trusts (CRTs) are incredibly beneficial when you are considering the sale of an appreciated asset that would result in paying capital gains tax.

By transferring the appreciated asset (securities, real estate, business interest) to the “tax exempt” CRT, you eliminate the capital gains tax AND you create an immediate income tax deduction.

The CRT is designed to provide you with income for a term of years or for your lifetime. For estate tax purposes, assets in the CRT are not included in your taxable estate, therefore possibly reducing estate taxes.

Give Smarter, Make a Bigger Impact with Donor Advised Funds

A donor-advised fund (DAF) is an easy and flexible way to give to the charities you care about. Think of it as a charitable “giving account”: you put in cash, stock, or other assets, get an immediate tax deduction, and then decide over time which nonprofits to support.

Your contributions can grow tax-free in the account, so your gift has the potential to make an even bigger impact before it reaches the charities you choose. Plus, if you donate appreciated stock or other assets, you can avoid paying capital gains taxes—meaning more of your donation goes straight to the causes you love.

A DAF makes giving simple, tax-smart, and effective—helping you make a lasting difference on your own schedule.

Maximize Your Giving with Qualified Charitable Distributions (QCDs)

A Qualified Charitable Distribution (QCD) is a simple and tax-smart way for individuals aged 70½ or older to give directly from their Individual Retirement Account (IRA) to a qualified charity.

By making a QCD, you can satisfy part or all of your required minimum distribution (RMD) without increasing your taxable income. This means your gift can reduce your overall tax burden while supporting the causes you care about.

You can transfer up to $100,000 per year directly from your IRA to charity—without paying income tax on the amount. Your gift goes straight to work helping others, allowing you to make a meaningful impact while enjoying significant tax benefits.

A QCD makes giving efficient, generous, and wise—helping you share your blessings and create lasting change.

Gifts of Collectibles

A gift of high-value art, antiques, or other collectibles would result in an immediate income tax deduction.

Gifts of Real Estate

A gift of appreciated real estate creates an immediate income tax deduction for the full fair market value of the appreciated asset. Furthermore, you avoid paying capital gains tax on the appreciated portion of the property.

IRA Rollovers

You can make a tax-deductible donation to Free Wheelchair Mission directly from your IRA.

Individuals subject to the annual Minimum Required Distribution (MRD) from their IRA must report distributions as ordinary taxable income. However, you can take advantage of a simple way to fund the gift of mobility and receive tax benefits in return.

You can give up to $100,000 from your IRA directly to a qualified charity such as Free Wheelchair Mission without having to pay income taxes on the money.

Life Insurance Policy Proceeds

By designating Free Wheelchair Mission as a beneficiary of your life insurance policy, you will provide us the opportunity to continue to support those in need far into the future with little expenditure. You may achieve this by contacting your life insurance company and requesting a beneficiary designation form.

Retirement Plan Proceeds

Gifting all or a portion of your retirement plan benefits is a tax-efficient way to support Free Wheelchair Mission.

The designated portion of the retirement plan gifted to Free Wheelchair Mission would be distributed tax free. If distributed otherwise, your heirs might be subject to income tax and possibly estate tax on the distribution of such assets. Gifting a portion of your plan to Free Wheelchair Mission may result in up to a 70% tax savings. You would still continue to take withdrawals from the plan for your lifetime, with only the remainder of the retirement plan passing to Free Wheelchair Mission.

Request a beneficiary designation form from your plan administrator to accomplish this.

Securities

Gifts of appreciated marketable securities can be transferred to Free Wheelchair Mission. (See information regarding Stock Transfers here.)

Stock donations have an immediate impact on Free Wheelchair Mission and often provide a tax deduction based on the current value of the gift.

Gifts Through Wills and Revocable Living/Family Trusts

You can support Free Wheelchair Mission with a gift that doesn't impact your cash flow, lifestyle, or family security.

By designating Free Wheelchair Mission as a beneficiary in your will or trust, your assets remain in your control during your lifetime. You can modify your gift to address changing circumstances. Under current tax law, there is no upper limit on the estate tax deduction for charitable bequests.

The gift may be a specific dollar amount, a percentage of your total estate or one or more specific personal assets from your estate. Additionally, your gift may designate a certain purpose of your choice within Free Wheelchair Mission operations or may simply supplement our general fund.

Contact your attorney regarding steps to add Free Wheelchair Mission to your will.