Planned Giving

Planned Giving allows you to create a legacy of philanthropy and support the work of Free Wheelchair Mission for years to come. We appreciatively accept several planned giving options:

Current Outright Gifts of Cash or Securities Outright gifts of cash can easily be made by check, credit card, or other means. Gifts of marketable securities can also be transferred to Free Wheelchair Mission. (See information regarding Stock Transfers here.) Either contribution will have an immediate impact on FWM and often provides a tax deduction based on the current value of the gift.
Gifts of Real Estate A current gift of real estate would result not only in an immediate income tax deduction for you, but it would also prevent you from having to pay capital gains tax in the future.
Gifts of Collectibles A gift of high value art, antiques or other collectibles would result in an immediate income tax deduction.
Life Insurance Policy Proceeds By designating FWM 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 FWM. The designated portion of the retirement plan gifted to Free Wheelchair Mission would be distributed tax-free. If distributed otherwise, your heirs would be subject to income tax and possibly estate tax on the distribution of such assets. Gifting a portion of your plan to FWM may result in up to a 70% tax savings. Such a gift also allows you to continue to take withdrawals from the plan for your lifetime, with only the remainder of the retirement plan passing to FWM. Request a beneficiary designation form from your financial advisor to accomplish this.
Gifts Through Wills You may name FWM as a beneficiary in your will. 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 FWM operations or may simply supplement our general fund. Contact your attorney regarding steps to add FWM to your will. 
Living Trust Investment

There are a number of trusts that may be created during life (“living trust”) that allow the beneficiary to be a charitable organization. For example:

  • Revocable Living Trust (aka Revocable Family Trust): This instrument operates much like a will, except that the assets titled within may be distributed privately rather than through the probate process. You may designate FWM as a beneficiary thereof to receive either a specific dollar amount, a percentage of the total trust property or specific trust property assets. An attorney will need to be consulted to create the trust document or make changes to a similar trust you may already have in place.
  • Charitable Remainder Trust: The creation of this instrument allows you to benefit from an income stream for a term of years or for your lifetime. Following the expiration of the term, the remaining principal is then distributed to FWM.  The transfer of assets to such a trust removes their value from your estate (for estate tax purposes) and provides an immediate income tax deduction based on the value of a portion of such transferred assets. An attorney will need to be consulted to create such a trust.
  • Charitable Lead Trust: The creation of this instrument provides for income payments to FWM for a term of years, thus providing an immediate benefit to FWM and later distributing the remaining principal to your heirs. The transfer of assets to such a trust removes their value from your estate (for estate tax purposes) and provides an immediate income tax deduction based on the value of a portion of such transferred assets. An attorney will need to be consulted to create such a trust.

 

The above information represents only some of the ways in which you may support FWM. If you would like to learn more, please contact Angela Gomez at 949.273.8470 x208 or agomez@freewheelchairmission.org. Also, as with any planning considerations, we strongly recommend that you consult your tax advisor or attorney before making any decisions.

 
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