As a public 501(c)(3) charity…
- WAF accepts gifts from individuals, families and businesses for specific purposes or general endowment.
- WAF accepts and administers funds from other charitable groups to help them achieve their goals
- Gifts to WAF are usually tax-deductible!
Examples of gifts...
- Appreciated securities, property & real estate.
- Life insurance
- All Tax Deductible
For donors, the Foundation serves as a vital link between the Walker area and those who want to help it. The Foundation serves as a vehicle, assisting donors with varied interests and helping them achieve their philanthropic goals. The Foundation also works with donors and their professional advisors in structuring planned gifts, which are often beneficial to both the community and the donor. Use the form below to make your donation.
We've made it easy for you to make an online donation to the WACC in one of two ways: Online securly through Paypal, or via US Mail using the printable form below.
DONATING BY MEANS OF BEQUESTS
Bequests are one of the principal mechanisms for growth of the WAF endowment fund. Because bequests take a large variety of forms, it is not possible in a short summary to either cover them all or describe the advantages of each type. Here are several of the more common approaches for making bequests:
Designate the WAF as a beneficiary. Designating the WAF as a beneficiary of a life insurance policy, qualified retirement plan, taxsheltered annuity, or nonqualified annuity is simple and can benefit heirs by reducing or eliminating estate taxes.
Leave a bequest to the WAF in a will. This is an extremely simple way to transfer assets at death to charitable purposes. For donors who wish to manage assets while they are living, they may be bequeathed within the framework of a revocable living trust which can be changed at anytime up to death or incapacitation.
Create a charitable gift annuity. This enables the WAF to obtain a donor’s money up front in exchange for a promise by the WAF to pay the donor an income stream for a specified period, including for life. When the donor passes away, all remaining moneys goes to the WAF for purposes specified by the donor.
Create a charitable trust. This enables a donor to place appreciated assets into a trust, receive a guaranteed stream of income for not more than twenty years, and have what’s left in the trust revert to the WAF or the donor’s heirs. A charitable trust may be attractive to people with significant appreciated assets and a desire to utilize numerous tax advantages available to charitable trusts. It is important that such arrangements are thoroughly discussed within families and, since most of these methods involve significant tax ramifications (income, capital gains and inheritance), with financial advisors as well. Finally, it is equally important that the WAF have discussions with the donor before he/she establishes a bequest in order to ensure that the donor’s specific charitable wishes are understood and followed. Please contact a WAF board member for more information about bequests and their many advantages.