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Gifts That Reduce Your Taxes

Give hope and enjoy tax benefits. Your gift can help children and families thrive. You may receive tax benefits now, or create a future gift that supports WCEL and benefits your loved ones.

  • Cash is the simplest and quickest way to make an immediate impact for WCEL. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer. Donate Here

  • Transfer ownership now:

    To make an impact on our mission today, irrevocably designate WCEL as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you can receive an immediate income tax deduction based on the cash value of the policy.

    If your policy is not yet paid up, you will make contributions of cash to WCEL to cover future premium payments. For any continuing premium payments you make, you can receive a charitable deduction in the year you make the payment.

    Name us as a beneficiary:

    You can name WCEL as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, WCEL will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time, and with this option, you may reduce your estate taxes.

    This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

  • A gift of artwork, coins, antiques, or other personal property can be an excellent way to support WCEL. The tax benefits of the gift depend on whether WCEL can use the property in a way that is related to its mission.

  • An estate gift of retirement assets—such as an IRA, 401(k), or other tax-deferred account—is a powerful way to support WCEL’s mission.

    These gifts can reduce tax burdens for you or your heirs while helping ensure children with developmental delays receive the care and support they deserve for years to come.

    If you’re interested in making an outright gift from your IRA, known as a Qualified Charitable Distribution, fill out this form.

  • When you redeem savings bonds, you will owe income tax on the appreciation, or the increase in value. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to WCEL. Because WCEL is tax-exempt, 100 percent of your gift of savings bonds will go to supporting our mission.

    Benefits:

    • Reduce your income tax with a current gift of savings bonds.

    • Reduce income tax and possibly estate taxes for your loved ones, while creating your lasting legacy with WCEL, with an estate gift of savings bonds.

  • When you give appreciated stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) you receive an income tax deduction for the full, present, fair market value of the assets, and 2) you may completely avoid paying capital gains tax on the appreciation. This is one of the easiest, smartest gifts to give, and it can be one of the most useful in accomplishing your philanthropic goals.

    Please contact finance@wcel.net for instructions on how to make a gift of stock or securities.

Our Team is Here to Help!

Have questions or ready to get started? Fill out the form below and a member from our team will contact you.

The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.

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