I Have Estate Planning Questions
The information provided here is general in nature and is not meant to provide individual legal or tax advice. Please consult your tax and legal advisors for advice specific to your situation.
Benefits to Donors
Donating to the Woodhaven Retirement Community Endowment Fund offers three primary benefits:
One, it has tax benefits. The current tax code provides substantial incentives for charitable donations, particularly those that involve appreciated property. A few examples of the different type of gifts that can be made are:
- Cash donations are generally deductible in the year they are made.
- Stock and Bond donations result in tax deductions equal to the full fair market value with no tax on the increase in value of the security donated.
- With Life Insurance policy donations, both the present cash value and future premium payments are generally deductible.
- Real Estate donations result in a large income tax deduction based on various factors while retaining the donor’s ability to draw income from the real estate.
These are just a few examples of how you might benefit from donating. A tax advisor can help determine the specifics of your financial situation. The Endowment Fund Board is also available to assist.
Two, it provides a simple way to leave money in trusted hands after one’s death. A donor who lists the Woodhaven Endowment Fund as a beneficiary in his will knows that his estate value will be managed with integrity and support the ongoing work at Woodhaven.
Three, it aligns with one’s personal values. If you share Woodhaven’s commitment to providing Christian care for the elderly, the Woodhaven Endowment Fund enables you to continue helping that cause even after your time on this earth is over.
Please contact us to speak with someone further about your estate plan and giving situation.