Planned Giving

Planning Your Support of Wartburg

A planned gift is an investment in the future of senior care. By combining your desire to make a difference through charitable giving with careful financial and estate planning, you may be able to do the following:

  • Make a substantial impact – one that is greater than you dreamed possible
  • Increase your income
  • Realize immediate tax savings
  • Reduce the tax burden for your heirs

Including Wartburg in your planned gift is a simple way to ensure that we can continue to provide an enriching, safe lifestyle on our beautiful 34-acre campus.

Your gift can take the form of a:

Bequest (Will) - A will or living trust ensures that your loved ones will be provided for and your charitable goals are met. This can be done with a percentage of your estate, a specific amount, specific property, or a gift of the balance of your estate after all beneficiaries have received their bequests. Individuals who document their intention to provide a planned gift to Wartburg become members of the Passavant Society.

Retirement Designation - A beneficiary designation is the act of naming the person who will inherit an asset in the event of the account owner’s passing. Some common examples include life insurance policies and retirement accounts. When the account owner passes away, their assets are then transferred to the beneficiary that they designated. Make Wartburg the beneficiary of all or a portion of your retirement plan, bank accounts, life insurance policy, or donor-advised fund.

You may be able to make a larger gift then you thought possible by giving “what’s left” in your retirement account or pension plan. This allows you to stay in control of your retirement funds during your lifetime and make a gift to the charity of your choice after providing for yourself and your loved ones.

Life Insurance Policy - You may have a life insurance policy that you purchased to protect children who are now grown, family members who have predeceased you or to fund a now-completed educational plan. These plans may have a significant value, and make excellent charitable gifts. You might take out a new policy in the name of the charitable organization; name the charity as the beneficiary of an existing policy; or transfer ownership of an existing policy to the charity. You’ll receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.

Life Income Gift or Donor Advised Fund - A donor-advised fund is like a charitable investment account for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth, and you can recommend grants to virtually any IRS-qualified public charity.

Life Estate – When creating a life estate, you are in effect passing part of the ownership of a home to another person. This could be thought of as a way to pre-gift your home to your heirs while still retaining joint ownership. You would retain use for your lifetime but receive an immediate tax deduction.

Gifts of Stock – By donating stock directly to Wartburg, you can avoid recognition of capital gain and eliminate in income tax resulting from the sale of stock. More than 50% of Americans own securities, so it is no wonder more people are giving stocks, bonds, and mutual funds to charity. By giving securities instead of cash, you may benefit from tax savings that would allow you to make a larger gift.

Join our Passavant Society - Those who have documented their intention to provide a planned gift to Wartburg become members of The Passavant Society. Members of this legacy circle of thoughtful supporters receive benefits like preferred parking on campus, ticket to our Annual Jazz in June Gala, and advanced access to on-campus events.

Please contact us for more information about giving stocks, mutual funds, or bonds. We can work with you and your financial advisors to help you plan a gift to Wartburg that meets your needs and expectations.

Office of Institutional Advancement
WARTBURG
One Wartburg Place
1-914-513-5179

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