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In addition to your will, which is by far the most important charitable gift-planning instrument, there are several valuable planning tools you can also use to benefit a favorite ministry or organization, such as Wheat Ridge Ministries, or to support your local church. Many of these vehicles can also benefit you by providing you income for life along with favorable tax benefits. These options can be important and valuable components of any Christian estate plan.
Leave a Legacy of Health and Hope Charitable Bequest Through your will or trust you may give:.
Benefits
Life Insurance By naming a favorite ministry or charitable organization as a prime or partial beneficiary of life insurance proceeds, you can make a significant charitable gift to Wheat Ridge Ministries or other ministries. Benefits
Retirement plan assets remaining from your retirement fund provide an excellent source for charitable giving. A gift of these assets to a favorite ministry or charity can actually increase the amount of your estate that is available to your heirs. Benefit
A life estate agreement is an arrangement whereby you transfer title to a personal residence, farm or yacht to charity while retaining the right to occupy and otherwise enjoy the full use of the property for your choice of a term of years or the lifetime of one or more individuals. Benefits
A fund held by a community foundation or other public charity, such as Wheat Ridge Ministries, where the donor, or a committee appointed by the donor, may recommend eligible charitable recipients for grants from the fund. The public charity's governing body must be free to accept or reject the recommendations. Benefits
Lifetime Income, Then Leave a Legacy of Health and Hope A charitable gift annuity is a simple written agreement through which you make a gift of cash and/or securities for the benefit of your favorite ministry or charity, like Wheat Ridge, and receive, in return, guaranteed payments for life, backed by the assets of the offering party. Benefits
Through a charitable remainder annuity trust or a charitable remainder unitrust, your gift(s) are converted to ongoing income payments made to you for a lifetime or term up to 20 years. At the end of the trust, the remainder will benefit the ministries or charities you designate. An annuity trust consists of a one-time gift with a percentage payout fixed at the time of the gift. With a unitrust, you can make multiple gifts. The income you receive is then calculated annually using a set percentage rate and the value of your trust's assets. This may increase or decrease depending on the value of the trust's assets. A testamentary trust, upon your death, provides an income to a surviving spouse or other named person for life or term of years, and then benefits the ministries or charities you designate. Benefits
With a charitable lead annuity trust you can designate your favorite charities or ministries to receive a regular, fixed amount from a trust you create for a specified time period (or for the lifetime of a designated person). After the term of the trust, the remainder passes on to your designated heirs or non-charitable beneficiaries. Benefit
Useful Brochures and Planned Giving Calculator Wheat Ridge Ministries is pleased to offer two helpful brochures, Stewardship and You (PDF Format) and The Estate Planning Workbook(PDF Format), as you prepare to visit your attorney. What would your planned gift look like? Calculate your gift through a Planned Giving Calculator.
For more information on planned giving, please contact Holly Harrison Fiala at (800)762-6748.
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