Featuring:
- CCHD Legacy Society
- Gifts of Securities
- Gifts from Individual Retirement Accounts (IRAs)
- Giving Through Your Will (Bequests)
- Gifts of Life Insurance
- Charitable Remainder Trusts
CCHD Legacy Society
In 2004, CCHD founded the Legacy Society, to recognize those who have included the Center for the Communication, Hearing & Deafness in their estate plans. These special donors have ensured that their lifetime of generosity will carry on and that CCHD will receive the financial support it needs to continue impacting the lives of children and adults affected by hearing loss.
As the Legacy Society grows, members will be recognized and invited to a special event each year. Of course, we will respect the wishes of those who prefer to remain anonymous as well. If you have already included CCHD in your estate plans, please let us know so that you can be invited to join the Legacy Society.
Please call
Dorothy Kerr
at 414-604-2200 for complete details on the Legacy Society or for additional information on planned giving options that may benefit you as well as those served by the Center for Communication, Hearing & Deafness.
Gifts of Securities
Tax savings can be even higher when you donate appreciated securities that you have held for more than one year. You can give the shares of appreciated stock to directly to CCHD, receive a deduction for the current value of the stock and you will not have to pay any capital gain taxes. If you own securities that have gone down in value it may be better to sell the stock first and then donate the proceeds to CCHD. You may receive deductions both for the charitable gift and for your capital loss. Gifts of stock may be deducted up to 30% of your adjusted gross income in the year you make the gift and/or carried forward over the next five years.
Gifts from Individual Retirement Accounts (IRAs)
There is a special opportunity for giving from your IRA that is available only through the end of 2009. You can transfer funds from your IRA directly to CCHD and avoid recognition of income. This transfer is limited to persons who have attained age 70 ½ and the transfer cannot exceed $100,000. The transfer to charity may also be used to satisfy an individual’s required minimum distribution.
Giving Through Your Will (Bequests)
Bequests from friends of the Center for Communication, Hearing & Deafnessmake a tremendous difference to us as more and more individuals are in need of our services. We hope you will consider remembering the Center in your estate plans when you create or revise your will.
Types of Bequests
You have several options as you consider a bequest to the Center for Communication, Hearing & Deafness. For example, you can make an unrestricted bequest to the Center. This permits CCHD to use your bequest where it is needed most at the time your bequest is received.
A second type of bequest is restricted to a specific purpose or use. For example, your gift may be earmarked for a program you are particularly interested in or as an addition to the endowment fund.
Or, you might consider a combination of the two. That is, a portion of the bequest might be unrestricted and another portion might be restricted for the purpose or use you designate.
Methods for Making Bequests
There are several options to consider when you make a bequest in your will. You could name the CCHD as beneficiary of a specific dollar amount or a specific asset. For example, your bequest could name certain securities or a vacation home. You may also name CCHD to receive a percentage of the residue of your estate.
CCHD may be named as a contingent beneficiary of your estate. This means that CCHD would receive that part of your estate that would have passed to another person had he or she been living at the time of your death. For example, your will can indicate that everything is to go to your spouse unless your spouse predeceases you—in which case the assets, or a percentage of your estate would be assigned to CCHD.
It is important to use our correct legal name and address when remembering the Center in your will. Please use the following:
Center for Communication, Hearing & Deafness, a not for profit tax-exempt organization, located at 10243 W. National Avenue West Allis, WI 53227.
If you include a bequest to the Center for Communication, Hearing & Deafness in your will and choose to let us know, you will be honored and thanked in advance.
Gifts of Life Insurance
Years ago you may have taken out a life insurance policy but find you no longer need the insurance for you or your family. You can donate an existing paid up life insurance policy to the Center or simply name CCHD as the full or partial beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary.
Charitable Remainder Trusts
A charitable remainder trust allows you to make charitable contribution to an irrevocable split interest trust. An individual establishes an irrevocable trust and then donates gifts of cash or property to the trust. In exchange, the donor and / or a beneficiary receive a fixed percentage of the trust valued annually for life or a period of years. At the death of the final income beneficiary, the balance of in the trust is distributed to charity. You may name the Center as sole beneficiary or name multiple charitable beneficiaries of the trust. |
