Your Charitable Goal |
What Gift to Consider |
Benefits |
To make a current gift to Wentworth's Annual Fund, or to support a specific cause at the Institute. |
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- The satisfaction of having an immediate impact on the Institute
- Immediate income tax deduction
- Avoids capital gains tax (if you use appreciated assets)
- Giving Society membership
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To make a significant gift without a large cost to yourself. |
- Contributing a whole life insurance policy you no longer need
- Naming Wentworth as a sole-, co-, or contingent-beneficiary on an insurance policy
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- Potential for a large gift to Wentworth now, without a large cost to yourself
- Current income tax deduction
- Possible future tax deductions for gifts to pay existing policy premiums
- Possible ability to use the cash value in your policy to fund a life-income gift
- Giving Society membership
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To give retirement fund assets to charity rather than have your estate pay high tax rates on them. |
- Naming Wentworth as the residual beneficiary of your retirement plans after your death
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- You continue to withdraw assets during your lifetime
- Potential for a large gift to Wentworth later, which costs you nothing now
- Avoids high income and estate tax; leaves more to your family
- Has a huge impact on Wentworth's programs
- Giving Society membership
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To give a gift of real estate. |
- Making an outright gift of an asset no longer needed
- Making an outright gift of a highly appreciated piece of real estate
- Giving your personal residence, vacation home, or farm, but continuing to live there
- Selling the property to Wentworth at a "bargain" price
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- For "bargain" sales, you receive both cash and a charitable deduction
- You can choose to give your residence, but continue to live there for the rest of your life
- Valuable charitable income tax deduction
- Comfort of knowing your home or sentimental property is being used to benefit the education of students
- Reduced estate taxes
- Possible capital gains tax savings
- Giving Society membership
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To give a gift while simultaneously creating income for yourself. |
- Creating a trust or gift annuity that pays you or your loved one(s) an income for life, or for a set number of years
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- Receive (or provide a loved one) either a fixed or a variable income for life (or for a specified number of years)
- Receive an immediate tax deduction
- Leave a powerful gift to Wentworth
- Possible reduced probate costs and estate taxes
- Giving Society membership
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To create a legacy after your lifetime. |
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- You keep control of your assets during your lifetime; you can make changes if your circumstances change
- Donation is exempt from federal estate tax
- Gift reduces your overall taxable estate
- Giving Society membership
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