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This quick summary can help you compare some the different options you have for making a gift, based on your personal goals.
 

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.

  • 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

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
  • 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

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
  • 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

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
  • 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

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
  • 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

To create a legacy after your lifetime.

  • 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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