Planned Gifts

Wills
You can secure an estate‐tax charitable deduction for the value of the gift utilizing various types of bequests to Leadership Wisconsin. Best of all, you will know that your generosity will support our mission for years to come. You may state in your will or trust a sum of money, a percentage of your estate, a specific item, a work of art, or real estate that you wish to give to the Leadership Wisconsin. Whatever form of bequest you choose, it is not subject to estate or inheritance taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.

Life income gifts
Do you want to support Leadership Wisconsin but are concerned about having enough income for yourself and your loved ones? Life-income gifts such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of providing Leadership Wisconsin with vital, long-term resources. 

Retirement Plan Gifts
You may also consider using retirement-plan benefits to make a gift to Leadership Wisconsin. Retirement‐plan benefits include assets held in individual retirement accounts (IRAs) and assets held in accounts under 401(k) plans, profit-sharing plans, Keogh plans and 403(b) plans. Income taxes on retirement‐plan benefits are deferred but not avoided. That means that, as these assets are withdrawn during retirement by the account owner or the account owner’s spouse, they are subject to income tax. In addition, retirement‐plan benefits left to children, grandchildren and other beneficiaries at the death of the account owner are subject to both income tax and estate tax. This combination of income taxes and estate taxes can result in a tax hit equal to 60 percent or more of the retirement plan benefits.

Life Insurance
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (policy face value) for a relatively modest annual outlay (the premium payment).