Planned Giving
Create a legacy that will impact clean lakes for years to come. By including Minocqua Kawaguesaga Lakes Protection Association, INC in your estate plans, you can provide the resources necessary to grant your legacy now and in the future.
The terms “Planned Giving” or “Estate Planning” are used by professional estate planners when talking to their clients about what their financial goals and wishes will be after their lifetime. It’s a difficult concept to think about. Who will receive the remainder of your estate? Your family, maybe the grandchildren or perhaps charitable organizations near to your heart like, Minocqua Kawaguesaga Lakes Protection Association, INC
Talking about your goals and wishes with a professional estate planner can help you realize your dreams. There are many tools and options available to you to ensure your dreams are realized. The planning you do today will ensure your goals, your wishes create a lasting legacy.
If you are ready to begin your legacy today, you can use FreeWill to create your gift. FreeWill is a free, online tool that guides you through the process of creating a legal will in 20 minutes or less and makes it easy to include Minocqua Kawaguesaga Lakes Protection Association, INC.
Get started with FreeWill today.
Bequest
Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust can guarantee that your legacy endures.
Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified. Below is suggested language to take to your legal professional for use in drafting your bequest.
Sample Language
For an unrestricted gift that allows Minocqua Kawaguesaga Lakes Protection Association, INC to determine how to use the funds based on the most pressing needs, use the following language for your will and/or trust:
” I give the sum of $___ (or ___%) to Minocqua Kawaguesaga Lakes Protection Association, INC PO Box 494 Minocqua WI 54548, Tax ID 391786755, to be used or disposed of as its Board of Directors deems appropriate in its sole discretion.”
To designate your provision for a particular purpose:
“I give to Minocqua Kawaguesaga Lakes Protection Association, INC PO Box 494 Minocqua WI 54548 or its successor thereto, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as Minocqua Kawaguesaga Lakes Protection Association, INC determines that the need exists. If Minocqua Kawaguesaga Lakes Protection Association, INC shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then Minocqua Kawaguesaga Lakes Protection Association, INC may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”
If you have named Minocqua Kawaguesaga Lakes Protection Association, INC in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift.
However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.
Charitable Gift Annuities
Gifts That Pay You Income
There is a way for you to support Minocqua Kawaguesaga Lakes Protection Association, INC and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity you agree to make a gift to Minocqua Kawaguesaga Lakes Protection Association, INC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.
This type of donation can provide you with regular payments for life and allow Minocqua Kawaguesaga Lakes Protection Association, INC to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift. (see your tax professional for accurate details)
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property. (see your tax professional for accurate details)
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions. (see your tax professional for accurate details)
Charitable Remainder Trust
Solutions for Large Donations
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Minocqua Kawaguesaga Lakes Protection Association, INC.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Donor Advised Funds
Simplify Your Giving
A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Minocqua Kawaguesaga Lakes Protection Association, INC. and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
You can also create a lasting legacy by naming Minocqua Kawaguesaga Lakes Protection Association, INC.the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
Life Insurance
Powerful and Simple Way to Support Our Work
When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a meaningful way to support our work.
There are three ways to give life insurance to Minocqua Kawaguesaga Lakes Protection Association, INC:
1.Name us a beneficiary of the policy.
This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn’t survive you.
2.Make an outright gift of an existing policy.
You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift if you itemize.
3.Make an outright gift of a new policy.
You can take out a new policy and irrevocably name Minocqua Kawaguesaga Lakes Protection Association, INC as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize on your taxes. (see your tax professional for accurate details)
Making a Will
Deepen Your Connections
You want to leave money to Minocqua Kawaguesaga Lakes Protection Association, INC in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both.
In as little as one sentence, you can complete your gift. This type of donation to Minocqua Kawaguesaga Lakes Protection Association, INC in your will or living trust helps ensure that we continue our mission for years to come. (see your legal or estate planning professional for accurate details)
Donate Today
Consider naming Minocqua Kawaguesaga Lakes Protection Association, INC in your estate plan today, in preparation for the future.
To learn more about how you can make a legacy gift through your estate, please contact President, Minocqua Kawaguesaga Lakes Protection Association, INC
Next Steps
- Contact President, Minocqua Kawaguesaga Lakes Protection Association, INC .
- Seek the advice of your financial or legal advisor.
- If you include , Minocqua Kawaguesaga Lakes Protection Association, INC in your plans, please use our legal name and federal tax ID.
Legal name: Minocqua Kawaguesaga Lakes Protection Association, INC
Address: PO Box 494 Minocqua WI 54548
Federal tax ID number: