Donate Now: Planned Gifts
There are many ways you can support the future of the Women's Fund of New Hampshire while simultaneously meeting some of your own personal financial goals and objectives. This site outlines some of the many gift options available and their various tax and income benefits. Please email us at info@wfnh.org for more information, and always consult with your financial advisor or attorney when considering estate planning.
Bequest
The simplest way to leave a planned gift to benefit the Women's Fund is to make a bequest including specific language in your will or living trust naming the Women's Fund of New Hampshire as the recipient of a testamentary gift. Your will or living trust can include gifts in the form of cash, securities or personal property. You may contribute a specific dollar amount, a percentage of your estate or the residual of your estate in this manner. Your estate will receive a charitable deduction for the full donation, so your heirs will not pay estate tax on these assets.
Charitable Remainder Trust
By transferring assets to establish a Charitable Remainder Trust, you receive an immediate tax deduction and lifetime income for you or your named beneficiary. You also reduce or avoid capital gains taxes associated with the gifted asset. Eventually, when the trust's term is complete, the remaining assets pass on to the Women’s Fund of New Hampshire.
Charitable Lead Trust
When you create a Charitable Lead Trust, the CLT makes regular income-tax-deductible gifts to the community foundation as the income beneficiary. When the trust terminates, the entire principal is returned to you or to your family.
Retirement Plan Donations
Naming the Women's Fund of New Hampshire as a beneficiary of your retirement funds, such as an IRA, 401k or 403b, is a simple and effective way to benefit the community while avoiding significant, often unanticipated, tax penalties. Your retirement plan is tax-deferred only until death. The remainder of these assets are subject to multiple taxes when included in your estate, resulting in a tax rate of 60 percent or more. Donating retirement accounts can reduce or eliminate these taxes completely and make a significant impact on the community.
Life Insurance Donations
Among the many ways to donate life insurance, the simplest is to designate WFNH as a beneficiary of the policy. You may also transfer ownership of a paid-up policy to WFNH, or donate insurance policy dividends.
To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this web site was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed herein. This statement is made pursuant to Circular 230 (U.S. Treasury Regulations governing tax practice).
For more information on making a planned gift to the Women's Fund of New Hampshire please contact your professional advisor.