Planned Giving
Leaving Lasting Impressions through Thoughtful Planned Giving
There are countless programs that offer a wide variety of services to many individuals and communities throughout Northwest Indiana. Through a Planned Giving program of your choice, you have the opportunity to further the mission of TradeWinds and leave a lasting impression on the lives that you touch.
BEQUEST
When a donor leaves property (funds or assets) to TradeWinds in a will, it is a bequest. After providing for your loved ones, such a gift may be for a specific amount or a percentage of an estate's value and are exempt from estate tax. A residual bequest is what is left over after specific bequests are made.
REAL ESTATE AND PROPERTY PUBLICLY TRADED SECURITIES
Contributions of securities are attractive to people who have held stocks or bonds for a long period of time. Gifts of appreciated securities enable you to make larger contributions to TradeWinds at reduced cost to you, thereby benefiting both you and TradeWinds. Such gifts generate a double tax benefit. In addition to receiving an income tax charitable deduction for the full fair-market value of the security, the donor avoids any potential tax on the capital-gain element. To qualify for this double tax benefit, the security must have been held for more than one year. These gifts usually provide the same tax benefits as gifts of securities, if held for more than one year.
LIFE INSURANCE
A Life Insurance Policy can be donated to TradeWinds and receive an immediate tax deduction, usually an amount equal to the cash surrender value. You may also name TradeWinds the owner and beneficiary of a life insurance policy in which the face value ultimately goes to TradeWinds. Your continued premium payments on the policy are also tax-deductible.
CHARITABLE GIFT ANNUITIES
Charitable Gift Annuities are a combination of a gift and an annuity. The annuity pays a fixed sum of money annually to the donor for life. The rates are competitive and the gift portion of the transaction qualifies as tax deductible. This is considered a life income gift.
CHARITABLE REMAINDER TRUSTS
Charitable Remainder Trusts (CRTs) combine charitable giving with other financial goals. These trusts are arrangements between a donor, a trustee, and TradeWinds. The donor transfers cash, property, or highly appreciated securities to the trust and can take an immediate income tax deduction. The donor retains the right to its income or specifies how the received income will be used and at what rate. After the death of the last income beneficiary, TradeWinds receives the remaining assets to meet the donor's wishes.
RETIREMENT PLAN ASSETS GIFT ANNUITIES
With Gift Annuities, donors receive income from their gifts throughout their lifetime. Cash or appreciated securities are given to TradeWinds and the donor receives income for life. In addition to an immediate tax deduction, a portion of the income received is tax free. After death, the remaining portion of the gift becomes a permanent fund for TradeWinds. Depending on the size of your estate, income and estate taxes may consume a large portion of this asset. Naming TradeWinds Rehabilitation Center, Inc. as the beneficiary for all or some of the assets remaining in your plan at your death can substantially reduce or eliminate your tax liability.
JOHN AND HELEN SOURLIS ENDOWMENT FUND
This TradeWinds Endowment Fund was created in honor of John and Helen Sourlis. The purpose of the fund is to cover annual operating expenses and special needs cases by using accrued interest on the funds. The actual funds are untouched by the organization to help assure that the children and adults of TradeWinds are receiving the quality services they need for years into the future. We currently have built the Endowment Fund to over $1,800,000. Income generated by this fund will be used to provide services to children and adults with disabilities who may not otherwise receive them due to growing funding shortfalls. Hopefully with opportunities such as this 3-for-1 match, we can grow the fund to an amount that will assure, in the future, that no child or adult will go without services needed to ensure their growth and well-being.
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