Barbara Kres Beach Legacy Giving
Other Ways to Give:
A bequest in your will. Please include the International Women’s Convocation in your will to ensure that your generosity will become a part of your personal legacy. This can be a specific dollar amount or a percentage of your estate.
Making a Qualified Charitable Donation (QMD) provides an opportunity to make a charitable contribution that you might otherwise not have been able to make and/or receive potential tax benefits for charitable contributions that you are already making.
Required Minimum Distribution (RMD). If you have reached the age of 72, you must make at least a minimum withdrawal from certain of your retirement accounts. If you choose to donate some of these funds, you will receive a tax deduction for the market value of the appreciated asset. For example, if you donate 100 shares of stock currently worth $50 a share, you could receive a tax deduction of $5,000. In addition, you will avoid having to pay the capital gains on the appreciated asset. For example, if your gain was $30 a share on the 100 shares of stock, you could avoid paying capital gains taxes on $3,000 of gains.
Beneficiary of Your Retirement Assets. You can designate IWC as one of your beneficiaries for your IRA, Roth, 401k, etc.
Life Insurance. You can designate a percentage of your life insurance policy to IWC or list IWC as a secondary or final beneficiary in the event you first beneficiary predeceases you.
Securities. A charitable gift of securities provides an opportunity for tax savings while generously supporting the International Women’s Convocation. IWC gladly accepts donations of publicly traded securities. This may reduce the taxes on the gain from the sale of these securities. Gifts are deductible at their full fair market value if they have been held longer than 12 months.
Please let us know if you have included us in your plans so we can acknowledge your generosity.
The International Convocation of Unitarian Universalist Women (dba International Convocation of Women) is a registered 501(c)(3) corporation, incorporated in Texas in 2010. The mailing address is 7811 S 113th St., Seattle, WA 98178. Tax ID: 28-117-6938. Contributions are tax-deductible to the fullest extent of the law.
For more information, contact Geri Kennedy, Treasurer at firstname.lastname@example.org.
This information should not be interpreted as legal, financial or tax advice. Please seek the specific advice of your tax advisor, attorney and/or financial planner to discuss the application of these topics to your individual situation.