The Legacy Society provides recognition for and appreciation of those individuals who have made a planned gift to the Wilson Center. Membership in the Society is open to everyone who has made a provision for the Wilson Center to receive funding through a will or trust, or has named the Wilson Center a beneficiary of a charitable trust, life insurance policy, or retirement plan.
Representing the majority of planned gifts to the Wilson Center, bequests are included in your will or living trust and can be made for a specific dollar amount, a percentage of your estate or a specific asset.
Charitable Remainder Trust
A charitable remainder trust is a transfer of assets to a trust which makes payments to you of either a fixed amount (annuity trust) or a percentage of the trust principal (unitrust). An immediate charitable deduction on your income taxes for the value of the future charitable gift is received and, if the asset is long-term capital gain property, you are exempt from any capital gains tax. When the trust ends, the Wilson Center receives all of the trust assets.
Charitable Gift Annunity
This is a simple contract between you and the Wilson Center where you make a gift to the Center and receive a guaranteed income for life. You receive an immediate charitable deduction on your income taxes for the value of the future charitable gift.
Charitable Lead Trust
This type of trust pays income to the Wilson Center for your life or a term of years. You receive an immediate charitable deduction on your income taxes for the value of the present charitable gift. When the trust ends, your heirs receive all of the trust assets.
Gifts of retirement plans (e.g., IRA, 401(k) and Keogh plans) to your heirs are subject to both income and estate taxes. Naming the Wilson Center as the beneficiary of your retirement plan is an excellent way to avoid subjecting these assets to double taxation and allows us to benefit from the full value of your retirement plan.
Gift of Personal Residence
You may make a gift of your personal residence or property to the Wilson Center and retain the right to live there for the remainder of your life. You receive an immediate charitable deduction on your income taxes for the value of the future charitable gift. Upon your death, the Wilson Center may use or sell the property.
Paid-up policies that are no longer needed to protect your family can be gifted to the Wilson Center as well as new or outstanding policies in which you commit to covering the premium payments. You receive an immediate charitable deduction on your income taxes for the value of the insurance policy and future charitable deductions for any premiums paid by you.
Legacy Society members are recognized:
For more information, contact Sandy Madden at (262) 373-5029.