Creative Gifts - Be More CreativeWhen it comes to supporting the future of WMHT,
you can demonstrate creativity. Some of the assets that can be
contributed may surprise you.
United States Savings Bonds: Although it is not possible to make a lifetime charitable gift of a savings bond without first paying the tax on the interest earned, it does make an excellent asset to bequeath to WMHT. Why? Savings bonds generate "income in respect of a decedent." That means, if you die owning them the accumulated interest is taxed before the heirs inherit them. However, if they are left to an organization like WMHT, that tax is not due. Check with your advisors about the best way to bequeath your savings bonds to WMHT. Collectibles and other tangible personal property: Viewers and listeners who would like to make generous contributions from their estates sometimes find that it makes sense to consider leaving a valuable coin collection, rare book, antique chair or other work of art to WMHT in your will. The estate gets a full tax deduction for the value of the asset contributed. WMHT will, most likely, sell the asset and invest the proceeds in the endowment to support the programs you enjoy. While these kinds of assets could be contributed while you are living, your tax incentives are probably less than if you leave them to us via your estate. Interests in a family business: If you own shares of stock in a closely held corporation, you might want to consider donating some of them to WMHT. There can be tax benefits for you and perhaps for the company as well. Although we cannot be legally bound to do so, it is very likely that WMHT will offer the shares for redemption by the company soon after receiving them. This provides WMHT with much needed funds and you retain full control of the corporation. Browse Gift Planning Options...Donate Stock or Securities
Wills and Bequests Charitable Gift Annuities Charitable Remainder Trusts Charitable Lead Trusts Life Insurance Retirement Plans Real Estate Pooled Income Fund Memorial and Tribute Gifts If you have further questions, please contact Jackie Pierce in the Office of Leadership Giving at 518-880-3462.
This information
is not intended as tax or legal advice. For advice and assistance in
specific cases, the services of an attorney or other professional
advisor should be obtained.
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