What is planned giving?
A planned or deferred gift is a type of charitable gift that requires some planning, usually with the assistance of a financial advisor and development officer. A donor may fund his or her gift with cash or other assets.Either way, the benefits of a planned gift can be very attractive.
Benefits of planned gifts
Estate and gift planning options
- Build a philanthropic legacy.
- Have a meaningful impact on St. Joseph beyond your lifetime.
- Maximize your charitable contribution.
- Serve as an example for your family and community.
- Allow for tax advantages for both you and your heirs.
- Turn appreciated assets into income for yourself and/or other family members.
The most common planned gift is a bequest in a will. It can be a dollar amount, a percentage of the estate, or specific asset. After you make
specific provisions for family and loved ones, you may specify a residuary gift to Wheaton Franciscan-St. Joseph Campus for all or part of that which remains.
Charitable remainder trusts
With a charitable remainder trust, you receive income for life or a specified period with a significant tax advantage. There is no capital gain on the sale of appreciated property contributed to the trust. You receive an income tax deduction in the year of the gift.
You can donate a paid-up cash value life insurance policy and take an income tax deduction for the cumulative amount of premiums paid. You may also obtain certain tax benefits by taking out a new policy or giving an existing policy on which payments are still being made. Your future premium payments may be deducted as a charitable gift each year.
Charitable lead trusts
A charitable lead trust enables you to make a gift that immediately benefits St. Joseph. At the end of the trust assets are returned to you or your designee. This allows assets to be passed along with little or no transfer taxes.
You can donate your home or farm and remain living in or on the premises for the rest of your life. You receive a charitable deduction when you make the gift.
Deferred income plans
You may leave IRAs, 401(k) plans, qualified pension plans, and employee stock option plans to the Foundation at your death. Deferred income plans allow you to use the assets during your lifetime, while enabling a large future bequest gift to Wheaton Franciscan-St. Joseph.
| “I am only one; but still I am one. I cannot do everything... I will not refuse to do something that I can do.”
– Helen Keller
The Heritage Society is an honorary association of individuals whose planned gifts have already been received or will someday accrue to Wheaton Franciscan-St. Joseph.
Planning your legacy
Your decision to make a planned gift is a personal statement about what you care about and who you are. Your planned gift to St. Joseph can improve the lives of countless individuals, help you achieve your financial goals, and allow you to leave a lasting legacy of generosity.
| “Do what you can, with what you have, where you are.” – Theodore Roosevelt
Gifts to Wheaton Franciscan-St. Joseph are tax-deductible as provided by law.
Gifts can be directed to:
Shelli Marquardt, Executive Director
Wheaton Franciscan – St. Joseph Foundation
5000 W. Chambers Street
Milwaukee, WI 53210
Phone: (414) 447-2009
Fax: (414) 447-2107