When you give strategically, using tax-embedded assets – those with a unique taxable nature – or through various charitable giving vehicles and tools, you can support Wheaton and maximize gifts to your loved ones, all while minimizing taxes!
Tax-Embedded Assets – Ideal “Bucket” for Charitable Giving
Both are ideal “buckets” for charitable giving because the charity can receive them without incurring tax!
- Individuals typically must pay taxes when they withdraw funds from traditional retirement accounts, whether they are the account owner or have inherited the account after the owner passed away.
- You can simply include Wheaton College on your retirement account beneficiary designation form
- Appreciated assets have increased in value since they were acquired – and tax will be due on any gain.
Charitable Giving Vehicles and Tools with Tax Benefits
Provide income to you or loved ones for several years through a Gift Annuity (linked) or a Charitable Remainder Unitrust (linked). Other benefits include:
- A charitable income tax deduction
- If funded with appreciated assets, avoid initial capital gains tax that would be due at a sale – and remaining gains are spread out over years of payments
- Significant gift to support Wheaton College!
Other Vehicles and Tools
Download and print our Strategic Giving information sheet (upload)
Download and print our Tax-Embedded Assets information sheet (upload)
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