*The donation form asks if you would like to pay the transaction fees which are the 4% charges on the total donation which WINGS pays to process the gift. We are extremely grateful if you are able to cover the transaction fees and equally grateful for your support if you cannot.
*Please note that you should consult your financial adviser before making any financial transactions, as the specifics of your situation may affect the benefits you are eligible to receive from stock transfer.
Depending on your net gain in the past year, donating stock that has appreciated in value may save you money versus a cash donation. Gifting the stock directly to WINGS means you avoid paying capital-gains taxes on any profit you made, and you will be eligible to deduct the current market value of your assets when you do your taxes (assuming the stock was held for more than a year). For example, you are interested in supporting WINGS with a $500 donation and stocks you purchased three years ago for $100 are now worth $500. Should you sell the assets first, and then make the donation with cash or should you donate using WINGS’ Stock Transfer Program? Let’s take a look. If you sell the stock, you will be required to pay $60 on your $400 gain (assuming a 15% capital gains rate), and you donate the remaining $440. Assuming you are in the 28% tax bracket, you will be able to deduct about $125 of your $440 donation. On the other hand, if you use WINGS’ Stock Transfer Program, you will have to pay ZERO capital gains, and the entire $500 of assets will come through to us. Using the same tax bracket example of 28%, you will be able to deduct $140 of the $500 donation, giving you a total tax savings of $75 over donating with cash and also supporting WINGS with the entire $500 gift. Because of this, using WINGS’ Stock Transfer Program to donate may be the most rewarding option for both you and for WINGS.
*To find out more about our Stock Transfer Program, please e-mail email@example.com
Just a few sentences in your will or trust are all that is needed to plan your gift.
Your gift can be made at any time and, if you choose to include a bequest in your will, you can change your mind at any time.
You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate or specific assets.
Your estate is entitled to a charitable tax deduction for the gift’s full value.
Unlike regular donations that you make to WINGS or other charitable organizations, a planned gift is made from a source other than your annual disposable income. Instead, planned gifts are generally made from estate assets – cash, stock, personal property, real estate, retirement or life insurance plans, etc. – and require you to take specific action, like including a bequest in your will or trust, to ensure that those assets are transferred to the organization you want to support.
Email us at firstname.lastname@example.org and let us know that you are considering making a planned gift. We can provide you with more information and help answer your questions. Or, if you are already certain about making a planned gift, contact your attorney and make sure your desire to support WINGS as part of your legacy will be honored.