Giving by Age

PLANNED & MAJOR GIFTS

GIVING BY AGE

Planned giving to the Meals on Wheels Foundation can have Federal and estate tax benefits for you and your family. You have several options within your financial plan:

  • Make specific bequests through your testamentary will;
  • Name Meals on Wheels as a life insurance beneficiary; or
  • Set up a gift annuity of cash and other assets, which provide you with a lifetime income.

Below are recommended planned giving amounts based on your your age at the time of the gift. These are only guidelines—please discuss your options with your attorney or financial planner.

Questions? Complete and submit the form below or contact Kelly Campbell at: kcampbell@mealsonwheelswny.org. Or call Kelly at 716.822.2201 ext. 43

Giving Journey Options

Under 40

The best gift options for you:

Outright gift of cash

One of the easiest and most common ways for you to support the Meals on Wheels Foundation of Western New York is with a gift of cash. Cash can be used to support our mission in the form of:

Payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

Bequest in your will or living trust. Through a gift in your will or living trust, you can support the Meals on Wheels Foundation with a specific amount of money or a percentage of your total estate. This type of gift allows you the flexibility to change your mind at any time and your estate will benefit from a federal estate tax charitable deduction for the amount of the gift.

Charitable lead trust. You may always use cash to fund a lead trust. Oftentimes, lead trusts are funded with cash in addition to stock or real estate.

Endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of the Meals on Wheels Foundation of Western New York will last forever.

Outright gift of appreciated securities

Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself. When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to Meals on Wheels, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares.

A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. With a TOD account, the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A gift in your will or living trust. If you aren't ready to give up these assets during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses. It is as simple as including one sentence in your will, designating the securities to the Meals on Wheels Foundation of Western New York.

A donor advised fund. When you contribute to a donor advised fund with appreciated securities, you will receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Meals on Wheels does not pay capital gain tax when we sell the gifted securities.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Meals on Wheels will last forever.

A charitable lead trust. Rapidly appreciating assets such as stocks are a great way to fund a charitable lead trust. The assets transferred to the lead trust are frozen in value for transfer-tax purposes at the time of funding. At the end of the trust's term, all appreciation that takes place in the trust will pass tax-free to your heirs.

Donor advised fund

Are you looking for an easy, cost-effective way to support Meals on Wheels and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Transfer cash or other assets and can then recommend how much and how often money is granted to the Meals on Wheels Foundation of Western New York (or any other charitable organization).

You, as the donor, benefit by receiving a federal income tax charitable deduction at the time you contribute to the account and have the ability to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location and you can start a legacy of giving by letting your children or heirs help decide which grants to recommend.

Gift in will or living trust

Would you like to help guarantee Meals on Wheels can continue to fulfill its mission for years to come but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple way to ensure we can continue our vital work is a bequest – a gift in your will or living trust. By including a bequest to the Meals on Wheels Foundation of Western New York in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Beneficiary designations

One of the simplest and easiest ways to help the Meals on Wheels Foundation of Western New York after your lifetime is through a beneficiary designation. Name Meals on Wheels as a beneficiary to receive assets like your retirement plans and life insurance policies. This option is flexible, as you are able to review and adjust beneficiary designations anytime you want.

40-54

The best gift options for you:

Outright gift of cash

One of the easiest and most common ways for you to support the Meals on Wheels Foundation of Western New York is with a gift of cash. Cash can be used to support our mission in the form of:

Payable on death (POD) account. A POD bank account or certificate of deposit names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account.

Bequest in your will or living trust. Through a gift in your will or living trust, you can support the Meals on Wheels Foundation with a specific amount of money or a percentage of your total estate. This type of gift allows you the flexibility to change your mind at any time and your estate will benefit from a federal estate tax charitable deduction for the amount of the gift.

Charitable lead trust. You may always use cash to fund a lead trust. Oftentimes, lead trusts are funded with cash in addition to stock or real estate.

Endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of the Meals on Wheels Foundation of Western New York will last forever.

Outright gift of appreciated securities

Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself. When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to Meals on Wheels, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares.

A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. With a TOD account, the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A gift in your will or living trust. If you aren't ready to give up these assets during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses. It is as simple as including one sentence in your will, designating the securities to the Meals on Wheels Foundation of Western New York.

A donor advised fund. When you contribute to a donor advised fund with appreciated securities, you will receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Meals on Wheels does not pay capital gain tax when we sell the gifted securities.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Meals on Wheels will last forever.

A charitable lead trust. Rapidly appreciating assets such as stocks are a great way to fund a charitable lead trust. The assets transferred to the lead trust are frozen in value for transfer-tax purposes at the time of funding. At the end of the trust's term, all appreciation that takes place in the trust will pass tax-free to your heirs.

Donor advised fund

Are you looking for an easy, cost-effective way to support Meals on Wheels and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Transfer cash or other assets and can then recommend how much and how often money is granted to the Meals on Wheels Foundation of Western New York (or any other charitable organization).

You, as the donor, benefit by receiving a federal income tax charitable deduction at the time you contribute to the account and have the ability to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location and you can start a legacy of giving by letting your children or heirs help decide which grants to recommend.

Gift in will or living trust

Would you like to help guarantee Meals on Wheels can continue to fulfill its mission for years to come but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple way to ensure we can continue our vital work is a bequest – a gift in your will or living trust. By including a bequest to the Meals on Wheels Foundation of Western New York in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Beneficiary designations

One of the simplest and easiest ways to help the Meals on Wheels Foundation of Western New York after your lifetime is through a beneficiary designation. Name Meals on Wheels as a beneficiary to receive assets like your retirement plans and life insurance policies. This option is flexible, as you are able to review and adjust beneficiary designations anytime you want.

55-69

The best gift options for you:

Outright gift of appreciated securities

Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself. When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to Meals on Wheels, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares.

A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. With a TOD account, the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A gift in your will or living trust. If you aren't ready to give up these assets during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses. It is as simple as including one sentence in your will, designating the securities to the Meals on Wheels Foundation of Western New York.

A donor advised fund. When you contribute to a donor advised fund with appreciated securities, you will receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Meals on Wheels does not pay capital gain tax when we sell the gifted securities.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Meals on Wheels will last forever.

A charitable lead trust. Rapidly appreciating assets such as stocks are a great way to fund a charitable lead trust. The assets transferred to the lead trust are frozen in value for transfer-tax purposes at the time of funding. At the end of the trust's term, all appreciation that takes place in the trust will pass tax-free to your heirs.

 

Gift in will or living trust

Would you like to help guarantee Meals on Wheels can continue to fulfill its mission for years to come but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple way to ensure we can continue our vital work is a bequest – a gift in your will or living trust. By including a bequest to the Meals on Wheels Foundation of Western New York in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Beneficiary designations

One of the simplest and easiest ways to help the Meals on Wheels Foundation of Western New York after your lifetime is through a beneficiary designation. Name Meals on Wheels as a beneficiary to receive assets like your retirement plans and life insurance policies. This option is flexible, as you are able to review and adjust beneficiary designations anytime you want.

70+

The best gift options for you::

Outright gift of appreciated securities

Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself. When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You are also entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to Meals on Wheels, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares.

A transfer on death (TOD) account. By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. With a TOD account, the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A gift in your will or living trust. If you aren't ready to give up these assets during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses. It is as simple as including one sentence in your will, designating the securities to the Meals on Wheels Foundation of Western New York.

A donor advised fund. When you contribute to a donor advised fund with appreciated securities, you will receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Meals on Wheels does not pay capital gain tax when we sell the gifted securities.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Meals on Wheels will last forever.

A charitable lead trust. Rapidly appreciating assets such as stocks are a great way to fund a charitable lead trust. The assets transferred to the lead trust are frozen in value for transfer-tax purposes at the time of funding. At the end of the trust's term, all appreciation that takes place in the trust will pass tax-free to your heirs.

Donor advised fund

Are you looking for an easy, cost-effective way to support Meals on Wheels and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Transfer cash or other assets and can then recommend how much and how often money is granted to the Meals on Wheels Foundation of Western New York (or any other charitable organization).

You, as the donor, benefit by receiving a federal income tax charitable deduction at the time you contribute to the account and have the ability to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location and you can start a legacy of giving by letting your children or heirs help decide which grants to recommend.

Gift in will or living trust

Would you like to help guarantee Meals on Wheels can continue to fulfill its mission for years to come but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple way to ensure we can continue our vital work is a bequest – a gift in your will or living trust. By including a bequest to the Meals on Wheels Foundation of Western New York in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Outright Gift of Life Insurance

Beneficiary designations

One of the simplest and easiest ways to help the Meals on Wheels Foundation of Western New York after your lifetime is through a beneficiary designation. Name Meals on Wheels as a beneficiary to receive assets like your retirement plans and life insurance policies. This option is flexible, as you are able to review and adjust beneficiary designations anytime you want.


>>Back to Planned and Major Gifts page

REQUEST MORE INFORMATION ABOUT DONATING

  • This field is for validation purposes and should be left unchanged.