How Can I Give?
This summary chart gives a quick overview of some of the planned giving options available to you. Please keep in mind that your individual circumstances need to be considered before taking any action. As with all tax and estate planning, please consult your attorney or estate specialist.
If your goal is to:
-
- Defer a gift until after your lifetime.
- Avoid tax on capital gains.
- Receive an immediate tax deduction for a charitable gift and still recommend gifts on your own timeframe.
- Reduce taxable income while withdrawing funds from your Individual Retirement Account during retirement.
- Make a quick and easy gift.
Then you can:
-
- Leave a will that reflects your personal values.
- Contribute long-term appreciated stock or other appreciated, marketable assets.
- Make a gift from your Donor Advised Fund or look into establishing one.
- Satisfy the guidelines surrounding the Required Minimum Distribution or a Qualified Minimum Distribution by making a gift to charity directly from your IRA.
- Simply write a check now, or give through our secure online process.
Benefits may include:
-
- Your donations are fully exempt from federal estate tax.
- A charitable deduction plus no capital gains tax.
- Immediate tax deduction with ongoing flexibility on when to give and where to direct your support.
- Express your values through your gift while reducing taxable income during retirement and potentially avoiding costly penalties.
- An income tax deduction and immediate impact for us.
How Can I Give?
Please view the desktop version of the website for summary chart which gives a quick overview of many of the planned giving options available to you. Please keep in mind that your individual circumstances need to be considered before taking any action. As with all tax and estate planning, please consult your attorney or estate specialist.
The McWhirter Society is named for Luella McWhirter, one of the three women founders of the Mission in 1893, and matriarch of that supportive Indianapolis family. Membership in the Society is reserved for those individuals who support Wheeler and its Christian life and family saving goals through life-income arrangements, trusts or bequests. These friends of Wheeler Mission help to address unexpected areas of need and opportunity that otherwise may go unanswered. The Society honors them and, through its activities, strives to enhance their appreciation of our mission to change lives, one individual at a time.
Purpose of the Society
Wheeler Mission is entirely funded by private, tax-deductible contributions. While Wheeler is blessed with incredible support from a generous community, the support received from individual contributions and special events often do not offer flexible funding needed to respond to unexpected areas of need and opportunity. Therefore, it is the policy of Wheeler Mission to accept estate gifts to be used for the greatest need of the ministry, as determined by the Budget and Finance Committee. Legacy gifts are essential to preserving and enhancing Wheeler’s life-transformational programs and services for those experiencing homelessness or addiction.
Membership Profiles
All members of the McWhirter Society have named Wheeler Mission in their charitable estate plans or they participate in a life-income program involving Wheeler. Frequently used arrangements:
- designation of a bequest to Wheeler Mission (included in their will)
- established a Charitable Gift Annuity with Wheeler Mission
- participation in a charitable remainder trust
- designation for Wheeler of a beneficial interest in an insurance policy, retirement plan, or trust
- gift of a remainder interest in a personal residence or farm.
Those who have created a provision in their estate plans to benefit Wheeler and who have informed us of their consideration and generosity through documentation of an irrevocable or revocable gift, planned or designated to come from their assets or estate, are eligible for instant membership in the McWhirter Society.
Membership Privileges
- Invitation to annual membership experience in connection with a major event at Wheeler.
- Invitations to join Wheeler whenever there are programs featuring updates and news about Wheeler such as the grand opening of the new men’s center on Market Street.