Planned Giving

Your gift to White’s can be established through an estate or planned gift, and allows you to link your legacy with White’s future.

Your bequest may provide for a specific dollar amount in cash, specific securities, specific articles of tangible personal property, or a percentage of the residue of the estate. Bequests may be given as unrestricted or restricted gifts, which support a certain purpose or program designated by the supporter.

Providing Through Your Will or Estate

Many donors provide their most significant gift through their wills, because a gift of that size might not be possible during their lifetime. The most common way of making a transforming gift is to name White’s Residential & Family Services as one of the beneficiaries of your will or estate.

By assigning a percentage of your estate or a specified dollar amount to White’s through your will, you’ll help Indiana children while providing for your family’s future with the remainder of your estate. Another way to accomplish your final goals is to assign a specified amount to White’s. A third way is to assign the residual of your estate to White’s after other specified gifts are completed for your family. Lastly, White’s can be named as secondary beneficiary in the case that your primary beneficiary predeceases you. Estate gifts of any size will someday provide meaningful support and hope to Indiana’s most vulnerable children and families.

Providing Through Life Insurance Beneficiary Designation

One of the simplest ways to remember the children served by White’s in the future is to designate White’s Residential & Family Services, Wabash, Ind. as one of the beneficiaries of your life insurance policy. This may be in the form of a specific dollar amount or percentage. Your insurance agent can help you.

Providing Through Your IRA or Retirement Plan

Retirement accounts or IRAs should have beneficiary listings in case money remains in the account after the owner passes. Some people assign a percentage of what remains to White’s or other charities. There may be tax advantages for your estate by giving in this way due to White’s nonprofit status.

Due to the periodic changing of laws, there may be other ways to give through your traditional IRA.

Call White’s Development Office at 260-563-1158 ext. 1348 to learn more about current laws and trends in this regard.

Charitable Gift Annuities

A charitable gift annuity is a simple contract between you and White’s. In exchange for your irrevocable gift of cash, securities or other assets, White’s agrees to pay one or two annuitants a fixed sum each year for life. The payments are guaranteed by the general resources of White’s. For annuities of $25,000 or more, annuitants may choose to create a named endowment that would forever connect a family name or the name of a loved one to our ministry.

The older the annuitants are at the time of the gift, the greater the fixed income White’s can agree to pay.

Payments are usually made to annuitants in quarterly installments, with a minimum gift annuity of $10,000.

In most cases, part of each payment is tax-free, increasing each payment’s after-tax value. If you give appreciated property, you will pay capital gains tax on only part of the appreciation. In addition, if you name yourself as an annuitant, the capital gains tax will be spread out over many years rather than be all due in the year of your gift.

Please contact the Development Office at260-563-1158 ext. 1348, if you are interested in setting up a charitable gift annuity.

Charitable Trusts

Larger gifts, generally $250,000 or more, may be made through a charitable trust. There are different types of trusts that can be designed to best meet the needs of your family and situation. Included are Charitable Lead Trusts, where a gift is made, the interest from which goes to the charity for a specified period of time, after which the remainder returns to the family or other designee. Charitable Remainder Trusts involve making a gift that is invested, with a specified amount returning to the donor during their lifetime and the remainder going to the charity upon their passing.

There are possible tax advantages with annuities and trusts that can be discussed with your estate attorney or CPA. You may call White’s Development Office at 260-563-1158 ext. 1348, for general principles, but all trusts should be advised and drawn up by an estate attorney.

If you would like to donate to White’s online, please click here.