a program of ywca nashville & middle tennessee
a program of ywca nashville & middle tennessee
About the
Nashville native Gertrude Caldwell’s dedication to the women, children, and families of Middle Tennessee is unrivaled. From the moment she was invited to join the YWCA Board of Directors in the 1970’s, she has dedicated her energy to the concept that all women in our community should be safe, self-sufficient, and successful. Long before the crisis of domestic violence was widely acknowledged, Gertrude and the leadership of the YWCA recognized how pervasive this problem was within our own community and began working to address it. The YWCA opened the city’s first domestic violence shelter and added programming for newly divorced women and at-risk girls. When federal funding for these programs was slated to be cut, Gertrude traveled to Washington, D.C. to convince the late Senator Howard Baker and his colleagues to vote for continued funding. She was successful, and the YWCA is now the largest provider of domestic violence services in the region. For decades as a volunteer, employee, and donor, Gertrude Caldwell gracefully and quietly championed the cause of the YWCA. We are honored to name our Legacy Society after her, and trust that you will be inspired by her devotion to our cause and join this effort.
Join the
Planned Giving Options
We invite you to become a member of the Gertrude Caldwell Legacy Society. The legacy of giving from one generation to another provides a cornerstone to support the life-changing and empowering work of YWCA Nashville & Middle Tennessee.
bequest in your will Bequests in wills can be made by anyone. Many bequests are made by people, no matter their stage in life, who want to make a positive difference in their community.
No matter the size of the gift, which may include bequests, charitable trusts and annuities, life insurance or IRA beneficiary designations, real estate, land, stock, or securities, donors will be remembered as friends and benefactors of the YWCA for generations to come.
Including the YWCA in your will is just as easy as providing for your loved ones and can be as much as you want – a percentage or dollar amount. Your gift can continue making a difference to countless lives into the future.
By making a gift as indicated above and notifying us of your gift, we will contact you to ensure your membership into the Gertrude Caldwell Legacy Society.
life insurance
all g o o d m e n an d wo m e n m u s t tak e r e s p o n s i b i l i t y t o c r e at e l e g a c i e s t h at w i l l ta k e t h e n e x t g e n e r at i o n t o a l e v e l w e c o u l d o n ly i m a g i n e . - Jim Rohn -
Naming the YWCA as the beneficiary of your life insurance policy is the simplest way to provide the YWCA with death benefit proceeds from a policy. Naming the YWCA in your life insurance policy also provides flexibility in future planning in case your financial situation changes. To make a change to your beneficiary of a life insurance policy, your current provider will provide a change of beneficiary form to complete. Another advantage of naming the YWCA as a beneficiary ensures the privacy of the transaction, which can be important for donors who wish to keep their gift intentions private. Insurance proceeds are part of a contract. They are excluded from the will and cannot be contested by any beneficiaries of the estate.
stocks and securities
c hari tab le g i f t an n u i t y
Stocks and securities can be given to the YWCA annually and/or included in your estate plans. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
A charitable gift annuity is often referred to as a split gift. Part of the gift is to be used by the charity immediately for its charitable purposes, and part of the gift is set aside in a reserve account to be invested and used to
ind ividual retirement accou nt (IRA)
A charitable gift annuity to the YWCA will make fixed payments, starting either when the gift is made (an immediate-payment gift annuity) or later (a deferred or flexible gift annuity).
Just as with life insurance, you can name the YWCA as a beneficiary of your IRA. Traditionally, beneficiaries are the donor’s spouse, children or grandchildren, but you can certainly include your charitable intent. Inclusion as a beneficiary on your IRA simply entails contacting your financial provider and making a change on the beneficiary designation form. In addition to a legacy gift, annual gifts may be made from an IRA to the YWCA. This gift, unlike other charitable contributions, can be made whether the donor chooses to itemize deductions or not. Specifically, IRA holders over 70½-years old must make a required minimum distribution from their IRA each year. Based on enacted tax laws in the year of the gift, IRA holders may avoid paying income tax on this distribution. This is called using the Qualified Charitable Deduction (QCD). Any amount up to $100,000 distribution from an IRA to a charity counts towards the RMD and reduces the taxable amount of your IRA distribution.
support the income payments to the annuitant. Such payments include the earnings on the reserve account and a part of the principal in the reserve account. The ratio of these parts, that is, the parts that are principal and earnings, depends upon the age of the annuitant.
c h a r i t a b l e l e a d t r u s t s ( C LT ) Charitable lead trusts (CLTs) are individually managed trusts that pay the charity either a fixed percentage of trust income or a fixed dollar amount while you are living and allows you to distribute assets to your chosen beneficiary when you pass. In this case, you are leading with your charitable intent. A CLT reduces your current income taxes and allows you to see the benefit of your gift during your lifetime. A common use for a CLT is income from real estate that you may not need today, but want to keep in the family for the next generation.
g i f t o f r e a l e s tat e o r l a n d c h a r i ta b l e r e m a i n d e r t r u s t s ( C RT ) Since 1969, countless families have used charitable remainder trusts (CRTs) to increase their incomes, save taxes and benefit charities. A CRT allows you to convert highly appreciated assets, such as stock or real estate into lifetime income. It avoids capital gains tax when the asset is sold and reduces your estate taxes when you pass. Here is how it works: You transfer an appreciated asset into an irrevocable trust. This removes the asset from your estate, so no estate taxes will be due on it when you pass. You also receive an immediate charitable income tax deduction. The trustee then sells the asset at full market value, paying no capital gains tax, and re-invests the proceeds in income-producing assets. For the rest of your life, the trust pays you an income stream at a minimum of an annual frequency. You may choose a fixed percentage or fixed dollar amount of payout. When you pass, the remaining trust assets go to the YWCA and any additional charities you’ve chosen. That’s why it’s called a charitable remainder trust.
Structured properly, a charitable transfer of real estate can not only serve a donor’s philanthropic goals, but also provide significant tax benefits and, under the right circumstances, increased cash flow. The general rule for federal income, gift and estate tax purposes is that property is to be valued at its fair market value (FMV) at the time of contribution. FMV is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of the relevant facts. If a donor places a restriction on the use of the contributed property, the FMV must reflect that restriction.
We would be honored to discuss ways you can include the YWCA in your estate plans. Additionally, we can recommend legal and financial professionals who can continue this discussion in greater depth. Please contact the YWCA at 615.269.9922.
Notes
carve you r name o n hearts, not tombstones. A legacy is etched into the minds of others and the stories t h ey s hare ab o u t yo u. - Shannon L. Alder -
615.269.9922 | ywcanashville.com 1608 wo o d m o n t b lv d. , n a s h v i l l e ,
tn 37215
About the
Nashville native Gertrude Caldwell’s dedication to the women, children, and families of Middle Tennessee is unrivaled. From the moment she was invited to join the YWCA Board of Directors in the 1970’s, she has dedicated her energy to the concept that all women in our community should be safe, self-sufficient, and successful. Long before the crisis of domestic violence was widely acknowledged, Gertrude and the leadership of the YWCA recognized how pervasive this problem was within our own community and began working to address it. The YWCA opened the city’s first domestic violence shelter and added programming for newly divorced women and at-risk girls. When federal funding for these programs was slated to be cut, Gertrude traveled to Washington, D.C. to convince the late Senator Howard Baker and his colleagues to vote for continued funding. She was successful, and the YWCA is now the largest provider of domestic violence services in the region. For decades as a volunteer, employee, and donor, Gertrude Caldwell gracefully and quietly championed the cause of the YWCA. We are honored to name our Legacy Society after her, and trust that you will be inspired by her devotion to our cause and join this effort.
Join the
Planned Giving Options
We invite you to become a member of the Gertrude Caldwell Legacy Society. The legacy of giving from one generation to another provides a cornerstone to support the life-changing and empowering work of YWCA Nashville & Middle Tennessee.
bequest in your will Bequests in wills can be made by anyone. Many bequests are made by people, no matter their stage in life, who want to make a positive difference in their community.
No matter the size of the gift, which may include bequests, charitable trusts and annuities, life insurance or IRA beneficiary designations, real estate, land, stock, or securities, donors will be remembered as friends and benefactors of the YWCA for generations to come.
Including the YWCA in your will is just as easy as providing for your loved ones and can be as much as you want – a percentage or dollar amount. Your gift can continue making a difference to countless lives into the future.
By making a gift as indicated above and notifying us of your gift, we will contact you to ensure your membership into the Gertrude Caldwell Legacy Society.
life insurance
all g o o d m e n an d wo m e n m u s t tak e r e s p o n s i b i l i t y t o c r e at e l e g a c i e s t h at w i l l ta k e t h e n e x t g e n e r at i o n t o a l e v e l w e c o u l d o n ly i m a g i n e . - Jim Rohn -
Naming the YWCA as the beneficiary of your life insurance policy is the simplest way to provide the YWCA with death benefit proceeds from a policy. Naming the YWCA in your life insurance policy also provides flexibility in future planning in case your financial situation changes. To make a change to your beneficiary of a life insurance policy, your current provider will provide a change of beneficiary form to complete. Another advantage of naming the YWCA as a beneficiary ensures the privacy of the transaction, which can be important for donors who wish to keep their gift intentions private. Insurance proceeds are part of a contract. They are excluded from the will and cannot be contested by any beneficiaries of the estate.
stocks and securities
c hari tab le g i f t an n u i t y
Stocks and securities can be given to the YWCA annually and/or included in your estate plans. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.
A charitable gift annuity is often referred to as a split gift. Part of the gift is to be used by the charity immediately for its charitable purposes, and part of the gift is set aside in a reserve account to be invested and used to
ind ividual retirement accou nt (IRA)
A charitable gift annuity to the YWCA will make fixed payments, starting either when the gift is made (an immediate-payment gift annuity) or later (a deferred or flexible gift annuity).
Just as with life insurance, you can name the YWCA as a beneficiary of your IRA. Traditionally, beneficiaries are the donor’s spouse, children or grandchildren, but you can certainly include your charitable intent. Inclusion as a beneficiary on your IRA simply entails contacting your financial provider and making a change on the beneficiary designation form. In addition to a legacy gift, annual gifts may be made from an IRA to the YWCA. This gift, unlike other charitable contributions, can be made whether the donor chooses to itemize deductions or not. Specifically, IRA holders over 70½-years old must make a required minimum distribution from their IRA each year. Based on enacted tax laws in the year of the gift, IRA holders may avoid paying income tax on this distribution. This is called using the Qualified Charitable Deduction (QCD). Any amount up to $100,000 distribution from an IRA to a charity counts towards the RMD and reduces the taxable amount of your IRA distribution.
support the income payments to the annuitant. Such payments include the earnings on the reserve account and a part of the principal in the reserve account. The ratio of these parts, that is, the parts that are principal and earnings, depends upon the age of the annuitant.
c h a r i t a b l e l e a d t r u s t s ( C LT ) Charitable lead trusts (CLTs) are individually managed trusts that pay the charity either a fixed percentage of trust income or a fixed dollar amount while you are living and allows you to distribute assets to your chosen beneficiary when you pass. In this case, you are leading with your charitable intent. A CLT reduces your current income taxes and allows you to see the benefit of your gift during your lifetime. A common use for a CLT is income from real estate that you may not need today, but want to keep in the family for the next generation.
g i f t o f r e a l e s tat e o r l a n d c h a r i ta b l e r e m a i n d e r t r u s t s ( C RT ) Since 1969, countless families have used charitable remainder trusts (CRTs) to increase their incomes, save taxes and benefit charities. A CRT allows you to convert highly appreciated assets, such as stock or real estate into lifetime income. It avoids capital gains tax when the asset is sold and reduces your estate taxes when you pass. Here is how it works: You transfer an appreciated asset into an irrevocable trust. This removes the asset from your estate, so no estate taxes will be due on it when you pass. You also receive an immediate charitable income tax deduction. The trustee then sells the asset at full market value, paying no capital gains tax, and re-invests the proceeds in income-producing assets. For the rest of your life, the trust pays you an income stream at a minimum of an annual frequency. You may choose a fixed percentage or fixed dollar amount of payout. When you pass, the remaining trust assets go to the YWCA and any additional charities you’ve chosen. That’s why it’s called a charitable remainder trust.
Structured properly, a charitable transfer of real estate can not only serve a donor’s philanthropic goals, but also provide significant tax benefits and, under the right circumstances, increased cash flow. The general rule for federal income, gift and estate tax purposes is that property is to be valued at its fair market value (FMV) at the time of contribution. FMV is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of the relevant facts. If a donor places a restriction on the use of the contributed property, the FMV must reflect that restriction.
We would be honored to discuss ways you can include the YWCA in your estate plans. Additionally, we can recommend legal and financial professionals who can continue this discussion in greater depth. Please contact the YWCA at 615.269.9922.
Notes
carve you r name o n hearts, not tombstones. A legacy is etched into the minds of others and the stories t h ey s hare ab o u t yo u. - Shannon L. Alder -
615.269.9922 | ywcanashville.com 1608 wo o d m o n t b lv d. , n a s h v i l l e ,
tn 37215
