}

Planned Giving

planned gift through WERS is an excellent way to accomplish both personal and charitable goals.

As you consider the role that WERS has played in your life, we invite you to make a transformational gift to WERS and leave a permanent legacy by incorporating WERS into your estate plan through a planned gift. Your planned gift may be used to create a permanent named fund; endow an annual gift or an existing scholarship fund; establish an unrestricted fund to address future needs, or support a specific program.

Planned gifts can include any of the following:

  • Bequest
  • Retirement Plan Assets
  • Charitable IRA Rollover
  • Life Insurance Policies
  • Charitable Remainder and Lead Trusts
  • Donor Advised Fund Succession Plans

In honor of your gift, we welcome you into the Charles Wesley Emerson 1880 Society, which recognizes donors who have included WERS into their estate plans.

To learn more about planned giving or notify us of your planned gift, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu, or complete and return the response card.

Thank you!

BEQUEST

bequest to WERS is a wonderful way to ensure that programs that are important to you continue to be supported beyond your lifetime. Bequests can be made by will or revocable trust.

Bequests can take a variety of forms, including:

  • A specific dollar amount
  • A specific percentage of your estate
  • A specific asset
  • A “residuary bequest” in which you name WERS to receive all or part of your remaining estate after bequests to loved ones have been satisfied

With a bequest, you have the flexibility to adjust your gift through a simple amendment if your life circumstances change. In addition, you may receive valuable estate tax savings.

Sample Bequest Language:

“I give and bequeath [specific dollar amount, specific percentage, or described property] ______________________ to WERS 88.9FM with the request that the fund/property thus transferred be used for the following purpose(s)*: ______________________ [ADD IF APPLICABLE: pursuant to the Gift Agreement on file at WERS].”

*Your bequest may be used to create a permanent named fund, endow an annual gift, endow a scholarship fund, establish an unrestricted fund to address future needs, or support a specific program.

Another type of bequest can be made through a Charitable QTIP Trust (Charitable Qualified Terminable Interest Property Trust).  With a Charitable QTIP trust, you can direct the income from the trust (and principal, if needed) to your spouse for life, after which the remaining assets will pass to WERS. The entire value of the trust will escape estate and gift tax. Please contact your estate planning attorney to see if this option is appropriate for you.

Here is a copy of WERS’ tax-exempt status letter with tax identification number »

To learn more about making a bequest or to notify us of your planned gift, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu, or complete and return the response card.

RETIREMENT PLAN ASSETS

Another option, which does not require a change to your will or revocable trust, is to designate WERS as a beneficiary of your retirement plan assets.

When retirement plan assets pass to your heirs, these assets can be subject to both estate and income taxes, which can total more than 65% of the assets. Many donors are electing to avoid these taxes by designating WERS as the beneficiary of their retirement accounts and designating other assets to family members.

Make the Most of Your IRA Gift
Categories Distribution of Heirs Distribution to Emerson College
Retirement Plan Asset Value $100,000 $100,000
Income Taxes at 39.6% ($39,600) 0
Federal Estate Taxes at 35% ($35,000) 0
Savings from §691(c) Deduction* $9,800 N/A
Net Gift $35,200 $100,000

*Income tax deduction available to heirs for a portion of estate taxes paid.

To learn more about retirement plan assets or to notify us of your planned gift, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu, or complete and return the response card.

CHARITABLE IRA ROLLOVER

Gifts of IRA Assets Made During Life

The Charitable IRA Rollover, originally enacted in 2006 and now made permanent by Congress, makes it easier for you to use IRA assets, during lifetime, to make charitable gifts.  This special provision allows certain donors to exclude from taxable income—and count toward their required minimum distribution—transfers of IRA assets made directly to public charities, like WERS. (Without this legislation, withdrawals from IRAs are taxed as income, even if the distributions are then distributed to charity.  Certain tax rules can prevent the charitable deduction from fully offsetting the taxable income.)

The Charitable IRA Rollover requires the following:

  • Your distribution must be made directly from your IRA account to a qualified charitable organization (like WERS) and received by WERS by December 31.
  • You must be age 70 ½ or older;
  • Your distribution may not exceed $100,000 and must be from a traditional IRA or Roth IRA.

Your gift may be used for general or specific purposes you designate.

To request a CHARITABLE IRA ROLLOVER GIFT INSTRUCTION sheet to give to your IRA provider, please contact Nadia Yassa.

LIFE INSURANCE POLICIES

Did you know that you can use a life insurance policy to support your interests?

Life insurance policies offer different options for creating a charitable legacy at WERS.

  • Name WERS as a beneficiary of your policy to go into effect upon your death. Your estate will receive a charitable deduction for the value of the gift.
  • Irrevocably designate WERS as both the owner and beneficiary of a paid-up policy. You will receive an immediate income tax charitable deduction equal to the lesser of the “replacement” value or cost basis of the policy.

To learn more, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu.

CHARITABLE REMAINDER AND LEAD TRUSTS

charitable remainder trust is a "split-interest trust" that pays income to the donor or other beneficiaries for life or for a specific term of years.

charitable lead trust is a trust that pays income initially to one or more designated charities. At the end of the term, the remaining assets typically pass to heirs or other designated individuals.

If you have established or plan to establish a charitable remainder trust or charitable lead trust, there may be an opportunity to name WERS as a beneficiary, if the trust document permits this.

To learn more, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu.

DONOR ADVISED FUND SUCCESSION PLANS

Donor advised funds are charitable giving vehicles administered by a public charity and created for the purpose of managing charitable contributions. Donors may recommend grants from their funds to qualified nonprofit organizations, like WERS.

If you have established or plan to establish a donor advised fund, you can name WERS in your fund succession plan as a beneficiary to receive a certain dollar amount or percentage of the remaining assets in the fund. This can occur at your death or other specified time in the future.

To learn more, please contact: Nadia A. Yassa, JD, Director of Estate and Gift Planning at 617-824-8288 or nadia_yassa@emerson.edu.

CONNECT WITH WERS