Ways To Give
The Women’s Fund of Greater Milwaukee is a 501 c(3) organization; our Federal Tax ID Number is 20-3514894.
The Women’s Fund offers a variety of options for you to support our work, whether through a gift from your current resources, through your IRA, an insurance policy, donation of stock or appreciated asset, or in your estate plans. We are thrilled with your gift of support.
NEW with COVID-19 The CARES Act rewards all taxpayers for their generosity. The law allows all taxpayers, regardless of whether the return is itemized or using the standard deduction, to deduct total charitable cash contributions of up to $300 on their 2020 federal tax return. The incentive applies to donations made in 2020 even though they may be claimed on tax forms filled in 2021. Please be sure to consult your tax advisor for more details.
Mail a check or Give Online
Make a gift via a Donor Advised Fund
Make a gift via your IRA
Make a gift via Stocks and/or Appreciated Assets
Make a gift through your Estate with a bequest, life insurance, or retirement plan assets
The Women’s Fund is an endowment which creates an ongoing source of income, enhances stability, and ensures there are always a resource to address systemic issues impacting women with proven and emerging solutions. You also benefit when making an endowment gift as you are investing in the future, creating a permanent tribute to extend your values, and providing assurance the Women’s Fund continues to thrive.
Mail a Check or Give Online
You can choose between a one-time gift or set up a recurring monthly gift of any amount.
You can invest using our online secure portal by clicking HERE.
You are always welcome to write a check payable and mailed to:
Women’s Fund of Greater Milwaukee
316 N. Milwaukee Street, Suite 215
Milwaukee, WI 53202
Make a gift via a Donor Advised Fund
If you have a donor advised fund (DAF) set up – either through a community foundation such as the Greater Milwaukee Foundation, or through a commercial entity such as Fidelity or Schwab Charitable Fund – you can make gifts to your favorite organization such as the Women’s Fund.
Donor Advised Funds provide you the opportunity to support our work while providing flexibility in making gifts. As the funds are already allocated at the time of setting up the fund, DAF’s allow you to give as needed in your community.
Note: in addition to gifts from your DAF account, consider designating WFGM as a beneficiary of your fund. This is a great way to strengthen your support of our mission. Please contact your fund administrator to inquire about completing a beneficiary designation, thank you!
OUR FEDERAL TAX ID NUMBER IS 20-3514894
Legal Name: Women’s Fund of Greater Milwaukee, Inc.
Make a gift via your IRA
There is an annual required minimum distribution (RMD) from qualified IRAs. The Tax Cuts and Jobs Act of 2019, changed the age requirement from 70 ½ to 72 and ½. Individuals may donate all or any portion of the required minimum distribution from qualified IRAs to take advantage of several tax benefits. Please consult your financial adviser for details.
To make an IRA charitable rollover gift:
You must be 72 1/2 or older. (Changed from 70 1/2 in 2019.)
Gifts must be made directly from the IRA to an eligible charitable organization like the Women’s Fund.
Total charitable giving cannot exceed a total of $100,000 per taxpayer for the year.
Gifts must be outright, and no material benefits can be received in return for the gifts.
Gifts cannot be made to a donor advised fund, supporting organization, or private foundation.
The gift is not included in taxable income, and thus reducing taxable income. No charitable deduction is allowed.
Gifts from your 401(k), 403(b), and 457 plans are not permitted.
Steps to take to make a gift:
If you want to make a qualifying transfer, contact your financial adviser and IRA administrator.
Women’s Fund of Greater Milwaukee, Tax ID #20-3514894.
Contact Lisa Attonito, Executive Director, at (414) 290-7350, ext.102 or firstname.lastname@example.org with any questions.
Note: In addition to gifts from your IRA account, please consider designating the Women’s Fund as a beneficiary of your IRA account. This is a great way to maximize your support of the Women’s Fund mission. Please contact your IRA account administrator to inquire about completing a beneficiary designation. Thank you!
Make a gift via Stocks and Appreciated Assets
Thank you for your interest in supporting the mission of the Women’s Fund through a gift of stock.
Benefits of making a Stock gift:
You may receive a federal income-tax deduction for the full fair-market value of the securities
You avoid long-term capital-gains tax on any appreciation in the value of the stock
Your gift will support WFGM as you designate
Contact your financial adviser for more information.
To help facilitate a gift of stock to the Women’s Fund, please use the following instructions:
You can instruct your broker to make a transfer of stock to Women’s Fund of Greater Milwaukee
You receive an income-tax deduction
WFGM may keep or sell the securities
Securities should be transferred to Women’s Fund of Greater Milwaukee Inc., Tax ID #20-3514894. Holding Account at Robert W. Baird & Co., Inc., #3112-1047.
Make a gift through your estate with a bequest, life insurance or retirement plan assets
Ensure future support of advancing equity for women in our community by including the Women’s Fund in your estate plan. Listed here are a variety of ways and vehicles for you to explore.
Whether the ultimate gift is your entire estate, a percentage/portion of your estate, or a set dollar amount from your estate…it is fabulous that the Women’s Fund could be part of your personal legacy. We are honored by your trust and remain committed to addressing issues that impact women in our Greater Milwaukee community. Thank you.
This is suggested language for use in your will. Please contact your attorney to complete your designation and let us know once it is finalized so we can express our gratitude. Thank you.
Percentage of Estate
I <insert your name> hereby give, devise, and bequeath to Women’s Fund of Greater Milwaukee, located in Milwaukee, Wisconsin, a 501c3 community foundation, <enter your desired percentage> percent of my estate.
Remainder of Estate
I <insert your name> bequeath all the residue of my estate, including real and personal property to Women’s Fund of Greater Milwaukee, located in Milwaukee, Wisconsin, a 501c(3) community foundation.
Give a Specific Amount
I <insert your name> hereby give, devise, and bequeath to Women’s Fund of Greater Milwaukee, located in Milwaukee, Wisconsin, a 501c3 community foundation, $ <enter specific dollar amount>.
Give a Restricted Gift
If you decide to direct your gift to something specific, please provide the details. Here is sample language for that purpose.
I <insert your name> give to Women’s Fund of Greater Milwaukee, located in Milwaukee, Wisconsin, a 501c3 community foundation, the sum of $<insert dollar amount> or <insert percentage> of my estate OR the property described herein to be used for <insert the desired purpose>. (Examples may include HER scholarships, Flash Grants, or Programming) If the Women’s Fund determines that it is impossible or impractical to use my gift for the stated purpose, then the Women’s Fund may use my gift for any purpose consistent with Women’s Fund of Greater Milwaukee’s mission.
CHARITABLE REMAINDER TRUST
A charitable remainder trust allows you to gift an interest in property to non-charitable beneficiaries (e.g., children, grandchildren, yourself) for a certain number of years while leaving the remaining assets to nonprofit organizations, like the Women’s Fund. To create such a trust during your life, you must transfer assets (e.g., cash, stocks, real estate) to a trustee through a trust agreement. Payments from the trust are made to you and/or other designated non-charitable beneficiaries for a specified number of years. When the term of the trust ends, the assets remaining pass to the nonprofit organization.
There are two main types of charitable remainder trusts available, depending on what type of payments are made to the non-charitable beneficiaries. An “annuity trust” pays the non-charitable beneficiaries a fixed amount annually, while a “unitrust” pays the non-charitable beneficiaries a different amount, recalculated each year, based on a specified percentage of the fair market value of the assets in the trust.
Through the use of a charitable remainder trust, you may receive significant tax benefits. For example, if appreciated assets are transferred to a charitable remainder trust, no capital gains taxes are paid on the assets’ appreciation in value at the time of the transfer, even if the trustee decides to immediately sell the assets. The establishment of a charitable remainder trust also entitles you to an income tax charitable deduction. A charitable remainder trust can be created at death under your Will, allowing a possible reduction in estate taxes.
It is important to review the tax implications of such trusts with your tax advisor.
Given the uncertain economy, it’s easy to see why many of us are reluctant to part with money we may need later. Fortunately, there is a way to support the Women’s Fund, without having to worry about the impact it could have on your family or lifestyle. It’s the gift of life insurance, and here are just a few ways to use this proven financial strategy.
Giving life insurance can be a lasting and recession-proof way to support an important issue and organization, like advancing equity for women. Depending on the method you choose, it may also offer a variety of tax benefits as well. For more information about the gift of life insurance and how it might help you achieve your personal and charitable goals, consult your tax or financial advisor.
Donate an existing policy
If you have a policy and no longer need the death benefit, you can irrevocably transfer ownership of the policy to your desired charitable organization. While the charitable organization will be responsible for any remaining premium payments, the entity receives the full death benefit when you die.
List the Women’s Fund as a beneficiary
As the owner of the life insurance policy, you remain in control of it. You can leave money to as many beneficiaries as you like: children, grandchildren, and/or charitable organization/s. Often, you can also designate a specific amount or percentage to each beneficiary. If you name only the Women’s Fund as your beneficiary, we will receive the entire amount.
Purchase a separate policy
There are times when it makes sense to have separate policies: one for family/friends and another for charitable gifts. This technique can prove especially helpful if you would like to retain ownership of one policy, but not the other.
For more information about the gift of life insurance and how it might help you achieve your personal and charitable goals, consult your tax or financial advisor.
Women’s Fund Tax ID: 20-3514894
For more information, please contact
Lisa Attonito, Executive Director
414-290-7350 ~ email@example.com