Planned Giving

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Donor Stories

Remembering Georgia: Family and Friends Create Lasting Legacy

Georgia Nagatomo DiesethGeorgia Nagatomo Dieseth left an indelible mark on those who knew her. After passing away at 34 from Leukemia, her family and friends took steps to ensure her legacy lives on for years to come. More »

Uncovering the Mystery of a Generous Donor

Deloris Barnack KennerIn 2017, WCI announced the Deloris Barnack Kenner Fund, an endowment that will support teaching excellence, student scholarships and athletics well into the future. A generous gift, but WCI had a burning question: Who was Deloris? More »

Family Embraces Community Giving Through Donor Advised Fund

Dan and Lisa MalmstromA quilt wrapped around his shoulders, Grant Malmstrom watched as his parents, Dan and Lisa Malmstrom, conversed with a member of Quilters Embrace, an Otter Tail County sewing group that creates quilts for Quilts of Valor. The organization distributes quilts to armed forces veterans and men and women currently in service. More »

Putting the Heart in 'Heart-Land'

Heart-Land GivingThere's a reason we named our farmland donation program "Heart-Land Giving." First of all, farmland is at the heart of our region's commerce. Some of the most fertile land in the Midwest is right here in west central Minnesota. The towns we serve sprouted up to provide support for farm families-grain elevators, banks, grocery and drug stores, implement dealers, schools, clinics and more. More »

Family Shares Values with Donor Advised Fund

Ekstrand FamilyA single word steered one family's decision to set up a donor advised fund with WCI: Share. It's a word that reflects the approach to living, stewardship and community that Rick and Tammie Ekstrand and their family take. And it's why they established the Ekstrand Family Donor Advised Fund. More »

A Beautiful Legacy The Floyd and Harriet Miller Endowment Fund

MillersDid you know there are more than 1,000 varieties of peonies? The Rev. Floyd Miller did. He had 200 varieties of them in his Fergus Falls garden. Floyd was devoted to the flower; to his wife, Harriet, of 46 years; to his church, St. James Episcopal; to his member organizations; and to his friends. More »

The Inga Johnson Fund

Inga JohnsonIt was a combination of forethought, thrift - and most of all care - that turned one person's gift into one that will touch many people for many years to come. That one person is Inga Johnson and her gift was the Inga M. Johnson Endowment Fund. More »

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A charitable bequest is one or two sentences in your will or living trust that leave to West Central Initiative a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to West Central Initiative, a nonprofit corporation currently located at PO Box 318, Fergus Falls, MN 56538-0318, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to WCI or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to WCI as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to WCI as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and WCI where you agree to make a gift to WCI and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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