Gift planning can maximize your support for Waypoint and the families we serve while achieving your personal financial and philanthropic objectives.
Here are long-term giving options to the Waypoint Endowment Fund:Outright Gift of Cash or Appreciated Securities:
These gifts assure maximum benefit to Waypoint and minimum immediate income tax deduction for you based on current fair market value.
A Two- to Five-Year Pledge of Cash or Appreciated Securities:
These gifts allow you to maximize your commitment to Waypoint by spreading your gift over several years.
Outright Gift of Real Estate:
Give land or a home to support your philanthropic intent.
Charitable Bequest in a Will or Trust:
These gifts enable you to retain total control of your assets during your lifetime. Deferred gifts in wills or trusts should incorporate our full legal title - Waypoint Services for Women, Children and Families; and our federal identification number - 42-0680307.
Gift with Retained Right to Receive Income:
A life income gift is one in which you contribute assets to Waypoint while retaining the right to receive income. The two main type of life income gifts are charitable remainder trust or charitable gift annuity. Each has a slightly different use and tax result.
Gift of Life Insurance:
You may convert existing or new policies into a charitable gift.
Charitable IRA Rollover for Donors Age 70 ½ or Older:
Legislation extends opportunities for traditional or Roth IRA owners age 70 ½ or older to make direct, tax-free transfers to Waypoint up to $100,000. To make a charitable gift from an IRA, donors should contact their IRA trustee or custodian and notify our office of your plans so we may ensure proper transfer and receipt of your gift.
This program provides Iowa income tax credits worth twenty percent of the amount of the gift to individual and corporate donors who give to endowed funds at qualified community foundation. Waypoint has an endowment fund at The Greater Cedar Rapids Community Foundation and gifts of any amount to this fund are eligible for tax credits. Checks may be written to the Waypoint Endowed Fund of the Greater Cedar Rapids Community Foundation, 324 3rd St. SE, Cedar Rapids, IA 52401.
Whatever method you choose, the Waypoint staff will work with you, your attorney or investment advisor to ensure that your requirements are met. You can rest assured that the Endowment Investment Committee of the Waypoint Board of Trustees will use their expertise to carefully manage your gift.
Legal and Tax Information
The Official corporate name of Waypoint is Waypoint Services for Women, Children and Families and this name should be used in all legal documents. Gifts to Waypoint qualify as charitable contributions to an IRS Section 501c3 organization for federal, estate and gift tax purposes.