Planned Giving

For 38 years, Wilderness Inquiry has been providing opportunities for people to enjoy adventures they thought were out of reach, including thousands of urban youth, people with disabilities, and families with special needs. Together, we’re opening hearts and minds to create a more equitable world.

Planned gifts offer many benefits to donors, and help WI serve more people who otherwise would not have the opportunity to participate. Read about others who have put Wilderness Inquiry into their estate plans.

For more information on how you can build a Wilderness Inquiry legacy, please contact Julie Storck at 612-676-9424 or julie@wildernessinquiry.org.

Our Partnership with the Minnesota Community Foundation

Wilderness Inquiry has created a partnership with the Minnesota Community Foundation (MCF), an affiliate of the Minnesota Philanthropy Partners, to help us grow our long-term endowment assets and assist our donors with their planned giving needs.  As a nonprofit community foundation, its mission includes working with individuals, families, and nonprofit organizations to make charitable giving thrive and benefit all Minnesotans.

Through our partnership, Wilderness Inquiry is able to utilize their expert staff and many years of experience in helping donors accomplish their philanthropic goals.  MCF staff provide professional advice on complex gift transactions and can execute deferred gifts, such as charitable gift annuities, for our donors.  If you are interested in learning more about how a planned gift can help you achieve your charitable goal for Wilderness Inquiry, please contact Julie Storck at 612-676-9424.

Planned Giving Overview

What is Planned Giving?

Planned Giving enables donors to support Wilderness Inquiry, either during their lifetime or at death, as part of their overall financial or estate planning.

While some planned gifts provide a life-long income to the donor or loved ones, others use estate and tax planning techniques to provide for charity and other heirs in ways that maximize the gift or minimize its impact on the donor’s estate.

This type of charitable giving can be very attractive to both donor and charity, whether a donor uses cash, appreciated securities, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc.

Why Planned Giving?

Planned Giving is a smart, structured way to make a gift to Wilderness Inquiry in a way that best works for you. Through many different Planned Giving options, you can support our mission – while establishing a legacy, becoming an integral and active part of the Wilderness Inquiry community and making more possible for the young people and families we serve.

Planned Gifts also give back; they can provide income for you and your loved ones for life.   They allow you to take sizeable income, gift, and estate tax deductions and provide favorable capital gains tax treatment. Planned Gifts allow you to leave a legacy that fits your philanthropic goals.

What kinds of gifts can I give to Wilderness Inquiry?

During your lifetime you can make an outright gift of cash, securities or other property (e.g., real estate, personal property).

You also have the option of making a gift that returns lifetime payments to you, your spouse, or other individuals.  These life income gifts include charitable gift annuities and charitable remainder unitrusts. You may also include a provision in your will establishing these gifts for the initial benefit of a loved one and the ultimate benefit of Wilderness Inquiry.

You can make a gift through your will, revocable trust, or a distribution from a retirement plan or life insurance policy.

What sort of assets can I use to make a gift?

Almost anything: cash, publicly traded securities, or the balance in your retirement account. Other assets—such as real estate, closely held stock, and artwork—can be considered as well.

What tax deduction will I receive for my gift?

It depends on the gift:

  • Outright gifts generate a full itemized income-tax charitable deduction. Outright gifts of appreciated securities are deductible at fair market value, with no recognition of capital gains—a great double tax benefit.
  • Gifts of personal property, like art, books and collectibles, are fully deductible so long as they are relevant to Wilderness Inquiry’s mission. Contact us to learn more.
  • Bequests are exempt from estate tax, however they do not generate a lifetime income tax deduction.
  • Similarly, life insurance distributions to Wilderness Inquiry are not income-tax deductible, but are exempt from estate tax. A lifetime gift of an insurance policy to Wilderness Inquiry generates a deduction for the value of the policy or the donor’s basis in the policy, whichever is less.
  • A gift that makes payments to you, such as a charitable gift annuity or a charitable remainder trust, generates a deduction of the fair market value of the gift asset minus the present value of the income interest you retain.

 

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