You may support Winnetka Community House in a number of ways, each of which provides the institution financial support while enabling you to realize immediate tax savings. Recent tax legislation may make one gift vehicle more advantageous than another. Through careful planning, you can identify the method for making a contribution which best fits your situation, while maximizing your gift’s impact on Winnetka Community House. We encourage you to consult with legal and financial advisors to decide which option is most advantageous to you. We will be pleased to meet with you and your advisors in complete confidentiality to assist you as you consider these options.
The Annual Fund
The Annual Fund is extremely important to Winnetka Community House. It helps to strengthen the foundation on which the institution will build its future.
Your annual contribution helps to keep user fees reasonable, to purchase equipment for classrooms, to provide funds for technology acquisitions, to strengthen programs in the arts, to sustain recreational programs and to support staff professional growth.
You can participate in Winnetka Community House’s growth and success with a gift to the Annual Fund. This helps to fulfill our commitment to provide the best educational, cultural, social and recreational environment for all ages.
How and When to Make a Gift to the Annual Fund
You can mail your gift to the Development Office at Winnetka Community House, or you can use your MasterCard or Visa to make a gift.
If you would like to participate in the Annual Fund but are unable to make your contribution right away, we would be glad to send you a pledge reminder. Just let us know the amount you wish to contribute and the date you would like to be reminded.
Membership in Winnetka Community House’s giving societies is based on the total of your gifts plus matching gifts that are received during our fiscal year (July 1–June 30). The list of club members is printed in the Annual Report each year. The giving clubs are as follows:
Founding Fathers Society
The Founding Fathers Society honors and recognizes those who have provided outstanding leadership support to Winnetka Community House on an annual basis. Their long-term commitment at the highest level guarantees the mission will thrive at Winnetka Community House well into the future.
The Stewardship Society
The Stewardship Society has been established to encourage and recognize annual gifts of $1,000 or more to one of Winnetka Community House’s charitable giving programs. Members of The Stewardship Society provide the annual income that helps furnish today’s residents with the special educational, cultural, social and recreational programming that will enrich their lives.
The Benefactor Society
The Benefactor Society recognizes annual gifts at a level under $1,000. Members of these giving societies uphold the mission of Winnetka Community House and provide the institution with a sound base of ongoing, annual financial support.
The Legacy Society was founded to honor individuals who have expressed their commitment to the continuation of the educational, cultural, social and recreational offerings available at Winnetka Community House by making a planned gift
*As a convenience to you, your giving society membership may be paid in installments within the fiscal year. All contributions to the Annual Fund are tax-deductible to the full extent of the law.
Gifts of Endowment Funds
The gift of an endowment to Winnetka Community House is an excellent way to ensure future excellence in perpetuity. It also provides the donor with the satisfaction of knowing that his or her generous legacy will continue as long as WCH exists. While endowments may be established to support virtually any activity or program at WCH, we have a critical need for general Board-designated endowment funds. This allows the Board of Governors the flexibility to spend endowment earnings as needs arise, thus making the best choice for the use of funds in any given year.
Memorial Scholarship Funds
Winnetka Community House’s generous and devoted family and friends continue to support scholarship opportunities. The donations have been placed in restricted funds to provide scholarships for candidates who demonstrate economic need and who show evidence of the ability to succeed in our programs.
Please contact us if you would like to establish a new endowment or contribute to an existing endowment at Winnetka Community House.
Gifts of Cash
A cash gift entitles you to a charitable deduction against income. The deduction must be taken in the year in which your gift is made. If the amount of your gift exceeds 50 percent of your adjusted gross income, you may carry over the excess of your contribution for as many as five years. Cash gifts can be made as a one-time contribution or over several years as payments toward a pledge. Checks should be sent with any designated purpose for the gift clearly indicated. Gifts delivered or mailed by December 31 qualify for tax deductibility for the calendar year. Please make checks payable to Winnetka Community House.
Gifts of Appreciated Securities
A gift of appreciated securities entitles you to a charitable deduction equal to the fair market value of the securities, and none of the appreciation in the security is taxable to the donor. When you give securities, your federal tax deduction is limited to 30 percent of your adjusted gross income for the year in which you make the gift. However, you may carry forward the excess amount as a charitable contribution for up to five years, subject to the 30 percent rule.
Life Income Gifts
A life income gift to Winnetka Community House allows you and/or a beneficiary to retain income from the assets donated and take a federal income tax deduction for a portion of the gift value (depending on the terms of the gift) while eliminating capital gains tax on gifts of securities or real estate. Referred to as Charitable Remainder Trusts, life income gifts to Winnetka Community House should be arranged between you, WCH, and your financial and legal advisors to ensure a giving arrangement that is tailored to your personal requirements.
Gifts of Income Interest
A charitable Lead Trust, an assignment of trust income to Winnetka Community House, allows you to give an income interest to the institution for a designated period of time, after which the property in the trust returns to you or your heirs. In certain cases, this method of giving allows you to reduce the gift and/or estate tax when the assets are passed to your children or grandchildren at the expiration of the trust.
Gifts of Life Insurance
Life insurance is a unique way to give to Winnetka Community House. To qualify, Winnetka Community House needs to become owner and beneficiary. You may choose to donate a paid-up policy no longer needed, give a policy that is not fully paid-up and take a deduction for the present value of the policy, or make WCH the owner and beneficiary of a new policy. Ongoing premium payments qualify as charitable deductions.
Gifts of Closely Held Stock
When you give gifts of closely held stock to Winnetka Community House, you avoid capital gains on the appreciation of the stock and receive an immediate personal tax deduction for the full market value of your gift limited to the 30-percent, five-year rule. Often, the gift is followed by an offer from the corporation to redeem the stock from its retained earnings. To make a stock gift click here for Letter of Confirmation for Stock Gifts to Winnetka Community House.
Gifts of Real Estate
Gifts of appreciated real estate are like gifts of appreciated stock. Any type of property you have owned for more than one year qualifies as a charitable contribution at its fair market value. The asset may be given outright, may serve as the corpus of a trust arrangement, or in the case of a personal residence, may be given with the right of lifetime tenancy by the donor and/or spouse. An immediate charitable deduction is available to the donor, and the gift is not subject to capital gains taxes.
This type of gift can take several forms and, in most cases, provides a charitable deduction equal to the fair market value of the property. If the asset has appreciated in value and the donated asset is used by Winnetka Community House in its educational program, the donor is entitled to a charitable deduction equal to the asset’s fair market value. If, however, the asset is not used by WCH in its educational programs, the donor’s charitable deduction is her or her cost basis in the property.
So often we think of making gifts to the institution that represent causes we care about in immediate terms – by writing a check or making a cash or stock gift. A bequest to Winnetka Community House is not subject to federal, estate or local inheritance taxes, and the value of the bequest is deductible in determining the taxable estate. There is no limit on the deduction. See Legacy Society.
Memorial and Tribute Gifts
Winnetka Community House accepts and acknowledges gifts, that honor or memorialize individuals. More and more, it is customary for friends and family members to express their sympathy through memorial giving as a meaningful way to offer consolation on the loss of a friend or relative. At other times, marking a special occasion or an achievement by honoring a person, couple or family through a tribute gift may be appreciated more than a material gift.
The amount of your gift is kept confidential, and the friend or family member is informed of your thoughtfulness through an acknowledgement card from Winnetka Community House.
These gifts are often directed toward the institution’s general unrestricted fund. These gifts can also be a good starting point for a memorial membership or for the purchase of a special gift for the institution.
You may be able to double or triple your gift through your company’s matching gift program. If your employer makes such contributions, the personnel office will have complete details on how to direct a matching gift to Winnetka Community House. Matching funds, once received, will count toward your yearly gift.
Pledge your support to
Winnetka Community House.
If you need gift planning assistance at any time, please contact Interim Director of Advancement, Lisa D’Angelo at (847) 881-9316.