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Using a Blended Gift to Reach Your Charitable Goals

Priscilla's blended gift was her way of saying, "I want Wheaton to continue to do for others what it did for me."

"I was raised in a family which valued giving and I have raised my own children and grandchildren in a similar way. I have donated to Wheaton and the Wheaton Fund every year since I graduated in 1974 which began as my way of saying thank you Wheaton for helping make me who I am today.

Including Wheaton in my will with both a bequest and as a beneficiary of an IRA is a culmination of the giving, a way to say I want Wheaton to continue to do for others what it did for me. It is also important to me for my family to know and share in my love for Wheaton and see that there are some things worth doing in life—I'm glad I can demonstrate these feelings in my bequest.

I was lucky to have found this amazing college that will always be a part of me. My giving makes me really happy!"

—Priscilla Carey '74, Wheaton College Trustee

What is a Blended Gift?

A blended gift is a combination of a current and future gift made to support the work of Wheaton College.

Blended Gifts video

Popular Blended Gifts

1. Wheaton Fund Gift and Bequest

A "Wheaton Fund Gift and Bequest" is a combination of a current gift to the Wheaton Fund and a charitable gift made in your will or trust. It is an easy way to support the college today and make a lasting future impact.

Benefits:

Receive a charitable income tax deduction for your Wheaton Fund gift this year.
Leave a lasting legacy through a bequest to support the college and continue to use and control those bequeathed assets during your lifetime.

How it works:

You can make a Wheaton Fund gift this year by contacting us or visiting our giving website. Then, with the help of an attorney, you can include language in your will or trust specifying a legacy gift to be made to Wheaton as part of your estate plan. Or you can make a bequest by designating the college as a beneficiary of your retirement account or life insurance policy.

Learn more about bequests.

2. Donor Advised Fund (DAF) and Bequest

A "DAF and Bequest" is a combination of a current gift through your donor advised fund today and a charitable gift made in your will or trust to benefit Wheaton in the future. It is a wonderful way to support the college now and leave a lasting legacy to the college.

Benefits:

Obtain a charitable income tax deduction in the year of your DAF gift.
See firsthand how your DAF gift makes an impact during your lifetime.
When you pass away, your heirs can recommend charitable gifts from your DAF and continue your philanthropic legacy.

How it works:

Once you establish your DAF, you recommend current gifts from your fund to Wheaton during your lifetime. Then, with the help of an attorney, you can also make a bequest, designating the college as a beneficiary of your retirement account, life insurance policy or other assets.

There are multiple ways you can use a DAF to establish a bequest. You could designate your DAF account as a beneficiary of your estate. Then when you pass away, your assets flow into your DAF and your heirs can continue your legacy of giving to the college. Alternatively, you could name Wheaton as the beneficiary of your DAF.

Learn more about donor advised funds.

3. IRA Rollover Gift and Bequest

An "IRA Rollover and Bequest" is a powerful way you can support Wheaton. You can make a series of IRA rollover gifts today while also establishing your legacy through your future bequest.

Benefits:

If over age 70½, you can roll over up to $111,000 from your IRA to charity.
You are not taxed on the IRA charitable rollover.
If over age 73, an IRA rollover may fulfill your required minimum distribution.

How it works:

You can start the IRA rollover gifts plan during your lifetime with annual Wheaton Fund gifts. Make your giving go further and create a lasting legacy by adding a charitable bequest to your IRA rollover gifts. A bequest is an easy way to leave a gift to Wheaton as part of your estate plan.

Learn more about the IRA charitable rollover.

4. Gift and charitable gift annuity

An alternative way you can support Wheaton while receiving lifetime payments is to make a gift today and also fund a charitable gift annuity.

Benefits:

A helpful benefit of this gift is that you receive an income tax deduction.
A charitable gift annuity provides fixed payouts for one or two lives.
With a charitable gift annuity funded with cash, a substantial amount of each payout is tax free.

How it works:

You can make your giving go further at Wheaton and create a lasting legacy by adding a charitable gift annuity to your current gift. With your charitable gift annuity, we send you fixed payments, and you also enjoy tax savings. After all payments are completed, your gift will help Wheaton provide future students with a transformational liberal arts education.

Learn more about charitable gift annuities.

Is a blended gift right for you?

If you have ever thought, "I would like to make a gift to Wheaton but am apprehensive about my future," a blended gift might be right for you. There are many different ways to structure blended gifts.

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Calculate Benefits

The charitable remainder unitrust calculator generates a printable presentation that shows how you can enjoy increased income with a tax-free sale plus benefit from charitable tax deduction.

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Number of Beneficiaries

One Two

Click the appropriate button for a presentation of one or two beneficiaries. Selecting one beneficiary will cause the second beneficiary and the associated name and birthdate fields to be hidden from view.

First Beneficiary

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the first beneficiary

Birth month of the first beneficiary is required

Birth day of the first beneficiary is required

Birth year of the first beneficiary is required

Second Beneficiary

Second beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the second beneficiary

Birth month of the second beneficiary is required

Birth day of the second beneficiary is required

Birth year of the second beneficiary is required

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are uncertain about the correct rate, you may choose one of the middle rates. For many people, this will be close to their actual income tax rate.

Property Value $

Please enter a valid property value

Property value is required

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV is the appraised value of the property on the date of the gift.

Cost Basis $

Please enter a valid cost basis

Cost basis is required

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Current Return

Current return percentage is required

Enter the current return or yield of the asset(s) which will be used to fund the gift agreement. For example, if the trust will be funded with public-traded stock which is currently paying a dividend of 3%, the current return yield is, in turn, 3%. If the gift is funded with vacant land or a personal residence (assuming the property is not leased), the current return would be 0%.

Trust Payout

Payout must be between 5% and 50%

Payout percentage is required

Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.

Payment Frequency

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

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Make a Gift From My DAF

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DAF web page

Notify us of your DAF gift

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Your Name

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Comments

Thank you for considering a DAF gift to us. Click on the website link to your DAF provider. It will take you to a third party website. You may be able to log in and recommend a grant to Wheaton College. Another option is to call your DAF provider to recommend a DAF gift. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.

Your Name

Your Address (Street or P.O. Box)

Your ZIP

Notify us of your DAF gift

Your Email

Comments

Thank you for considering a DAF gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.