Gift and Estate Planning

You can make a provision in your will or living trust that directs a portion of your estate to a named beneficiary, such as Agrace. A bequest offers these benefits:

• You make a major gift while preserving these assets during your life.
• You reduce your federal estate taxes.
• You leave a legacy of goodwill to your family and community by designating your gift to Agrace.

Cash, securities, real estate and tangible personal property, such as works of art, may be willed to Agrace through your estate. There are several ways to gift bequests, and there is specific language that needs to accompany these different gifts in your will. You can download our suggested bequest language for details, or contact Lisa Dahlgren at (608) 314-2927 with your questions.

A charitable gift annuity (CGA) provides a fixed income—for life—for you and a loved one first, and a donation for your favorite charity later.

• The payout rates are based on your age (see sample rates).
• Rates are designed to provide a fair return and ensure that at least 50 percent of the initial principal of your gift will be left to Agrace upon your death.
• The annuity payments you receive throughout your lifetime are partially income-tax-free, and you receive a tax deduction in the year you set up your annuity.
• People who are age 70½ and older may elect, as part of their QCD limit, a one-time gift of up to $50,000 to a charitable gift annuity.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.

If you are considering a gift of appreciated property, such as stocks or bonds, to Agrace, note these financial benefits:

• You receive a tax deduction for the full, current fair market value of the donated property.
• You avoid the capital gains tax and other expenses that would be incurred if the property were sold by you.

Stock transfer information:
Agrace Hospice Care Inc. Federal Tax ID number: 39-1319537

BMO Bank
Joel Haraldson
770 N. Water Street
Milwaukee, WI 53201
(800) 472-0060
DTC# 0075
Account # 3639-9063

Donor Information:
If you are making a gift of stock, please complete this form to tell us more about who you are. Donor contact information is often not included in transfers of stock, making it difficult to provide tax documentation and say thank you!

Questions?
Please contact Lisa Dahlgren at (608) 314-2927.

With a gift of $100,000 or more, an Endowment Fund or Term Gift Fund can be established in your name (or in the name of your loved one, or anonymously) to provide support for Agrace. Your gift can be restricted for a specific focus fund or established for the general support and needs of Agrace. Endowment funds make it possible for Agrace to offer comprehensive end-of-life care and supportive care now and in the future.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.

Naming Agrace as the beneficiary of your IRA or other retirement account is an easy way to support our mission and take advantage of tax benefits at the same time.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.

Make a Qualified Charitable Distribution (QCD)

IRA holders can make a qualified charitable distribution (QCD) of up to $105,000 after age 70½ to reduce their taxable income. A QCD counts toward your required minimum distribution,* if applicable.

People who are age 70½ and older may elect, as part of their QCD limit, a one-time gift of up to $53,000, adjusted annually for inflation, to a charitable remainder unitrust, a charitable remainder annuity trust or a charitable gift annuity.

Key details of a QCD:

• QCDs are subject to a $105,000 annual limit (in total to one or more charities); a couple with separate IRAs can each distribute up to $105,000.
• The gift must be from a traditional or inherited IRA.
• The gift must be given to a qualifying public charity, such as Agrace, and go directly to the charity.  Instruct your IRA trustee or custodian to distribute the funds directly to Agrace.

Name Agrace as your beneficiary: 

Most people who inherit IRAs from someone other than their spouse must take the money and pay taxes on it within 10 years, rather than stretching it over their expected lifetime. To reduce this tax burden, IRA holders may want to consider tax-advantaged charitable giving. If you believe your heirs would struggle with the tax burden of the 10-year IRA withdrawal schedule, consider donating your IRA funds to a favorite charity, such as Agrace, and leaving different assets to your loved ones.

Be sure to talk to your tax and financial advisors about IRA rules and potential advantages of naming Agrace as an IRA beneficiary as you plan to provide for your loved ones. If you have questions about giving to Agrace, please contact Lisa Dahlgren at (608) 314-2927.

* IRA Required Minimum Distribution (RMD) ages, effective January 1, 2023:

A gift of life insurance is a relatively low-cost way to make sizeable donation to the Agrace Foundation. No other kind of gift can magnify your original contribution as much as a gift of life insurance. The annual premiums are deductible, if you itemize. Here are some options if you are considering a gift from your life insurance:

• You can name Agrace as the primary, secondary, remainder or residual beneficiary of an existing policy.
• You can establish a new policy and name Agrace as the irrevocable beneficiary.
• You can donate a policy you no longer need.
• You can use life insurance to replace the value of gifts to Agrace.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.

Significant tax advantages usually accrue to donors making outright gifts of appreciated real estate. Benefits to the donor include a full fair-market value charitable deduction, up to 30 percent of adjusted gross income, with a five-year carry-over provision and no capital gains tax on the property appreciation. Gifts of real estate will be credited at their appraised value at the time the gift is made. Agrace reserves the right to either accept or reject any offer of real estate.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.

Life estate gifts are gifts of a residence, farm or vacation home. The donor will receive a charitable tax contribution at the time of the gift, and the donor retains a life estate in the property (continues to use the property for life). After the lifetime of the donor, Agrace accepts ownership of the property.

Please contact Lisa Dahlgren at (608) 314-2927 with your questions.