Wanting to leave a lasting impact on young Christians, Jeff and Yvonne Quint have established a planned gift to endow a scholarship after they are called home to heaven. The Lt. Susan P. Bradley Nursing Annual Scholarship is named in honor of Yvonne's sister, who served in the Navy.
If you were 18 again, what would you tell yourself, or what would you change?
"I'd go to WLC! I can't imagine how different my life would've been if I had been blessed to have my entire educational experience in parochial schools," answers Jeff Quint.
Seventeen years ago, Jeff and Yvonne Quint moved from California to Wisconsin for a change – and change is what they got! From the culture, to the climate, to the community, to their faith life, the Quints loved Wisconsin. With no prior knowledge of Wisconsin Lutheran College, Jeff and Yvonne began attending the Guest Artist Series at the WLC Center for Arts and Performance. They quickly noticed the compassionate and top-notch students they met while on campus.
Later, Yvonne became involved with the Christian Women's Leadership Circle at WLC (she now serves as president), which led her to spend even more time on campus. The Quints knew WLC was a place they wanted to support.
Yvonne recognizes the future impact of their planned gift: "We want to use the resources God has given us to support young people in a Christian environment. The world needs a lot of Christian leaders. There is such a strong emphasis on Christian servant leadership at WLC, and that is what attracts us to the college."
Planning one's estate is not something you think about every day. It takes time and effort, but once you've done it, you can have the peace of mind that your wishes will be fulfilled. Yvonne states, "Our hope and prayer is that we can help these young Christians gain a firm foundation to carry forward for the rest of their lives."
Like the Quints, you can share your legacy with a planned gift to Wisconsin Lutheran College. Contact Richard Mannisto '94 at 414.443.8788 or email@example.com today to learn more.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Wisconsin Lutheran College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to Wisconsin Lutheran College, a nonprofit corporation currently located at 8800 W. Bluemound Road, Milwaukee, WI 53226, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to WLC or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to WLC as a lump sum.
You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to WLC as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and WLC where you agree to make a gift to WLC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.