Ways to Donate

The Wawasee Sailing Foundation is a 501(c)(3) organization. Gifts are deductible to the full extent allowable under federal and state regulations.

Cash
A gift of cash during a person's lifetime is the simplest type of gift. These can be made in person or anonymously, directly or on behalf of another person. Gifts within a year may be deductible from that year's income taxes.

IRA Qualified Charitable Distributions (QCDs)
Directing all or a portion of your IRA Required Minimum Distributions to the ILCA can result in that money not counting in your income for income tax purposes and can also reduce your Medicare IRMAA payments.

Marketable Securities and Investment Real Estate
Gifts of appreciated securities and real estate held for investment purposes are often more beneficial to the donor than gifts of cash. When such items are donated, the donor receives a contribution deduction equal to the current market value of the security and generally, the excess of the market value over the donor's cost basis is not taxed. Often it can be advantageous to donate substantially appreciated items rather than to sell them and pay the capital gains tax.

Estate Donations
Remembering Wawasee Sailing Foundation in your estate planning (will, trust, account beneficiary, etc.) is another method of giving. Such a gift may be deductible in calculating estate taxes. Provisions for the gift may be included in the body of the will or trust or by adding a simple codicil. If you desire to establish a separate memorial gift within a specific fund, or to specify the purpose of the gift, this may be done by so stating in the provisions of the will or trust.