We all hope for and challenging and exciting life with longevity, family, friends and prosperity. The history of our life will be reflected either by what we make certain while we are alive, or what others write about us after we have departed.

 

    The best made plans are those we accomplish ourselves, for your family and of your charitable interests in your over all estate planning. Planning ahead can benefit both you in the present and your estate in the future. Tax payers are permitted to deduct gifts to qualified charitable institutions. Not all people who solicit gifts and donations are qualified organizations. Wings World Wide is a chapter 501 (c) (3) organization, and as such is organized as a not for profit, charitable foundation. Keep in mind that charitable gifts and other deductions can bring maximum savings if properly planned and implemented.

 

    A will is one of the simplest ways to distribute your estate and a way to make thoughtful gifts after you provide for the needs of your loved ones. There are several ways to contribute to organizations you have felt comfortable in supporting by having your legal representative revise your will and add a simple amendment. This amendment may allow you to donate a dollar amount, certain property, a percentage of your estate or what ever is left over after your loved ones have been taken care of.

 

    Possibly you have chosen a revocable living trust to pass along your property, thus minimizing probate costs. You are allowed to provide that at the end of your revocable trust, a portion of the assets in the trust be used for charitable purposes.

 

    A charitable remainder annuity trust is one way to make a gift that allows you to retain income from property for life or for another period of time you specify. Your funds are held separately and invested for payment of a fixed amount you as income. This type of trust ensures you of having a regular income while the remainder, at the termination of the trust, may be distributed to the charity of your choice. Your payments will be at least 5% of the amount placed in the trust while the exact amount is determined by you when the trust is created. Among other considerations you should consider are age and payment size.

 

    There are those who might care to give a gift of real property. This might be a home or certain other real estate that one may wish to give as a gift, but retain the right to live there as long as they live. Using a life estate arrangement, you make the gift, but maintain the right and security of knowing you may live there and long as you wish. You continue to care for the property, pay the taxes and can even receive income that may generate from that property. Because you made a gift of that property through a deed, it does not pass through probate estate at the time of death, possibly saving unnecessary expenses and delays.

 

    Many people are involved in company pension plans or other private funds such as IRAs. These funds can accumulate funds far beyond your needs for a comfortable retirement of you and your loved ones. When this is the case, it may be an option and be convenient to make a gift from these pensions and private accounts to allow charities such as Wings World Wide to continue their vital work.

 

    These are just a few examples of the many ways one can donate to charitable causes. As always, we at Wings World Wide , suggest and encourage you to consult with your legal counsel and tax advisor as to the significant tax savings that may be derived by such a donation.

 

    Donations of this type can be made by the following method:

 

1. Donating through your tax advisor or legal counsel

 

     a. Write a letter to your tax advisor or legal counsel authorizing him/her to make this donation, contribution or gift to:

 

         Wings World Wide

         The Air Medical Foundation

         11411 160th Ct. NE

         Redmond, WA 98052

 

         Tax ID #91 1790 172

 

    Ask your representative to contact David L. Lowe, Esq. at 650-948-2200 or via email at davidlowe@wingsworldwide.org  to arrange this gift. Mr. Lowe can provide you with the information required to make Wings World Wide – The Air Medical Foundation part of your will, establish a charitable remainder trust, contribute real, real property and assets, make a gift of appreciated securities, and explain the tax benefits of such donations. He will be happy to answer your questions and/or assist you in locating the proper representation to accomplish your needs.

 

    Any reference to this Foundation in your estate planning should be named as:

 

 

        Wings World Wide

        The Air Medical Foundation

        11411 160th Ct. NE

        Redmond, WA 98052

 

        Tax ID #91 1790 172