Planned Giving
Bless Future Generations
Wills and Trusts
Your will or trust is a meaningful way to care for loved ones and support causes that are important to you. Ask the Lord to inspire your heart and guide your steps with principles from His Word.
To make an impact that reaches future generations through your will or trust:
- Get Inspired. Seek the Lord’s wisdom.
- Get a Will. Create or update a will that reflects your personal values.
- Have Peace. Tell your family about your plan to leave this long-lasting legacy. Learn more here.
- Let us know. Contact us at [email protected] to let us know you’ve remembered Water Mission in your will. We’d love the opportunity to say thank you and share about the ways your gift will save lives through safe water.
The following language and legal address may be useful when updating your will:
“I give, devise, and bequeath to Water Missions International, doing business as Water Mission, 1150 Molly Greene Way, Bldg. 1605, N. Charleston, SC 29405, the sum of $__________ or the following described property, or ____ percent of the rest, residue, and remainder of my estate.” Tax ID Number: 57-1116978
Trusts
A charitable trust allows you to bless a ministry you care about while still providing an income for you or your heirs. With a charitable lead trust, money is paid first to the ministry of your choice for a specified amount of time. Then at the end of the trust period, the balance is paid to a designated beneficiary. A charitable remainder trust reverses that order, paying an heir first for a specified amount of time, and then transferring the balance to a ministry close to your heart.
Life Insurance
Designating Water Mission as a beneficiary of your life insurance policy is an easy way to help transform the lives of men, women, and children in developing countries and disaster areas through safe and Living Water.
When you set up a permanent life insurance policy with the insurance company of your choice, simply name Water Mission as a beneficiary. Alternately, you may assign the policy to Water Missions International, doing business as Water Mission, and use the cash value as a charitable deduction.
Please let us know that you’ve decided to bless the ministry through a life insurance policy by contacting us at [email protected]. We’d love the opportunity to say thank you and share about the ways your gift will save lives through safe water!
Retirement Plans
You can designate a charity, like Water Mission, as a beneficiary of your retirement account. This gift is not taxable to your heirs and will help bring safe and Living Water to people around the world.
Please let us know that you are blessing the ministry through your retirement plan by contacting us at [email protected]. We’d love the opportunity to say thank you and share how your gift transforms lives through safe and Living Water.
Qualified Charitable Distributions
People who hold Individual Retirement Accounts must take a required minimum distribution each year beginning at age 72 which increases the IRA holder’s total taxable income. However, if you are 70 1/2 or older, you can save on taxes and bring safe water to your global neighbors by designating all or a portion of your RMD to Water Mission. Each person may give up to $100,000 per year. Because your Qualified Charitable Distribution (QCD) will go directly to charity, it is not considered taxable income. While funds in 401(k) or 403(b) plans are not eligible, such accounts can be rolled over to a traditional IRA, allowing you to give to charity using a QCD.
Charitable Gift Annuities
Charitable gift annuities are a simple arrangement that involves a charitable gift and an annuity.
You can easily make a gift (part of which is tax deductible) and receive fixed annuity payments each year for the remainder of your life. At the end of your life or agreed upon term, the charitable gift goes to support our work. Although Water Mission does not currently offer charitable gift annuities, you might be able to establish a gift annuity through a community foundation that will benefit Water Mission.
Please let us know that you’ve decided to bless the ministry in this way by contacting us at [email protected]. We’d love the opportunity to say thank you and share about the ways your gift will save lives through safe water!
Disclaimer: This information is not intended as legal or tax advice. When considering these types of gifts, please consult your estate planning attorney, financial advisor, or other appropriate professionals.