A Gift of Appreciation

Hall and Kathleen Adams

Hall "Cap" and Kathleen Adams

Hall "Cap" Adams and his wife Kathleen are firm believers in helping others and have contributed their time, talent and resources to many nonprofits through the years. Impressed with the work his daughter, Dr. Cristy McNaney, a neuropsychologist at Wheeler and her colleagues were doing, he wanted to support the organization. In 2005, Cap began making annual contributions to support Wheeler's mission by making gifts of appreciated securities.

Gifts of appreciated securities are a great way to maximize the benefit of a gift for both the nonprofit and the donor. In general, when you donate stock to Wheeler or another charity, you can take a tax deduction for the full market value — and the charity will receive a greater contribution than if you sold the stock and donated the after-tax proceeds.

Cap's generosity of spirit is remarkable… and it is a trait he has transmitted to both Cristy and his grandson Joe. Cristy has devoted more than 20 years to caring for children and youth at Wheeler. Cap and Kathleen were recipients of Wheeler's Hands & Hearts Award in 2016

Cap continues to make gifts of appreciated securities to Wheeler to support the services and mission… and his support has never been more appreciated as state funding cuts and federal policy shifts threaten access to health care services for the most vulnerable members of our community.

Learn more about the benefits of gifts of appreciated securities.

To learn how to make a gift of stock to Wheeler, contact Marketing Communications and Philanthropic Giving at (860) 793-4214.

A charitable bequest is one or two sentences in your will or living trust that leave to Wheeler Clinic 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 Wheeler Clinic, a nonprofit corporation currently located at Plainville, CT, 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 Wheeler 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 Wheeler as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 Wheeler 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 Wheeler where you agree to make a gift to Wheeler 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.

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