This document provides information on creative giving options for donating to Life Matters World Wide (LMWW), including direct donations, third-party donations through organizations like United Way, partnering with local businesses for donations from purchases, hosting fundraising events, and donating appreciated stocks and retirement funds to avoid capital gains taxes. It highlights opportunities provided by the CARES Act in 2020 to increase tax deductions for charitable donations. Suggested ways to make tribute bequests honoring others through wills, trusts, insurance policies, and retirement accounts are also outlined.

2. HAVEYOU HEARDTHESE COMMENTS?
I paid so much tax this year!
How do I avoid IRA withdrawal
income tax liability?
Investments are so tentative right
now!
I would love to give, but I would
pay so much in capital gains tax,
if I sell my stock!
Retirement assets to my children
will cost them so much in taxes!
Potential solutions follow

3. CREATIVE GIVING
Getting to the Heart of the Matter
.

4. CREATIVE GIVING OPTIONS
.
Giving directly
on your website
United Way can be
utilized as a third-party
to donate through
Find a local
business to
partner with
for a Win-Win
0.5% of eligible
purchases as donation
Tangible, thoughtful, and
intentional way to fundraise
EVENTS
Banquets, walks, golf,
conference, and many more

5. CHARITABLE GIVING WITH
COVID19 CARES ACT
In 2019, 60% of cash gifts were deductible for tax purposes
for itemizers’ charitable deduction.
Now, with the COVID19 pandemic, the government says that
100% of cash/check gifts to LMWW are deductible!
.
Example: Cash/Check/Online Giving Charitable Deduction Allowance
2019 $10,000 $6,000
2020 $10,000 $10,000

6. CHARITABLE GIVING WITH
COVID19 CARES ACT
Did you know?
The 2020 Cares Act provides you the
opportunity to give “above line 31” deductions if
you do not itemize.
An individual can give up to $300, a married
couple $600, to Life Matters World Wide. This
would reduce your taxable income for 2020,
thus reducing your taxes.
.

7. A matching gift from
your company could
double or sometimes
triple the impact of your
personal gift to LMWW.
MATCHING GIFTS
.
Contact your company’s
Human Resource
Department to see if they
match cash/check gifts to
LMWW, a 501C3.

8. OUTRIGHT GIFTS
Tangible personal property.
• Donor may receive a charitable deduction to LMWW.
Receive full value of your gift or the cost basis,
whatever the IRS allows.
Examples- Artwork, Fine Jewelry, Collectibles,
and other select items that may be acceptable to
Life Matters WW.
• Appraisal information for donors is found at:
www.appraisers.org/docs/default-source/discipline_pp/irs-
requirements-for-appraisals-of-gifts-and-donations.pdf
.

9. .
APPRECIATED STOCK
Better Solution to Give:
Give appreciated stock to LMWW before selling to
avoid tax liability.
Contact your stockbroker.
• Your broker gives the stock directly to Life Matters, from
your broker to our stock transfer agent.
• We, LMWW, will give your broker or you the needed
information for our stock transfer agent.
• You pay no taxes and get a charitable deduction if
needed.

10. TRADITIONAL IRA ROLLOVER
GREAT GIVING ALTERNATIVE
Advantages:
• Direct IRA rollover to LMWW is a tax free gift.
• Serves to satisfy RMD (required minimum distribution).
if it applies.
• This method avoids putting you in a higher income tax
level and/or perhaps disqualification from other sources
of income.
Law is “Permanent” | Could be your best way to give LMWW a gift!
Requirements
• Donor has to be 70½.
• Can give up to $100,000.
• Details may be attained
from your professional
advisor.
Contact your IRA agent to set up this gift.

11. TRIBUTE BEQUESTS IN YOUR WILL
HONOR AN IMPORTANT PERSON IN YOUR LIFE
Suggested wording for your attorney is available from LMWW upon request.
.
• Percent of residuary (remainder of assets)
• Fixed amount
• Specific asset
• Contingent
You will need to speak with your
attorney for this provision.

12. TRIBUTE BEQUESTS-BENEFICIARY GIFTS
You can consider these tribute bequest opportunities:
.
A Tribute Bequest may honor a family member or important person in your life.
You retain full control of assets during your lifetime.
• Wills/Living Trusts
• Bank accounts
• Life insurance
• Retirement funds (all or part of any retirement
savings account; IRA, 401K, 403B)
Donor retains control
• Could honor a family member/important
person
• Revocable-Can be changed at any time
during your lifetime.
• Beneficiary can be changed at any time the
donor has full mental capacity
Your attorney, banker, life insurance agent, financial agent, or retirement agent will help you
with wording, as appropriate, with your account.
Benefits to the donorTribute Bequest/Beneficiary gifts

13. TRIBUTE BEQUEST OF PART OR ALL OF YOUR
RETIREMENT FUND AFTER YOUR PASSING
• You may designate part or all of your retirement fund.
• You need to speak with your financial agent holding
your retirement fund for proper wording.
• This is simple with no legal or other fees.
• More of other non-taxable assets go to your heirs.
Suggested wording is available from us upon request.
Bypass family income tax liability for the amount you
designate to LMWW, Traditional IRA, 401K, or 403B.

14. Make a Tribute Bequest of your Retirement Fund
Directly to LMWW.
A Tax-Efficient Solution for your children
Retirement Fund
$50,000
Other assets
$450,000
A retirement fund tribute bequest to LMWW:
 No income tax liability for children/persons on
these tribute bequests to LMWW.
 Children receive more of other assets that are
non-taxable.
 Children pay no taxes on your charitable
retirement fund distribution.
 Speak with your retirement agent.
Life Matters WW
$50,000
Children
$450,000
If You Have Charitable Interests, This Is The Best Way To Give Part or the
Full Amount Of Your Retirement Fund To LMWW As A Beneficiary,

15. Phone: 616-257-6800 or 800-968-6086
Address: 5075 Clay Ave, SW C
Grand Rapids, Michigan 49548
Our 501C3 Tax Exempt Number is 38-2518504
.
Please contact us if you have questions
The information provided on this website does not, and is not intended to, constitute legal advice. Instead, all information,
content, and materials available on this site are for general informational purposes only. Information on this website may not
constitute the most up-to-date legal or other information.