Make A Donation
If you are able, please consider a monthly gift to WEPN. Your monthly gift will provide consistent and reliable funding to allow us to dedicate more resources to championing for workplace equality. You can change your donation amount or cancel at any time.
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WEPN envisions a day when gender truly does not matter and everyone has access to opportunity, fair treatment and just compensation in the workplace.
We’re making workplace equality a reality by championing workplace equality and legal justice for women by providing a safe space for women experiencing workplace bias to tell their stories, connect with others, get empowered and eliminate the stigma associated with speaking out. But your donations are essential in order to do that.
Please make a contribution to the Women Equal Pay Network today. Your gift helps us fight for workplace equality and legal justice for women by providing a safe space for women experiencing workplace bias to tell their stories, connect with others, get empowered and eliminate the stigma associated with speaking out.
Other Ways To Support
Thank you for considering a planned gift to WEPN.
Planned giving is a tool that allows you to extend your commitment to workplace equality beyond your lifetime and makes it possible for future generations to keep up the fight for as long as it takes. Planned giving gives you the power to ensure that our hopes and dreams for a fair future do not wither away but flourish and grow.
Outlined below are just some of the many ways you can make a planned gift. As with any important financial decision, we recommend that you consult an attorney and/or financial advisor as you consider your options.
What is a planned gift?
A planned gift is a way of providing for yourself or your loved ones while achieving both your investment and philanthropic goals. With so many uncertainties in the world, it’s nice to know there are a few things you can still plan for. By preparing today, you can safeguard the security of your family and the causes you care so deeply about, and also realize significant tax benefits for yourself and your family.
Making a planned gift to WEPN gives you the ability to leave a proud legacy that can inspire tomorrow’s activists and make sure that WEPN remains a dynamic and vital institution until a day when gender truly does not matter and everyone has access to opportunity, fair treatment and just compensation in the workplace..
What are the benefits of making a planned gift?
You do not need to be wealthy to make a planned gift to WEPN and still ensure that you have adequate income for yourself and your heirs. Many donors do not realize that planned giving can positively impact both their retirement and estate plans.
For example, many people have spent years investing in retirement accounts. If you intend to leave your family the proceeds of your retirement plan, such as an IRA or 401(k), it is possible that they may actually get less than half of the total amount after income and estate taxes are paid. This is because most retirement plan assets are taxed as ordinary income when paid to beneficiaries. By structuring a planned gift funded by your IRA, 401(k) or other retirement plan, you could secure income for yourself for the rest of your lifetime and make a substantial gift to your heirs and your favorite charities.
Do I need a lawyer?
The best way to ensure that all your intentions regarding your assets and estate are carried out is to formalize your plans with a qualified estate planning attorney or professional financial advisor. Most attorneys will discuss your needs with you for 15 to 30 minutes at no charge and give you an estimate of the cost of tailoring legal documents to fit your needs and intentions.
What are my planned giving options?
A will is an excellent way to meet your needs and those of your family while also meeting your philanthropic goals. After your family is provided for, you may wish to include a provision in your will leaving a specific amount or a percentage of your estate toWEPN. A will can be amended at any time prior to your death to accommodate changes in your family or your wishes.
You can use your will to support WEPN in the following ways:
You may leave a specific amount of money or designated property to WEPN.
You may leave a specified percentage of your estate to WEPN.
You may make a residual gift to WEPN — i.e. once all of your specific bequests are fulfilled, the remainder (residuary) of your estate would go to WEPN.
You may make a contingent gift to WEPN — in the event that one or more of your heirs or named beneficiaries does not survive you, only then would WEPN become a beneficiary of that portion of your estate.
An example of the language you might use in your will is as follows:
I give, devise and bequeath the sum of $_______ (or _____% of my estate; or ______% of my residuary estate; or the following described property) to the Women’s Equal Pay Network 15 Southeast Ninth Avenue, Fort Lauderdale, FL 33301.
You may choose to WEPN a beneficiary of your current life insurance policy, or any policy provided through your employer. You may also wish to purchase a policy specifically for the benefit of WEPN.
If you have a life insurance policy that is either completely paid for or has outlived its original purpose, you may wish to donate it to WEPN.
Because most IRAs and retirement plans are not taxed upon deposit and grow tax free, they are subject to income tax after you retire and begin to draw income from them. Similarly, your surviving heirs will have to pay ordinary income tax on the full amount of your retirement distribution after your death, and then pay estate tax on the remainder, leaving only a fraction of these assets for their use.
Instead, you could leave your retirement account assets to WEPN. You can still provide for your loved ones by leaving them cash and other assets you own that will not be subject to the high taxes imposed on retirement accounts. Alternatively, you can provide for your loved ones by leaving your retirement assets to a charitable trust that will pay income to them for life and make a gift to WEPN.
A trust is a way in which you can make a donation to WEPN while also providing income for yourself or your family. On the most basic level, trusts are set up for specific time periods during which your assets are held “in trust” by a trustee for the beneficiary of the trust. Trust money or assets are invested and managed by the trustee. You can also make yourself the trustee of your trust so that all of the assets remain under your direction and control. The interest from the investment can be used as income for you or your loved ones, or can be used to make a donation to WEPN. At the end of the trust period, the remaining assets belong to the beneficiary of the trust, which could be you or WEPN, or any person or organization you choose.
There are several tax advantages of trusts. The first is that trust assets which appreciate in value during the life of the trust are not subject to the capital gains tax. Second, trust assets go directly to the beneficiary, bypassing estate and inheritance taxes.
A Charitable Remainder Trust is one in which you designate WEPN as the beneficiary of your trust. You and your family can receive the income from the investment of your assets for life or the length of the trust period, up to 20 years. At the end of the trust, the remaining assets would belong toWEPN.
A Charitable Lead Trust is one in which you or your family is the beneficiary of the trust. During the life of the trust, any income generated from the investment of the trust assets would go to WEPN as a donation. At the end of the trust period, the remaining assets would belong to you or your family, or whoever is the named beneficiary.
Both kinds of trusts provide substantial tax advantages.
Totten Trusts, or POD/TOD Accounts
A Totten Trust, also known as a Payable on Death (POD) or Transfer on Death (TOD) account, is a regular bank account that names a specific person as the beneficiary of all funds once the bank account holder dies. Usually, all that is needed to set up such an account is to notify the bank as well as the beneficiary. Some states require beneficiaries of these types of accounts to be individuals, but in other states you may name a charity such as the WEPN as a beneficiary.
WEPN accepts gifts of real estate which meet standard environmental and financial conditions.