(Extra)Ordinary People Make a Lasting Impact at CEDARS
Chris and Michelle Wagner are extraordinary people who lead ordinary lives. Their gift will have a lasting impact on the children we serve.
Being extraordinary is not just reserved for the rich, the powerful, the famous or the privileged. Extraordinary people like Chris and Michelle Wagner live perfectly ordinary lives.
A Focus on Things That Matter
Chris and Michelle have built their lives on a strong foundation of faith. Both focus their time on the people and causes that matter most to them. Their children and grandchildren fill their hearts and their free time. Chris has volunteered his time as a board member at CEDARS for over 20 years. Michelle shares her time with Catholic Social Services, the Newman Center and St. Peters Catholic Church.
Gratitude and Giving
Chris says, "Every time I visit CEDARS I am struck by the challenges that children face every day and it breaks my heart. Michelle and I want to be part of the solution."
Years ago, when Chris and Michelle were busy raising their own family and working hard to make ends meet, they were asked to consider joining CEDARS Circle of Life Legacy Society. "At that time we didn't have a lot of 'extra' but we felt strongly that we wanted to be a part of the CEDARS commitment to helping children for many generations to come. So, we made CEDARS the beneficiary of a life insurance policy."
Knowing that this gift will someday continue their support of the children at CEDARS gives both Chris and Michelle great satisfaction.
People like Chris and Michelle live genuinely. They inspire all of us to live the same way by building our lives on faith and kindness, the spirit of generosity and service to others.
Anybody can make a difference in the lives of children in need. To learn easy ways you can give that support our future, like Chris and Michelle have, contact Kristine Morton at 402-434-5438 or email@example.com.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to CEDARS Home for Children Foundation 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 CEDARS Home for Children Foundation, a nonprofit corporation currently located at 6601 Pioneers Blvd., Ste. 2
Lincoln, NE 68506 , 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 CEDARS Home for Children Foundation 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 CEDARS Home for Children Foundation 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 CEDARS Home for Children Foundation 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 CEDARS Home for Children Foundation where you agree to make a gift to CEDARS Home for Children Foundation 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.