Create a Lasting Legacy

Include WesleyLife in your will.

Include WesleyLife in Your Will

Adding WesleyLife to your will and estate plan makes your legacy one of compassion and action as you support WesleyLife's life-changing mission beyond your lifetime. To learn more about an estate gift to WesleyLife, please contact our team. We can work alongside you, your financial advisors, CPA and estate attorney to help solve your financial goals while maximizing your charitable impact.

Donating IRA and Other Retirement Assets

Secure Act 2.0 Retirement Provisions

Qualified Charitable Distributions (QCD)

Those who are age 70.5 or older can contribute up to $100,000 from their IRA directly to WesleyLife and avoid paying income tax on the distribution. Known as a qualified charitable distribution, this is limited to IRAs, and there are other exclusions and considerations that apply. In tax years after 2023, the limit of $100,000 will be indexed for inflation.

A donor can also make a QCD of up to $50,000 to fund a Charitable Remainder Unitrust (CRUT), Charitable Remainder Annuity Trust (CRAT), or a Charitable Gift Annuity (CGA). Learn more about trusts and CTAs below.

Required Minimum Distributions (RMD)

The age for a required minimum distribution (RMD) is 73. In 2033, the age will increase to 75.

Types of Estate Gifts


Deferred Estate Gifts

A common way to give, a deferred estate gift is created in advance of a person's passing, then transferred when a will is executed. This option is the simplest type of estate gift to establish.

Including WesleyLife in Your Will

This option is a simple way to leave a lasting impact that may be greater than what one can give during a lifetime. This simple and powerful form of giving comprise most estate gifts. An estate attorney can work with you to specify whether you'd like to gift:

  • a specific amount of cash
  • a percentage of the estate's value
  • the remaining value of the estate after all other bequests are paid

Entrance Fee Give-Back

Residents at a WesleyLife Community for Healthy Living can choose to return their entrance fee, or a portion of it, as a donation to benefit their community. This type of giving is easy to set up and often speeds the process of closing an estate.

Retirement Plans and Life Insurance

Donors can also name WesleyLife as the beneficiary of their life insurance policy or unused retirement-plan assets.

  • Gifts are often larger than the amount a donor would be able to give during their lifetime. 
  • This is a sensible option for paid-up policies or retirement accounts that won't be used. It also can help other inheritors avoid income and estate taxes.

Income-Paying Estate Gifts

This type of donation involves a large up-front sum that creates an income stream that pays back to the donor. Structures for this type of gift include annuities and trusts.

Charitable Gift Annuity (CGA)

To create a charitable gift annuity, a donor contributes an irrevocable gift of cash or securities to WesleyLife in exchange for a fixed-income payment for a set term or for life. When the donor passes or the annuity terms expire, the leftover funds are retained by WesleyLife.

  • This type of gift protects your income and retirement funds.
  • Donors receive an immediate tax deduction on the gifted amount. 

Charitable Income Trusts

Creating a charitable income trust allows donors to make a major gift while ensuring their income increases from their assets.

The initial gift creates an irrevocable trust that generates a potential income stream for the donor or other beneficiaries. Donors are eligible for a partial tax deduction on contributions made to the trust. The trust has a term limit of 20 years. The remainder of the donated assets after the term expires benefit WesleyLife.

There are two types of trusts available to donors:

Charitable Remainder Annuity Trust (CRAT)
  • Distributes a fixed annuity amount
  • Additional contributions are not allowed
Charitable Remainder Unitrust (CRUT)
  • Distributes a fixed percentage based on the balance of the trust assets
  • Distribution amount is revalued annually
  • Additional contributions are allowed

Asset-Protecting Estate Gift

This type of gift is structured to protect the donor's assets during their lifetime and provide to their heirs. 

Charitable Lead Trust

This type of gift is the opposite of a charitable remainder trust. The initial gift creates an irrevocable trust that generates a fixed income stream for WesleyLife for a period of time, with the remaining assets benefiting the family members or other beneficiaries when the term ends. 

  • The term can be fixed to a number of years or the donor's lifetime.
  • The trust decreases the amount of estate tax for which beneficiaries are responsible.

Retained Life Estates

A donor can transfer a property deed or title to WesleyLife while retaining their right to use the property. Donors receive an income tax deduction for the property's value. Once the set term has expired, the retained life estates belong to WesleyLife.

  • Simplifies estate settlement process
  • Reduces estate taxes

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Get in Touch with Our Team

Email Sophia or Matthew to inquire about including WesleyLife in your will.

If you have included us in your estate plans and are not already a member of the Legacy Society, please let us know so we may add, thank, and recognize you. You may also be recognized anonymously, if you choose.

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WesleyLife Foundation’s EIN number is 88-2893273