Future Gift Honors a Record of Success

Dianne Wheatley-Giliotti

Dianne Wheatley-Giliotti

Never one to sit idly by, Dianne Wheatley-Giliotti has made an impact on the League of Women Voters as a local president, state president and national board member. In the 1970s, she asked, "How can we meet the needs of members?"

While this marketing approach is standard today, it was unusual in that era. Dianne was always thinking of ways to improve the organization and its processes.

When local companies refused to hold voter registration drives on their premises, Dianne hosted drives at malls and football games instead. There were also big moments of success, such as when the League won a lawsuit against Florida's Secretary of State over third-party registration.

Dianne downplays her impressive track record.

"I was raised to believe that if you can give back your time, money or skills, you do," she says.

This is coming from someone who was homeless as a teenager and who attended college on scholarships.

"I received help along the way," she says. "So I want to continue to help others."

One way she has done this is by including a bequest—a gift in her estate plan—to the League. Dianne is hopeful she can inspire others to do the same.

"People think a bequest has to be six or seven figures, but that's not the case at all," she says. "You don't have to give a lot to make a difference."

Like Dianne, you can use your estate plan to make a meaningful gift to the League. Learn more by contacting Emily Yost at 202-263-1352 or EYost@lwv.org.

A charitable bequest is one or two sentences in your will or living trust that leave to League of Women Voters 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 League of Women Voters, a nonprofit corporation currently located at 1730 M Street, NW, Suite 1000, Washington DC 20036, 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 LWV 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 LWV 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 LWV 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 LWV where you agree to make a gift to LWV 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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