Support Us

WAYS TO SUPPORT THE WACC

As a public 501c3 charity…
  • WACC accepts gifts from individuals, families and businesses for specific purposes or general endowment.
  • WACC accepts and administers funds from other charitable groups to help them achieve their goals
  • Gifts to WACC are usually tax-deductible!

 

Examples of gifts...

  • Cash
  • Appreciated securities, property & real estate.
  • Bequests
  • Life insurance
  • Trusts
  • All Tax Deductible

We've made it easy for you to make an online donation to the WACC in one of two ways:

DONATE THROUGH PAYPAL DONATE THROUGH GIVEMN

DONATING BY MEANS OF BEQUESTS

Here are several of the more common approaches for making bequests:

Designate the WACC as a beneficiary. Designating the WACC as a beneficiary of a life insurance policy, qualified retirement plan, taxsheltered annuity, or nonqualified annuity is simple and can benefit heirs by reducing or eliminating estate taxes.

Leave a bequest to the WACC in a will. This is an extremely simple way to transfer assets at death to charitable purposes. For donors who wish to manage assets while they are living, they may be bequeathed within the framework of a revocable living trust which can be changed at anytime up to death or incapacitation.

Create a charitable gift annuity. This enables the WACC to obtain a donor’s money up front in exchange for a promise by the WACC to pay the donor an income stream for a specified period, including for life. When the donor passes away, all remaining moneys goes to the WACC for purposes specified by the donor.

Create a charitable trust. This enables a donor to place appreciated assets into a trust, receive a guaranteed stream of income for not more than twenty years, and have what’s left in the trust revert to the WACC or the donor’s heirs. A charitable trust may be attractive to people with significant appreciated assets and a desire to utilize numerous tax advantages available to charitable trusts. It is important that such arrangements are thoroughly discussed within families and, since most of these methods involve significant tax ramifications (income, capital gains and inheritance), with financial advisors as well. Finally, it is equally important that the WACC have discussions with the donor before he/she establishes a bequest in order to ensure that the donor’s specific charitable wishes are understood and followed. Please contact a WACC board member for more information about bequests and their many advantages.


SOLAR PANELS AT WACC:

How often does a worthwhile project that’s searching for funding cross paths with a business that wants to donate funds to a worthwhile project?

Not often — but that’s what happened with the Walker Area Community Center (WACC) and its new 90-panel solar array.

The WACC has been working with the Rural Renewable Energy Alliance (RREAL) of Pine River to design a solar panel installation to offset some of the WACC’s electrical costs. WACC and RREAL had done all the legwork and the project was ready to go — except for funding.

At roughly the same time, Minnesota Power and Light (MPL) was trying to decide how to use money that was earmarked for qualified projects in communities intheir service area. But the window of opportunity to spend those dollars was short.

“We had four or five months to nail down projects,” recalls Josh Goutermont of MPL. “So we worked with the Region 5 Economic Development Corporation (R5DC) to see if any local units of government or nonprofits had approached them looking for funding.”

Among the eligible projects suggested by R5DC was the one at the WACC.

“It fit all our requirements,” Goutermont said. “The WACC serves the community, and they had this great solar project put together that was all ready — except for the money.”

On Aug. 12 the solar array, with about 90 solar panels, was being installed by a RREAL crew in a cleared area north of the WACC that faces south.

MPL’s final contribution will be slightly under $150,000. No matching funds are required from the WACC. MPL estimates the solar array will generate about 39,000 kilowatts annually. At optimum production, it should offset about 40-45 percent of the WACC’s energy usage per month.

“There are some variables, like if the panels are dirty or how much sun they get; but it’s a pretty good estimate,” he added.

Barring weather delays, the solar array should be commissioned and operating by mid-August.

“MPL is very happy to be making an investment in all the communities we serve,” Goutermont stated. “This will be a model that people and businesses can come and look at.”

by Gail DeBoer, Pilot Independent Staff Writer

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