Is it safe to donate to The Walker Johnson & Nasia (WJ&N) Legacy Foundation?
Yes, it is and thank you for supporting The Walker Johnson & Nasia (WJ&N) Legacy Foundation. The WJ&N Legacy foundation is a project of United Charitable, a registered 501c(3) nonprofit organization EIN #20-4286082. In accordance with IRS regulations, your transaction is tax-deductible to the fullest extent permitted by law. United Charitable has exclusive legal control over the assets contributed.
Where can I read the Privacy Policy?
United Charitables privacy policy is available here.
Where can I read the State Fundraising and Solicitation Guidelines?
Guidelines are available here.
Where can I read Non-Discrimination Policy?
Click here to read the policy.
What is the mission statement of The Walker Johnson & Nasia (WJ&N) Legacy Foundation?
It is to improve the quality of life for individuals and communities globally in the areas of health, education, arts and culture. Charitable donations received from donors are awarded as grants and scholarships to non-profits, charities and individuals to assist in their charitable service to others and improvement of life.
We support non-profit organizations according to how much good our combined donations can do. We examine the non-profit organizations’ overall quality and cost-effectiveness. We also try to determine what more funding would enable them to do. We often blog about why we choose the non-profit organizations for grants and individuals for scholarships.
Contributions to The Walker Johnson & Nasia Legacy Foundation are used for recommended grants and scholarships to individuals and organizations and are tax deductible for donors in a number of countries.
Why does The WJ&N Legacy Foundation collect/accept donations on behalf of its recommended charities, non-profit organizations or scholarships?
(1) It allows us to track our own impact on donations,
(2) it gives us a chance to ask you if you’d like to participate in other causes, and
(3) when we award the funds to the individuals and organizations, we can designate them as we believe is best for grants and scholarships.
How do the mechanics of a donation, grant/scholarship recommendation and tax receipt work?
1. You donate to The WJ&N Legacy Foundation, a DAF fund, through United Charitable. Your donation is tax deductible for the year in which you make it and you will receive a receipt from United Charitable for your tax purposes.
2. Legal control of the funds belongs to United Charitable. Authority to recommend grants and scholarships to individuals and organizations belongs to The WJ&N Legacy Foundation. The WJ&N Legacy Foundation will recommend a grant or scholarship based on your preference.
3. The minimum size for a donation is $5.00. The WJ&N Legacy Foundation can also receive stock (including donations worth less than $5,000). Interested donors should email: donate @ wjnlegacyfoundation .org or call United Charitable (571-620-3000) for details.
4. To make a contribution, you must complete the forms and paperwork detailed below.
How do I make a contribution to The WJ&N Legacy Foundation?
Donations to The WJ&N Legacy Foundation must be at least $5.00 in size. Fill out the The Walker Johnson & Nasia (WJ&N) Legacy Foundation Donation Page on the homepage.
Can I send a donation check and not donate online?
Yes, you can. If you are planning to send a check, make it out to the The WJ&N Legacy Foundation/United Charitable and put the name of your “donation cause you are donating to” in the memo line of check. Again, all donations are tax-deductible and you will receive confirmation of donation.
The donation should be sent to The WJ&N Legacy Foundation @:
The WJ&N Legacy Foundation
6709 La Tijera Blvd., #283
Los Angeles, CA 90045
What if I have other questions?
Please contact us.
DONATIONS WE CAN ACCEPT
What kind of assets can I contribute/donate to The WJ&N Legacy Foundation?
The WJ&N Legacy Foundation accepts a wide range of assets. These include:
- Cash
- Publicly traded securities including stocks, bonds, mutual foundation shares – A gift of appreciated securities, including stocks or bonds, is an easy way for you to make a gift to WJ&N Legacy Foundation. Such gifts often provide important tax advantages. Their full fair market value is deductible as a charitable contribution up to 30 percent of your adjusted gross income. As with gifts of cash, deduction amounts exceeding this limit may be carried forward for up to five additional years. The added benefit of giving appreciated securities is the avoidance of the capital gains tax on the appreciated portion of the gift.
- Restricted and controlled stock
- Privately-held stock – Gifts of closely held stock enjoy the same tax benefits as with publicly traded stock.
- Real estate – A donation of your real property (such as your vacation property, vacant land, farmland, ranch or commercial property) is a great way to fund The Walker Johnson & Nasia (WJ&N) Legacy Foundation. If you own appreciated real property, you can avoid paying capital gains tax by making a gift here.
- LLCs and Family Limited Partnerships
- Proceeds from life insurance or from a full-paid policy – A gift of your life insurance policy is an excellent way to make a tax-deductible donation. If your life insurance policy is no longer needed or will no longer benefit your survivors, consider making a gift and help build WJ&N Legacy Foundation. If you name WJ&N Legacy Foundation as the owner and beneficiary of an existing or new life insurance policy, you receive an immediate tax deduction, which usually approximates the cash surrender value of the policy. All premium payments made by you thereafter will be deductible as a charitable contribution to WJ&N Legacy Foundation. You can then work with us to determine how the proceeds of your insurance policy can be used for your charitable granting.
- Private foundation grants or terminations
- Bequests – You designate United Charitable for the benefit of WJ&N Legacy Foundation as the beneficiary of your asset by will, trust or other instrument.
- Named beneficiary of charitable remainder trust – Give a portion of your property to fund a charitable remainder trust, and name WJ&N Legacy Foundation at United Charitable as the beneficiary.
- Named beneficiary of an IRA, 401(k), or other retirement account
- Tangible personal property – You may want to leave your home or farm to benefit WJ&N Legacy Foundation at United Charitable at your death, but would like to receive a current charitable tax deduction. A life estate reserved might offer the solution you need!
Here are some forms that may be needed: Non-Cash Gift Donation or the Successor and/or Beneficiary Information Form
We
STRONGLY encourage you to consult with your tax advisor or attorney before making a charitable contribution. If you have a question about donating an asset not listed here, please
contact us and we’ll be happy to connect you with someone to discuss further. Please do not leave confidential information on contact form.
Will I get a receipt for my contributions?
Yes. You will get a written confirmation of your contribution(s). This confirmation serves as a receipt for your taxes. You can immediately deduct the full amount of your contribution.
Does my tax deduction depend on the type of asset I contribute?
Yes. Here are some general guidelines:
- Check/wire: Your charitable deduction is the amount of your cash contribution.
- Publicly-traded securities: If you have owned your donated securities for more than one year, your charitable deduction is the fair market value of those securities, determined by an average of high and low on the date you contribute them.
- Securities that are not publicly traded: If you have owned your donated securities for more than one year, your charitable deduction is the fair market value of those securities, determined by you in a reasonable manner on the date you contribute them. The IRS may require you to obtain a qualified independent appraisal.
- Real Estate: For contributions of real estate, your charitable deduction is the fair market value of that real estate, determined by a reasonable manner on the date you contribute it. The IRS may require you to obtain a qualified independent appraisal.
GRANTS TO ORGANIZATIONS
What type of Grants does WJ&N Legacy Foundation award?
We award grants that fall in line with our mission areas: Health, Education, Arts, and Culture. They are listed as a Nasia Legacy Grant or Nasia Legacy International Grant.
How do you choose a U.S.- based charity or nonprofit organization for a grant?
WJ&N Legacy Foundation can make grants to charitable organizations that are tax-exempt under Internal Revenue Code (IRC) Section 501(c)(3) and public charities under IRS Section 509(a). WJ&N Legacy Foundation can also make grants to private operating foundations.
Are there any other specific types of grants that WJ&N Legacy Foundation cannot make?
The WJ&N Legacy Foundation cannot make grants to private non-operating foundations. Also, WJ&N Legacy Foundation cannot make grants to individuals or to satisfy a pre-existing pledge. Grants cannot be made to political candidates or parties. Grants cannot be used for any personal benefit, such as tuition, dues, membership fees, or any goods purchased at a charitable auction.
Can individual organizations apply for grants?
WJ&NLF does not accept unsolicited applications for Grants to Organizations – Domestic or International. The program is by nomination only. However, we do have an online questionnaire you can fill out to give us more information about you. Organization Grant Questionnaire
Can I nominate an individual for a grant?
Unsolicited nominations are not accepted. WJ&NLF invites knowledgeable people across the different disciplines to serve as nominators. The nominators change each year. However, you are more than welcome to fill out the Organization Grant Questionnaire so we can find out about other organizations that are doing exceptional things in the areas of Health, Arts, Culture and/or Education.
Do you award grants to International Organizations?
Yes, we award to International Organizations that directly impact and improve the quality of life in health, arts, culture and education, however, our focus is only in Ghana, West Africa, where Nasia served and lived. These grants require additional due diligence to determine if the foreign charity is eligible. International grants also require additional monitoring. As well, WJ&NLF does not accept unsolicited International applications for Grants to Organizations. The program is by nomination only. However, we do have an online questionnaire you can fill out to give us more information about you and a International Grant Policy that must be adhered to for grant monies.
1. Organization Grant Questionnaire
2. International Grant Policy
SCHOLARSHIPS
What type of Scholarships does The Walker Johnson & Nasia (WJ&N) Legacy Foundation award?
After proper review and approval, WJ&NLF may award a scholarship, fellowship, and/or other awards based on IRS guidelines. Awards must fall in line with our core mission statement… Health, Education, Arts, and Culture.
Are there rules for a Scholarship?
Yes, the scholarship must meet certain criteria. Nasia Legacy Scholarship
I am interested in a Scholarship. What’s the first step?
WJ&NLF scholarships are advertised in the public. Thr Nasia Legacy Scholarship will be advertised on our website and in the media – print or online. Make sure to review the rules of the scholarship as listed above and fill out the Individual Scholarship Questionnaire.
DONORS
Can I make an anonymous donation to WJ&N Legacy Foundation or Cause?
Yes. You may donate in someone’s honor or memory.
If you do not have internet access, please call or email the Foundation for a hard-copy of any of the forms above.
I have a question that was not addressed here. Who can I contact?
Contact Page
