Below are some questions that are frequently asked about the WLHS Foundation. If you have another question that you do not see below, please email your questions to Kristine Metger, Executive Director of the WLHS Foundation, at email@example.com.
Wisconsin Lutheran High School Foundation, Inc.
330 N Glenview Ave.
Milwaukee, WI 53213
Tax Identification #39-2028988
The Wisconsin Lutheran High School Foundation is an independent organization that mobilizes the resources, leadership, ideas, and financial support necessary for enabling the mission and vision of Wisconsin Lutheran High School.
Yes. As a 501(c)3 charitable organization, the WLHS Foundation is qualified to receive tax-deductible donations. A receipt will be issued promptly after your donation is processed. Please note that if you are setting up a repeating monthly or quarterly donation, your receipt will be sent in January of the following year.
Yes. Doing so may allow you a tax deduction of the entire current value of the stock while avoiding capital gains taxes. Consult your broker about stock sold as a charitable gift. The process for donating stock is simple, contact Kris Metzger for details.
Absolutely. You may make gifts at any time.
- American Express, MasterCard, VISA, or Discover
- Automatic Monthly contributions through credit cards or electronic check
- Securities – Shares of stocks, bonds and mutual funds
- In-kind gifts
- Charitable IRA rollover (as allowed by law)
- Wills, bequests, trusts
- Real estate
- Life insurance
There is no minimum amount for a gift – it is a personal decision. Every gift is meaningful to the Foundation regardless of size. It is the participation in building something great together that is so appreciated.
Although people can give at any time, most donations to the WLHS Foundation come by making a gift in their will or trust or by naming the Foundation as a transfer-on-death beneficiary upon the death of the donor.
The WLHS Foundation Board of Directors is guided by its established investment and distribution policies as well as the specific donor’s intent. The Foundation Board does not write a blank check to the high school. Instead, the Foundation Board makes a commitment to provide funds for tuition assistance and specific faculty positions and programs based on the recommendations of the Board and the intent of the donors as expressed in their estate gift instructions. The high school’s administration then reports to the WLHS Foundation’s Board how the funds were used.
There is no WLHS Foundation without donors. Every donor makes a difference, and each gift deserves to be acknowledged. However, you can give anonymously by noting it on your donation. We will honor your request.
- The Foundation sends a thank you letter/tax receipt to the donor.
- The donor's gift information is added to a database.
- The donation is deposited into the appropriate fund in the Foundation’s assets which are managed by the Foundation’s Investment Advisor under the supervision of the Foundation’s Board.
An endowed scholarship is a donor-restricted gift that is invested in a diversified investment portfolio. An annual distribution from the endowed scholarship is used to provide a source of ongoing financial support for an area of the WLHS ministry as identified by the donor. Through the WLHS Foundation, an individual, family, or congregation can establish an endowed scholarship, such as the Jones Family Memorial Scholarship Fund or the St. Peter’s Scholarship Fund. Endowed scholarships can be established with current gifts or testamentary gifts (i.e. wills, trusts, beneficiary designations on retirement accounts, insurance proceeds, etc.).
The WLHS Foundation’s endowed scholarship program has grown because of donors’ interest in encouraging and empowering future Christian leaders. Naming an endowed scholarship is an opportunity to perpetuate your own interest in WLHS or to recognize or memorialize a loved one, friend, classmate, or business. All students who receive a named scholarship are made aware that others share a commitment to their education and are given an opportunity to meet the donor when possible.
Although gifts of any size can be contributed toward general tuition assistance, an endowed scholarship that will give out an annual scholarship requires a minimum gift of $25,000, as the preferred minimum scholarship is $1,000. Each scholarship is then funded annually with the investment earnings from that principal. The principal remains intact to grow in perpetuity.
No. The WLHS Foundation does not financially compensate its Foundation Board members. The Board members not only donate their time and talent to the WLHS Foundation, but also a measure of their treasure. They serve out of a sense of commitment and dedication to the gospel ministry of WLHS.
Generally, charitable giving principles and the IRS, with its “personal benefit” clause intend that individuals should not benefit personally (at least intentionally) from a gift made to a charitable organization. The only intentional benefit should be the joy of helping others. It would not be ethical, nor possible, to designate a gift and then claim it as a tax deduction, when it is intended as a reward for a specific person. For this reason, donors are welcome to establish scholarships, but the determination and awarding of scholarship are controlled not by donors but by the WLHS administration following a specific set of guidelines that are related to each individual scholarship.
Kristine Metzger (WLHS '72)
Executive Director of WLHS Foundation
(414) 453-4567 ext. 2011
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 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.