Generally speaking, planned gifts represent gift options that can be designed to meet your personal philanthropic and financial goals. Some planned gifts, such as a gift in your will, require no current outlay of funds at all. And other planned gifts, including the charitable gift annuity, make it possible to support our work, enjoy a tax deduction if you itemize, and receive a lifetime income at the same time.
In this unpredictable and challenging economic climate, a planned gift can be a rewarding way to make a difference in others’ lives. Please contact us if we can provide more information or help you in any way.
P.S. We invite attorneys, CPAs, financial planners, and other professional advisors to click the “Professional Advisors” link to use our Planned Giving Answers Online program. It provides more detailed information about planned giving concepts and techniques.
Your support is more important than ever in 2020
2020 has challenged and changed all of us. We remain committed to steadfastly pursuing our mission to help others, and we are grateful for the generous support we have received throughout the year. We are also encouraged, because we are convinced that the challenges of 2020 will ultimately make us more compassionate and better equipped to serve our communities.
There are many ways to support our work at this important time, and we invite you to consider options for helping us make a difference.
- Donor-advised fund. A transfer from your fund to us makes an immediate impact at an important time, and it comes from funds you’ve already set aside for charitable giving.
- Stock. A gift of appreciated stock held at least one year avoids capital gains tax.
- Cash. The CARES Act created special rules for cash gifts in 2020. Ask us for more information.
- Retirement assets. IRA owners 70½ or over can make a charitable distribution from an IRA and avoid tax on the distribution. Ask us for details. You can also name us the beneficiary of a retirement account.
If you would like to know more about ways to make an impact today and tomorrow, please contact us. Thank you for thoughtfully considering options for supporting our mission at this important time.
An Important Reminder
Recent legislation may impact your planning. Passed at the end of 2019, the SECURE Act was enacted to strengthen retirement security. A few months later (March 2020), the CARES Act was passed to provide economic stimulus and relief for businesses. Contact us for helpful information.