There are so many creative ways that you may make a future gift using your accumulated resources or assets, rather than income. A bequest in your Will, life insurance policies (as noted below), property or publicly listed securities are just some of the most common methods. Please contact us today (firstname.lastname@example.org) to find out how your Legacy Gift can benefit people in need now and for years to come.
You can also consider getting independent, knowledgeable advice from legal and financial advisors when planning a substantial gift. They may suggest options for saving taxes now by transferring ownership of property, publicly listed securities or a life insurance policy to a charity. Or, they may have recommendations for the best way for you to make a difference through leaving a bequest in your will.
Did you know that your donation has the potential to be even more substantial when given through a life insurance policy?
- As the purchaser of the policy you may choose to retain ownership of the policy and name your chosen charity as the beneficiary; or you can designate your charity of choice as both the policy owner and recipient.
- Regardless of the policy ownership, benefits can include an increased tax credit for you while also increasing your charitable donation amount.
- You will have the ability to set up a payment plan that best suits your means without it impacting your quality of life.
If you would like more information about this type of planned giving, please get in touch. One of our Board members can be available to explain the details and answer your questions so you can make an informed decision.