Leave Your Legacy with a Charitable Fund at Generation Good Respect
You’ve thoughtfully determined that you want to enrich our organization with a fund at Generation Good Respect. Now, you can find the best way to achieve your goal by considering how and when to make your gift. Here are a few options. We encourage you to talk with us to share your ideas and learn more.
Gifts Made Through Your Will or Trust
A simple provision in your will or trust can provide for our organization after your lifetime. Flexible and revocable, a bequest allows you to make a gift that costs you nothing during your lifetime. You can give a specific amount or a percentage of your estate. Consider a bequest to endow your lifetime giving, so that after you pass away our organization will receive annual gifts in your name from a fund at Generation Good Respect.
Gifts of Retirement Plan Assets
An Individual Retirement Account (IRA) or other qualified retirement plan offers a strategic giving option. At your direction, the balance in the account can be distributed directly to a Generation Good Respect charitable fund after your lifetime. It goes to work, providing annual support for our organization in your name.
Gifts of Life Insurance
For many people, life insurance affords a practical means of making a significant gift. You may name our organization’s endowment fund at Generation Good Respect as a beneficiary of a new or paid-up life insurance policy. If you make Generation Good Respect the owner of the policy as well as the beneficiary, you may receive current income tax benefits.
Gifts That Pay You Income For Life
A charitable gift annuity or a charitable remainder trust can provide you with a lifetime income and establish a charitable fund in the future with the remaining assets. This gift provides a current income tax charitable deduction as well as potential estate tax savings. Best of all, you ensure long-term support for our organization.
Gifts Through A Charitable Lead Trust
Some donors donate the income from an asset to our fund at Generation Good Respect for a period of years, without contributing to the income-producing asset itself. This is done with a charitable lead trust, which allows Generation Good Respect to receive the income of the asset and can provide you with substantial tax benefits.
Gifts of Real Estate
Real estate offers many tax-wise giving opportunities. You may be in a position to transfer your personal residence, vacation home, or farm to a fund for our organization at Generation Good Respect and reserve the right to use the property for your lifetime. With this plan, you receive a current income tax charitable deduction for the remainder value of the property, which depends on your age and the property’s appraised value.
Additional Options for Giving
Current and deferred gifts may be tailored to suit your needs using various assets including:
- Gifts of cash;
- Gifts of publicly traded securities;
- Gifts of closely-held stock;
- Gifts of tangible property
Please note: This information should not be considered as legal, tax, or financial advice. Consult your professional advisor(s) for further information and guidance.