Leave A Legacy
Planned gifts ensure that our important mission continues to provide lasting support to our clients in your community. Your gift will be IRS tax-free for Gifts of Love and in some situations, you may not be subject to federal taxes on your generosity. State law may further impact your individual results.
When you inform us of your intended planned gift, you become a member of our Legacy Gift Society where we can appropriately thank you and recognize you. Please contact our Development Director for additional information on planned gifts and our Legacy Gift Society.
The types of gifts listed below are representative of ways you might help Gifts of Love and meet your philanthropic goals. You should seek professional advice from an attorney, financial planner or tax advisor to determine the gift plan that best fits your personal objectives. Information contained herein was accurate at the time of posting.
Existing Life Insurance Policy
A life insurance policy is a straightforward way to leave a legacy to Gifts of Love. Maybe you have carried a policy that was once needed for your loved ones, but now your circumstances have changed.
Contact the company that holds your policy to make a beneficiary change.
Special Online Life Insurance Program to Benefit Gifts of Love
A new life insurance policy can also be a special, cost-effective way for you to leave a legacy to Gifts of Love. Gifts of Love has partnered with Life Legacy to allow you to apply for a life insurance policy, 100% online, in minutes.
Annuity
Like life insurance, an annuity is also an effortless way to leave a legacy. You can identify Gifts of Love as a beneficiary for part or all of your annuity.
Contact the company that holds your policy to make the beneficiary change.
Retirement Plan
A retirement plan or IRA is typically the largest source of assets that generate taxable income when transferred, thereby making it a tax-smart way to leave a legacy to Gifts of Love. By naming Gifts of Love as a primary or contingent beneficiary of your retirement plan, Gifts of Love will not incur any income taxes when the plan assets are distributed whereas your heirs will most likely incur taxes as income when they withdraw the funds from the inherited plan.
Contact your plan administrator to provide you with the beneficiary form needed to include the percentage of your account that you wish to go to Gifts of Love.
Donor Advised Fund (DAF)
A donor-advised fund is a type of charitable savings account. When you fund the account, you receive an immediate tax deduction, and then recommend grants to an eligible charity, over time. The funds are invested for tax-free growth.
You may have been making grants to Gifts of Love all along from your Donor Advised Fund, but you can also name Gifts of Love as a beneficiary on the fund for after your lifetime. Alternatively, you can create a family legacy of giving by naming your loved ones as your successor to continue providing grants to Gifts of Love from the fund.
Contact your fund administrator for a beneficiary form.
Bequest in a Will / Living Trust
You may choose to remember Gits of Love in your will or living trust, so after your lifetime, your donation will continue to support our mission.
Contact your attorney to revise the “bequest language” to include the percentage of your estate that you wish to go to Gifts of Love.
Brokerage and Investment Accounts
You can establish a transfer on death (TOD) registration on your non-retirement accounts, such as a brokerage or investment account, outside of your will.
Contact the firm that holds your account to name the percentage of your assets that you wish to go to Gifts of Love.
