What will your legacy be? Planned giving provides the opportunity to make a meaningful impact in the community and on the issues you care most about. With any planned giving or estate planning decision making, we recommend that you consult with an attorney.
Here are some planned giving options you might wish to consider:
Bequest by Will
A bequest is any personal or real property from your estate that you give or leave to a charitable organization. Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this type of gift, a special fund is established that benefits Senior Community Services forever and becomes your personal legacy of giving.
Charitable Gift Annuity
A charitable gift annuity is a simple way to contribute cash or other assets to Senior Community Services and receive a predictable, fixed income for life. Gift annuities typically offer a more generous payment rate than current interest rates and allow you to take an immediate income tax deduction for your gift. The larger your gift and the older you are, the more income you will receive.
Revocable Living Trust
A revocable trust is an agreement that allows you to split up your assets to your designated beneficiaries after your passing. Revocable trusts can be changed at any time by the people who created them. You can arrange to have current gifts to Senior Community Services made through the trust or you can choose to make a bequest to Senior Community Services through your trust.
Charitable Remainder Trust
Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community. A Charitable Remainder Trust is a special tax-exempt irrevocable trust arrangement.
Remember, you can always choose to make an outright gift – the simplest way to make a big difference! You may give a gift of cash, stocks, bonds, real estate or other assets to Senior Community Services.
Most charitable gifts qualify for maximum tax advantages under federal law. Consult your financial advisor for details.
Questions? Call us at 952-767-7897 or send us an email.