What is planned giving?
Donors make planned gifts in a manner that fits their own financial situation and their desire to support the charities of their choice in a way that is very meaningful to the donor. You can make a planned gift during your lifetime or as part of your plans for your estate after your lifetime, helping to guarantee the Center can continue its mission.
Does this sound like the right thing for you? Look over some of the options below and contact us if you are interested. We will be happy to work with you and your financial and tax advisers to help you create the plan that is right for you and your situation.
Some examples of ways to make planned gifts:
- Bequest in a will
Leave a bequest in your will.
You maintain control of your asset for your lifetime.
- Revocable Living Trust
Name the charity as the ultimate beneficiary of assets in a living trust.
You maintain control of your asset for your lifetime because the trust is revocable.
- Outright gift of appreciated securities
Donate stock or other securities.
You receive an immediate charitable deduction at full market value and avoid the capital gains tax that you would incur if you first sold the securities and then donated the proceeds. Giving the securities directly means that the proceeds from the sale of the securities by the charity go to the charity instead of some going to the government as a tax.
- Gift of life insurance
Contribute a life insurance policy you no longer need.
You get an income tax deduction and the possibility of future deductions through gifts to pay the policy's premiums.
- Gift of retirement assets
Name us the beneficiary your retirement assets after your lifetime. In some cases, you can give IRA monies directly to the charity while you are alive without being taxed like a normal withdrawal.
- Charitable trusts
There are many different forms of charitable trusts.
Depending on the type, they can reduce your income taxes, give you income during your lifetime, and reduce your taxable estate.
Dale Daniels at the Center. We will be glad to work with you and your financial and/or tax advisor to help you decide on a planned gift best suited to your goals.
This is not intended, and should not be construed, as financial or tax advice. You should obtain any advice from your accountant, tax advisor, financial advisor or attorney.
Dale Daniels, Director
Center for Holocaust, Human Rights & Genocide Education
Brookdale Community College
765 Newman Springs Road
Lincroft, New Jersey 07738-1543
Phone: (732) 224-2769