|
Outright Gifts
Cash
Cash is one of the easiest ways to make a charitable contribution. A cash contribution can be a check, cashiers check or credit card donation.
Securities
Gifts of securities are accepted by Brethren Retirement Community. The securities may be given so that the donor receives a tax deduction equal to the fair market value of the donated assets while avoiding capital gains tax on the donated assets. Brethren Retirement Community will work with donors and their advisor to facilitate the donation of both marketable and closely held securities. Donors whose gifts are matched by a company will receive credit for the matching amount.
Real Property
A donor can give, a full or partial interest of a home and retain the right to enjoy the home for their lifetime. Gifting real estate may allow the donor to preserve their liquid assets while maximizing the charitable contribution. Donors are encouraged to discuss their gift of real property prior to gifting.
Annual Giving
Many people understand the value of faith-based philanthropy. When you give to the unrestricted general fund of Brethren Retirement Community, you help fulfill us fulfill our mission by allowing us to use your gift where it is needed most.
Planned Gifts
The Development Office can help donors plan for effective giving during their lifetime and for a charitable legacy for their family and retirement community.
A planned gift can be a simple bequest in your will or a complex trust arrangement. Planned giving techniques can:
- Provide current income and a significant charitable gift later
- Reduce income, capital gain and estate taxes
- Establish an endowment fund for future generations
Bequest
A bequest in your will is one of the simplest ways to make a charitable gift. Through a bequest, you can make a contribution to an existing fund or establish a named endowment fund. Either option ensures that your charitable wishes will be carried out in perpetuity. A legacy gift is the ultimate act of stewardship.
Giving through a Charitable Gift Annuity
This allows you to arrange a generous gift to Brethren Retirement Community, while providing yourself a new income source you can count on for the rest of your life.
How it works
- You make a gift to Brethren Retirement Community – you can give cash, appreciated stocks, real estate, or other assets.
- We set up a contract with you that combine immediate annuity payments with a deferred charitable gift.
- You receive a stream of income that is fixed, regardless of market conditions.
- You also receive an immediate tax deduction for the charitable portion of your gift.
- We handle all the administrative details – issuing annuity payments to you during your lifetime and afterward, issuing annual grant awards to charities in the name of the fund.
More Benefits
Income from your Charitable Gift Annuity may add up to more than the interest and dividends you earned from holding the assets. You can use this income to supplement your own lifestyle, or that of someone else: a sibling, a dependent parent, a friend, or a former employee. You or a loved one can start receiving annuity payments immediately, or defer them to increase your charitable income tax deduction. A portion of the income may be a tax-free return of principal, while some is taxed as ordinary income or capital gains. The amount of annuity paid and the tax deduction received depends on the age of the recipient and the current annuity rate (as established by the American Council of Gift Annuities).
A Charitable Gift Annuity reduces estate assets and may reduce estate taxes and it is easier to set up than a charitable trust.
Charitable Lead Trust
This type of trust provides income to your charitable fund for a fixed number of years. At the end of the term, the remaining assets in the trust are returned to you or your heirs. This is a gift that works best for families with relatively large estate.
Charitable Remainder Trust
This type of trust gives you the opportunity to receive income for life from your gift, with the assurance that the trust will be used by Brethren Retirement Community to fulfill your charitable intentions. The donor receives a charitable deduction in the year the trust is created. The amount of the deduction depends on the age of the income beneficiary or beneficiaries, the value of the property placed in the trust, and the size of the payout selected by the donor.
Retirement Accounts
Brethren Retirement Community may be designated as the beneficiary under a donor's qualified retirement plan benefits, including IRAs, 401(k)s, and a Keogh (HR-10) plan. Retirement benefits may be the most tax-efficient way to make a gift to Brethren Retirement Community.
Life Insurance
Life insurance is an easy way to make a significant contribution. You may give a policy that is no longer needed, take out a new policy, or name Brethren Retirement Community as the beneficiary of an existing policy. The gift of an existing or new life insurance policy in any amount is welcome. Life insurance can be an effective way for a donor to fund their charitable intentions without significant outlays of cash.
|
