How To Give
Giving to our cause can be done either directly or through a gift model that can provide tax benefits and even income.
You designate our organization as the beneficiary of your asset by will, trust or other instrument.
Benefits of Your Bequest
- Receive estate tax charitable deduction.
- Lessen the burden of taxes on your family.
- Leave a lasting legacy.
How Do You Make a Bequest?
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or a charity as part of your estate plan.
Example bequest language – Please feel free to change the numbers or percentages as you desire.
- Bequest of cash
“I bequeath the sum of $10,000 to Integrated Family Community Services”
- Bequest of a percent of the estate
“I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to Integrated Family Community Services”
- Contingent Bequest
“If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to Integrated Family Community Services”
Your Bequest Options
A bequest may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
Making a Bequest of Your Retirement Assets
A retirement asset, such as an IRA account, makes an excellent bequest to us. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction. It takes little time to create this gift for Integrated Family Community Services. Just contact your plan administrator and ask for a beneficiary designation form. Fill this form out with your specific bequest (percentage, dollar amount, or the balance of the residue of the estate) and send it back to your administrator. The other advantage is that the bequest goes to Integrated Family Community Services quicker that a bequest in your will.
You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with income for life or a term of years.
Benefits of a Charitable Remainder Unitrust Gift
- Income for life, lives, or term of years
- Avoid capital gains on the sale of your appreciated assets
- Charitable income tax deduction for remainder portion of your gift
- Future legacy gift to our organization
Charitable Remainder Unitrust for Income
A charitable remainder unitrust pays you income that reflects trust investments. There is the potential that your income could increase over time with growth in the trust.
How to Select the Right Unitrust Payout for You
There are several unitrust payout options to meet your needs:
- The standard unitrust pays out a percentage of the trust assets each year
- Another payout option used commonly for real estate permits the trust to sell the property tax-free and then begin paying you income after the property has been sold
Charitable Annuity Trust
You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with fixed income for life or a term of years.
Benefits of a Trust Gift
- Fixed income for life, lives or term of years
- Capital gains tax avoid on the sale of your appreciated assets
- Charitable income tax deduction for a portion of your gift
Charitable Remainder Annuity Trust for Fixed Income
If you are tired of riding the fluctuating stock market and want a fixed income, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays out a fixed amount each year based on the value of the property at the time it is gifted.
Life Estate Reserve
You may desire to leave your home or farm to us at your death, but would like to receive a current charitable tax deduction. A life estate reserved might offer the solution you need!
How a Life Estate Works:
You can deed your home or farm to us but keep the right to use the property for the rest of your life. You will be able to make a current gift to us and maintain use of your home or farm. Benefits of a Life Estate Reserved
- You receive a current federal income tax deduction for the present value of the remainder interest in your home or farm.
- You preserve your lifetime use and are able to use and control the home or farm while you are alive.
Life Estate Details
- The life estate can last for your life or your life and another person’s life.
- It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
- You will be responsible for the maintenance, insurance and taxes on the property.