Other Forms of Giving
Leave a Legacy of Healing
You can create a lasting legacy at the Sexual Assault Center by including us in your estate plans. Regardless of income level or the size of your estate, your planned gift can make a significant difference to the Sexual Assault Center. You can create a lasting legacy at SAC by including us in your estate plans. A bequest to SAC can help you, and your family, reduce or avoid estate taxes and at the same time help you realize your own philanthropic objectives. Joining the Legacy Society is a lasting way to establish a profound commitment to SAC’s future. If you have any questions, please contact Audra Davis at 615.259.9055 x331 or firstname.lastname@example.org
Please consider making a planned gift today and including the Sexual Assault Center. At such time as you notify us of your intentions your name will be prominently be displayed at the Center as a recognized member of the SAC Legacy Society. For further information, please call Audra Davis at 615.259.9055 ext. 331.
10 Things You Can Do Today to Leave a Legacy
Prepare a will to take care of the persons and organizations you love.
Leave a gift in your will to the Sexual Assault Center, your place of worship, educational or health institutions, arts, cultural or environmental institutions that have made a difference in your life.
Use the beneficiary designation of your retirement plan, 401k, or IRA to benefit SAC.
Purchase a life insurance policy naming SAC as the owner and beneficiary, or name SAC as the beneficiary of an existing policy.
Endow SAC and receive lifetime income through the use of a Charitable Gift Annuity or set up a charitable trust.
Consider giving some of your assets such as cash, stocks, bonds, CD’s, real estate, vehicles, art, and other personal property to SAC.
Set up a donor advised fund or family foundation naming SAC as one of the beneficiaries.
Remember loved ones with memorial and honorary gifts to SAC.
Use professional advisors for maximum tax and legal advantages. Their expertise can help you plan for the future.
Encourage others to participate in SAC and tell them how and why you support it.
Regardless of the type of bequest you intend to leave, it is important to consult a qualified lawyer, tax consultant or estate planner to assure that your wishes are carried out.
Types of Planned Gifts
One of the most popular and easiest types of gifts in an estate plan is a bequest. You can designate the Sexual Assault Center to receive a specific dollar amount, a specific asset, or a percentage of the total value of your estate.
If you have an existing will, a codicil (an amendment to a will) can easily be added to include SAC as a beneficiary. Specific instructions on how to prepare a will or codicil can be provided by your lawyer, accountant or estate planner.
Substantial tax benefits can be achieved when you make a gift of your residence to Sexual Assault Center. Speak with your attorney, accountant or estate planner to learn about the tax benefits of making a gift of real property.
You may consider how a life insurance policy that no longer suits your needs can become a significant charitable gift to Sexual Assault Center.
You might name us a beneficiary of an existing policy. Naming SAC as the sole beneficiary or a partial beneficiary will allow you to make a sizeable gift to SAC.
Donate an obsolete policy. If you own a policy that is paid-up and your dependents no longer need the policy’s protection, you can designate SAC as the owner of the policy and receive an immediate tax deduction.
If your estate plan includes a trust, you can designate Sexual Assault Center to receive a specific dollar amount of cash, specific assets (a cash account or other asset), or a percentage of the total value of your trust assets.
If you have an existing revocable trust, an amendment can easily be made to include Sexual Assault Center as a beneficiary. Specific instructions about how to prepare and execute a trust or a trust amendment can be provided by your attorney, accountant or estate planner.
There are other estate planning options that can give you an immediate tax deduction while providing you and/or a loved one with investment income for life.
Irrevocable trusts (such as charitable trusts) allow you to exchange low basis, highly appreciated assets for income in the form of an annuity or a percentage of the fair market value of the assets.
A gift of highly appreciated assets to the Sexual Assault Center offers both a tremendous future benefit to the Center and a significant tax advantage for you, since no capital gains tax is incurred when the assets are sold. Once investment changes are made, you can specify how income and principal are to be distributed to you and your family during your lifetime. These trusts offer the benefit of:
Providing income for life to you and your family (annuity)
Providing a current income tax deduction
Avoiding capital gains tax on appreciated assets
Reducing future estate taxes
Other irrevocable trusts, such as Life Insurance Trusts, can also provide remarkable estate planning benefits for you as well as endowment benefits for the Sexual Assault Center.
Again, regardless of the type of bequest you intend to leave, it is important that you consult a qualified attorney, accountant or estate planner to make certain your plan meets your retirement and philanthropic goals.