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 Giving Profile...(.pdf) |
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At Youth Services, we rely on the support and generosity of friends who believe in our mission and our work. One way to make a difference is by planning a gift. You may want to think of us when you execute a new will. Or maybe you would like to add a codicil to your existing will. A pledge of cash and securities could have tax advantages for you, since tax laws are written to encourage charitable giving. There are various ways to structure your gift so that it meets your personal philanthropic goals while enhancing your financial, tax, and estate planning. Cash and appreciated securities are used most frequently to fund charitable gifts toYouth Services. Other ways to give include gift annuities, charitable lead trusts, gifts of real estate, and gifts of life insurance. We would be happy to discuss with you in complete confidence the different ways you can choose to support Youth Services. For further information, please call our Development Director at: 802-257-0361. Click on the icons below to learn more:
Live in Your Home and Give! You can receive a charitable tax deduction for living in your own home. It's possible to continue to live in your home and claim a federal income tax deduction for donating the home to charity. A retained life estate is an irrevocable assignment of your home to charity at your death. You continue to pay the taxes, maintenance, and insurance on the property and enjoy the right to live in and use the property until your death. Here's how the retained life estate works:
In A Down Market, Donate Alternative Assets! When the stock market is unstable you may hesitate before giving away stock to charity. Do you own paid-up life insurance that is no longer needed for its original purpose? Perhaps your children are self-supporting or you sold your business? Consider this an asset that is easy to give away to charity! You would be allowed a charitable income tax deduction for the cash surrender value of the policy. John and Betty Maily (names are for illustrative purposes only) came up with a creative alternative to a stock gift as part of their gift to Youth Services. John and Helen owned paid-up life insurance policies that were no longer needed for their original purposes. They decided to donate the policies to Youth Services. The process was simple: John and Helen named Youth Services as owner and beneficiary of their policies. Youth Services surrendered the policies to realize the funds immediately, and John and Helen claimed charitable income tax deductions for the surrender value of their policies. "It was an easy decision to make," recalls Helen. "The asset was there and not needed anymore. Youth Services' mission is very important to me, so what better way to use the policy than to support the community?" Life Income Gifts - Charitable Gift Annuities At Youth Services, we rely on the support and generosity of friends who believe in our mission and our work. A charitable gift annuity is one of the simplest and most popular ways for an individual to make a gift to Youth Services and receive a fixed annuity payment for life. After experiencing three years of declining stock values and portfolio income, many retirees have decided it's time to restructure the way their retirement assets are invested. Financial planners now recommend that part of an individual's retirement assets be invested to provide a steady income, no matter what direction the broader stock market takes. As a result, sales of commercial annuities that pay a fixed annual income have skyrocketed. Having an annuity as part of your retirement portfolio means that you will have a steady, reliable amount of income that you can count on every year. Youth Services offers an annuity option that you should consider if you decide to annuitize part of your retirement investments. It's called a charitable gift annuity. Like commercial annuities, you can choose to have the annuity start payments now or in the future. Like commercial annuities, part of your annual income will not be subject to income tax. Youth Services' gift annuity rates are competitive with those offered by commercial insurance companies. When you decide to purchase a Youth Services' gift annuity, you receive a few additional benefits. One is that you can use stocks or bonds that have appreciated in value to purchase your annuity, something that you can't use to purchase a commercial insurance annuity. You also qualify for a charitable deduction from your current income taxes, no matter when you decide to begin your annuity payments. The best result, though, is that whatever remains in your Youth Services' gift annuity account at your death is used to support your favorite charitable cause, rather than to provide profits to a commercial insurance company. Youth Services' gift annuities can cover one or two lives. Here's a sample of our rates for a single life, which depend on the beneficiary's age when payments begin. Youth Services accepts CGA donations of $5,000 or greater with a minimum age of 55 for non-deferred annuities. Below is an example for illustrative purposes. These rates vary so check to determine current rates. Age
Rate Age Rate Age Rate
Age Rate A bequest, a provision in your will that directs assets to an organization or individuals, is a time-honored way to support worthwhile causes. Your gift in support of our Annual Fund, a specific department or program, or Youth Services' Endowment Fund expresses your abiding commitment to our mission. Large or modest, all bequests are important, and will have an impact on the future of our work. A testamentary gift can help you meet your financial and estate planning goals. You can:
While your attorney-in consultation with your tax and financial advisors-will most likely prepare your estate plan, we would be pleased to discuss opportunities for bequest arrangements with you. To find out more, please contact our Development Director at (802) 257-0361. Your inquiry will place you under no obligation and will be held in confidence. Read Giving Profiles of hypothetical individuals to see how bequests can be used to leave a legacy to Youth Services. {Back to Giving to Youth Services} Youth
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