PLANNED GIVING

Individuals 70½ and older may give to non-profits like FamilyLife directly from their traditional IRA, up to $100,000, without the normal tax consequences on withdrawals. An IRA Qualified Charitable Distribution (QCD) or Rollover gift meets the minimum distribution requirements, and many people can benefit. For those whose charitable giving exceeds their annual adjusted gross income limits, a gift of this kind is especially helpful.

You can choose to leave assets from your estate to FamilyLife by a provision in your will, or a codicil to your will. This is also sometimes referred to as a bequest. You can give a specific amount of money, a percentage of your estate, or specific property. Your estate will receive a charitable estate tax deduction at your death, when the gift is actually made. A gift through a will enables you to make a significant gift to FamilyLife while retaining full control of your assets throughout your life and can reduce your estate taxes.

This fund is a financial tool much like a private foundation but offers more attractive options for realizing your personal charitable objectives. With a Donor Advised Fund, costs and administration are shared and minimized. You may claim a charitable income tax deduction and may not have to pay any capital gains, if the gift is of appreciated property. You have the flexibility with a Donor Advised Fund of giving to your non-profit(s) of choice now or over time.

A Charitable Trust is a financial tool which makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever you choose to receive the income for a set term of years.

There are two types of Charitable Trusts: a Charitable Remainder Trust and a Charitable Lead Trust. You may claim a charitable income tax deduction for both types. In a Charitable Remainder Trust, FamilyLife would receive whatever amount is left in the trust at the end of the trust term. In a Charitable Lead Trust, the asset is ultimately returned to you or your heirs at the end of the trust term. The lead trust is one of the few ways to reduce transfer taxes that would otherwise be due on assets left to loved ones.

A Charitable Gift Annuity is a simple and safe way to receive a quarterly or yearly fixed income for your lifetime and your spouse’s lifetime, at a significantly higher rate of return than a Certificate of Deposit (CD) or a bond. In exchange for a payment of at least $5,000, you can receive an income stream backed by The Cru Foundation. You will receive a charitable gift income tax deduction for a portion of the gift, and a portion of the payment you receive will be tax-free for several years. This effectively increases the already favorable payout rate that you receive. In addition, your annuity will provide an end-of-life gift to FamilyLife of the balance in your annuity account. The gift will go directly to this ministry’s work outside of your estate and will avoid probate.