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Legacy Gifts

Create a Legacy of Military Support

You can make a lasting impact of generosity and service for military families through a planned gift.
 
A planned gift is any major gift, made in lifetime or at death as part of a donor's overall financial and/or estate planning. These include gifts of cash, equity, life insurance, real estate, personal property, appreciated securities/stocks, artwork, partnership interests, a retirement plan, etc.
What are the 3 types of planned gifts?
  • Outright gifts that use appreciated assets as a substitute for cash
  • Gifts that return income or other financial benefits to the donor in return for the contribution
  • Gifts payable upon the donor’s death
What are the tax benefits of planned gifts?
  • Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
  • Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
  • Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.
Who should I contact to discuss planned gifts?

It is advisable that donors interested in making a planned gift should contact their financial advisor, tax attorney and/or estate planning attorney to discuss which options would work best.

Contact Us for More Information

To learn more about how legacy gift will further the mission of the Armed Services YMCA, please fill out this form.