ARMED SERVICES YMCA SAN DIEGO

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PLANNED GIVING

Ensure that no matter what the future holds for military families, your legacy will support them.

The Armed Services YMCA is not your traditional "Y." The Armed Services YMCA was founded during the Civil War by YMCA volunteers who wanted to support soldiers in the field.  We became a national organization thanks to a gift from Abraham Lincoln - our first donor. The San Diego branch of the Armed Services YMCA was founded in 1920, and from this time onwards we have been serving active-duty service members and their families. A lot has changed for service members over the years, but what stays the same is that each and every generation is as deserving of our support as the last.  

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HOW YOU CAN GIVE

Giving Through Your Estate

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit the ASYMCA in ways that may not be possible through lifetime gifts.

Giving through your estate plan can generate a charitable estate tax deduction and substantial tax savings. You may direct all or a portion of your estate to the ASYMCA.

Giving and Income Generation

Planned giving is a great way to support the ASYMCA while generating income for yourself and your family.

Learn more below about the gifts that allow you to give to the ASYMCA while generating income for yourself and your family.

Giving and Tax Benefits

Certain types of gifts can minimize estate and capital gains taxes while providing sizable income tax deductions.

Great tax benefits exist for our planned givers. Below are some of the gifts and associated benefits you should know about.

Bequests

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit the ASYMCA. No other planned gift is as simple to implement or as easy to change should you ever need the assets during your lifetime.

A bequest may be right for you if:

  • You would like to make a gift to the ASYMCA.
  • You want the flexibility to change your mind.
  • You want continued access to your wealth, should you need it.
  • You are concerned about outliving your resources.

Our Recommended Bequest Language

Here you’ll find our recommended bequest language for your legal counsel’s consideration in preparing your will or trust. This language will help you make generous gifts after your lifetime and help guarantee your wishes are carried out as you determine them. Our Bequest Language Document and Letter of Intent are intended to help you and your attorney in drafting a bequest that satisfies your individual interests.  

Beneficiary Designation

A beneficiary designation is one of the simplest ways to make a gift to the ASYMCA. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive.

Beneficiary designations are available when giving the following assets: 

Retirement Assets

An alternative to a bequest gift is to designate the ASYMCA as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.

A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals, will be subject to income tax when they receive distributions and, in the case of most non-spouses, those distributions must take place within 10 years, potentially pushing designated beneficiaries into higher tax brackets. With a gift to the ASYMCA, 100 percent of the funds are available for its charitable purposes. If you want to remember us in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to the ASYMCA.

Life Insurance 
Life Insurance policies can also be used to make a gift to the the ASYMCA. Complete and return to the insurance company a form designating that the San Diego Armed Services YMCA receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming the ASYMCA as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.

Other Assets

Commercial Annuity Contracts - a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name the ASYMCA to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.

Bank Accounts - you can instruct your bank to pay the ASYMCA all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

Investment Accounts - you can instruct your investment company to transfer to the ASYMCA some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to the San Diego Armed Services YMCA” after your name on the account.

Charitable Gift Annuity

A charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities to the ASYMCA. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the ASYMCA for as long as you live.  

charitable gift annuity could be right for you if:

  • You want to maintain or increase your income.
  • You want the security of fixed, dependable payments for life.
  • You want to save income taxes or capital gains taxes.
  • You would like income that may be partially tax-free.
  • You are considering a gift amount of $5,000 or more.
  • You are at least 65 years of age.

Deferred Charitable Gift Annuity

A deferred charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities. The payments start on a date you choose that is at least one year after you make the gift. 

Deferred gift annuities are easy to set up, and the payments you receive are backed by the general resources of the ASYMCA for as long as you live. 

A deferred charitable gift annuity could be right for you if:

  • You have sufficient income now but want to supplement your cash flow later, for example, when you retire. 
  • You want the security of fixed, dependable payments for life.
  • You want to save income taxes or capital gains taxes.
  • You would like income that may be partially tax-free.
  • You are considering a gift amount of $5,000 or more.

Charitable Remainder Annuity Trusts

A charitable remainder annuity trust can help you maintain or increase your income for life while making a significant gift to the ASYMCA. The trust payments are the same amount each year, offering the security of fixed income. 

A charitable remainder annuity trust is right for you if:

  • You want to maintain or increase your income.
  • You want the security of predictable payments for life or a term of years.
  • You want to save income taxes or capital gains taxes.
  • You want to choose the person who administers your gift and guides its investments.
  • You want to make a generous gift to the ASYMCA.
  • You are considering a gift amount of $250,000 or more.
  • You want your gift to benefit multiple charities.

Charitable Remainder Unitrust

A charitable remainder unitrust can help you maintain or increase your income while making a significant gift to the ASYMCA.

If your unitrust grows, your payments will grow too, providing a hedge against inflation. A unitrust provides more flexibility than other life income plans.

A charitable remainder unitrust could be right for you if:

  • You want to provide income for yourself or others.
  • You want the possibility of income growth.
  • You want to save income taxes or capital gains taxes.
  • You want to choose the person who administers your gift and guides its investments.
  • You want to make a generous gift to the ASYMCA.
  • You are considering a gift amount of $250,000 or more.

Charitable Lead Annuity Trust

Make a substantial gift to the ASYMCA in the form of fixed annual payments and pass assets to your family or other heirs at reduced gift and estate tax cost. 

charitable lead annuity trust may be right for you if:

  • You have substantial assets that you do not need currently for your own financial security.
  • You want to provide for your family or other heirs.
  • You want to save gift taxes, estate taxes, and probate costs.
  • You want your gift to make a difference at the ASYMCA starting immediately.
  • You could consider a gift of $250,000 or more to benefit the ASYMCA and your heirs.

Charitable Lead Unitrust

Make a substantial gift to the ASYMCA in the form of annual payments and pass assets to your family or other heirs at reduced tax cost.

The payment to the ASYMCA is a percentage of the value of the trust each year.

charitable lead unitrust may be right for you if:

  • You have substantial assets not needed for your own financial security.
  • You want to provide for your family or other heirs.
  • You want to save gift taxes, estate taxes, and probate costs.
  • You want your gift to make a difference at the ASYMCA starting immediately.
  • You could consider a gift of $250,000 or more to benefit the ASYMCA and your heirs

Retained Life Estates

Your home is one of your most valuable assets. With a retained life estate, you can give your home to us now, but continue to live in it for as long as you wish.

Make a greater gift than you might have thought possible and receive immediate tax benefits without changing your living situation.

retained life estate may be right for you if:

  • You want to continue to live in your home.
  • You do not plan to pass on your home to family or other heirs.
  • You itemize your income tax deductions and want to save on income taxes now.
  • You want to make a significant gift to the ASYMCA.

Bargain Sale

Receive immediate cash and make a gift to the ASYMCA  by selling to us a valuable asset, such as real estate, for less than it is worth.

A bargain sale may be right for you if:

  • You want additional cash now.
  • You itemize your deductions and want to save income taxes.
  • You want to save capital gains tax on the sale of your property.
  • You own a valuable asset that you are willing to sell for less than it is worth

How It Works

You sell real estate or other property to the ASYMCA  for less than it is worth.
You receive immediate cash equal to your sale price. Your property becomes ours to use or sell.

TESTIMONIALS

 

 

 

 

Contact Phillip Sammuli at 858-987-1216 to learn more about sustaining military support for years to come through a planned gift.