1. A gift in your will or living trust.
A simple charitable bequest can provide very meaningful support for our mission as well as reduce the amount of estate and inheritance taxes paid. Bequests may be specific assets or amounts, or they may be proportional or residual in nature (see sample bequest language in the samples section).
2. A gift of a new or existing life insurance policy.
Many people have life insurance policies that are no longer needed for their original purposes. Such policies can be given to the Boys & Girls Club and an income tax deduction can be taken for the cash surrender value. Plus, the annual premiums on a new or existing policy given to the Boys & Girls Club irrevocably may also be tax-deductible.
3. A beneficiary designation on your life insurance policy.
Without giving up ownership of your life insurance policy, you can still designate the Boys & Girls Club as a whole or partial death beneficiary. Contact your insurance company for a Change of Beneficiary form.
4. A gift of financial accounts.
Most checking, savings and brokerage accounts can be bequeathed to the Boys & Girls Club through a simple "payable on death" designation with your financial institution.
5. A gift of retirement benefits.
Naming the Boys & Girls Club as primary, partial or contingent beneficiary of your retirement plan is a simple, practical gift idea. Contact your plan custodian for the proper beneficiary change forms
6. A gift of savings bonds.
Many people have fully appreciated savings bonds. These assets cannot be donated during your lifetime without first being converted to cash and, therefore, generating taxable income. By making a gift of savings bonds through your will, you can avoid this tax and support our mission.
7. A Charitable Gift Annuity.
A Gift Annuity is a contract in which you exchange a gift of cash or securities for fixed payments each year for the rest of your life.
Please contact Bruce Daggy, Executive Director for the Boys & Girls Clubs of Wayne County at 765-962-6922
for more information about planned giving and the many benefits available to you.