You Can Create Your Own Legacy!
Making a difference is important to you, and charitable giving is an important part of your life and your core values. Like many people, you’d like to know that the causes and organizations you care about today will continue to thrive in the future. The good news is that through a planned gift, you don’t have to be a millionaire to start a meaningful philanthropic legacy.
WHAT IS PLANNED GIVING?
Simply put, “planned giving” is the transfer of assets to the Community Child Guidance Clinic during a lifetime or as part of your estate plan, and it can be made for a specific amount, percentage of your estate, or all or a portion of what is left after you have made bequests to your family. It’s also a win-win approach to philanthropic donations because it not only supports the Community Child Guidance Clinic, but can also provide you with tax benefits now or in the future. This forward-thinking approach to giving is “planned” because often these assets are not liquid, have tax consequences and are generally transferred via a will or other written means.
Planned giving is easy to do and you don’t have to be wealthy to do it. Whether it is naming your favorite charity in your will or trust for a modest amount, or a gift of house and property, there is an easy option that is right for you.
IT CAN INVOLVE ASSETS YOU MIGHT NEVER THINK OF
A life insurance policy. Real estate. Stocks. Business holdings. A checking or savings account. These are all assets that can be leveraged in planned gifts.
IT CAN GENERATE AN INCOME STREAM
In return for the donation of real estate, stocks or other assets, you can receive a series of regular payments.
IT CAN PROVIDE GENEROUS TAX BENEFITS
Donors at a variety of income levels can benefit, and depending upon the type of gift, short-term and/or long-term tax benefits may apply. Consult with your financial or estate planner for more specifics.
IT CAN WORK SIDE-BY-SIDE WITH OTHER FAMILY PRIORITIES
Planned giving is not an “all or nothing” option and can be tied in with other beneficiaries and personal priorities.
IT IS LONG REMEMBERED
Designating a planned gift automatically makes you a member of the Community Child Guidance Clinic’s Legacy Society. Legacy Society members receive recognition in publications and receive invitations to special events. In addition to the satisfaction of making a meaningful gift, most planned gifts have immediate and/or long-term tax benefits. The chart below can help you find the type of gift that is right for you. Consult your financial advisor or estate planner to find out what the best option is for you, and join the CCGC Legacy Society today!
PLANNING YOUR BEQUEST
When planning for a bequest, you will need to consider how you would like your gift to be used to benefit CCGC—whether unrestricted in purpose or restricted to a specific area or purpose, and whether you would like it to be an expendable fund (to be spent when received) or an endowed fund (to last in perpetuity).
- An unrestricted bequest allows CCGC to determine how to use the funds based on its most pressing needs.
- A restricted bequest directs assets to a specific fund or particular purpose.
- Expendable funds are used in their entirety, generally within a relatively short time frame, although some larger expendable gifts are used over longer periods.
- Endowed funds provide income every year in perpetuity to carry out the designated purpose of the fund. Note that endowed funds have minimum required amounts.
Please contact Kevin McMahon at email@example.com or (860) 643-2101 x244 if you are considering a planned gift.