The Boys & Girls Clubs of Delaware has benefited from the generosity of committed friends who have included the Clubs in their estate and financial plans.
The additional financial benefits associated with many planned giving arrangements make it possible for you to support the work of the Clubs to an even greater extent than you might have thought possible by addressing some of your own tax, estate and financial planning goals.
The Boys & Girls Clubs of Delaware is grateful for all types of gifts and welcomes the opportunity to work with you and your personal advisors to determine if one or more planned giving arrangements are appropriate for you.
The Boys & Girls Clubs of Delaware can provide qualified professionals to assist you in planning your gift. Recognizing the highly private nature of such planning, all inquiries and communications are held in strictest confidence. You can also find more information on planned giving
Bequests
Gifts of Appreciated Securities
Significant tax benefits may be gained by donating appreciated securities to the Clubs. If otherwise deductible, the current full fair market value may be deducted as a charitable contribution, and the donor avoids tax on the appreciated value when the gift is made.
Gifts of Closely Held Stock Gifts of Real Estate Gifts of Tangible Personal Property
Many buildings and programs of the Clubs have been enhanced by such gifts-in-kind as rare books and manuscripts, paintings, antiques and other art objects.
The donor of appreciated tangible property held long-term is entitled to an income tax deduction for the full fair market value of the item if the Clubs’ use of the object is directly related to the Clubs’ tax-exempt purpose. If the use is not related to the Clubs’ tax-exempt purpose, the donor is entitled to a tax deduction for only the original cost of the property.
Gifts of Life Insurance
For many people, life insurance affords a practical means of making a significant gift to the Clubs. It is possible to assign ownership of a policy that is no longer needed for personal or family protection, or to take out a new policy with the Clubs as owner and beneficiary.
Charitable Remainder Unitrust Provides a Variable Income Stream
Charitable Remainder Unitrust Provides a Fixed Income Stream
Charitable Gift Annuity
In return for a gift of cash or appreciated securities, the donor receives a certain sum annually for life. A current tax deduction is available for a portion of the amount donated. Gift annuities paid to two beneficiaries are also available.
The amount to be received annually is determined by the donor’s age and the age of any other annuitant at the time the annuity agreement is established. Generally, a substantial portion of each payment received is exempt from income taxes for a period of time.
A gift of $10,000 or more is typically required to establish a charitable gift annuity with the Clubs.
Charitable Lead Trusts A lead trust pays income to the Boys & Girls Clubs for a period of years first, and then transfers the remaining assets to you or another individual. A lead trust can run for a term of years or for the donor’s lifetime. It can be created during a lifetime or under the donor’s will. You can greatly reduce or avoid possible estate and gift tax costs of passing assets to family. It may be very attractive if you wish to pass the property to others, such as younger family members, with substantially less estate or gift tax cost.
Gifts of Remainder Interests in Farms or Personal Residences
A very attractive alternative for some individuals is transferring a personal residence, vacation home, or farm to the Clubs while reserving for the donor the right to occupy the home for as long as the donor or donor and spouse live.
Under this plan, the donor is entitled to an immediate charitable deduction for the remainder value of the property. The deduction depends on the donor’s age at the time of the gift, the property’s appraised value, and depreciation on the property.
You can achieve many of the goals of a private foundation without the costs and many complexities of such an entity. By involving your adult children in the process, you can encourage and build a family tradition of philanthropy.