Planned Giving
Leave a legacy. Plan your gift today.
A planned gift is a future contribution that you can offer to the Boys & Girls Clubs of the Big Bend to ensure your commitment to this organization lives on even after you pass. Planned gifts help to ensure the long-term sustainability of our organization in the Big Bend region.
Whether just starting out or well into retirement, anyone can make a planned gift. It is also important to note that most planned gifts require no upfront monetary contribution and can be as simple as designating our organization as a beneficiary on your 401(k). Those who make planned gifts to the Boys & Girls Clubs of the Big Bend will be inducted into The Heritage Club and receive a lapel pin symbolizing their membership.
A planned gift could be:
WILL OR CODICIL BEQUEST: A bequest in your will can be used to leave an outright gift to the Boys & Girls Clubs of the Big Bend or to establish a planned contribution.
To make a bequest to the Boys & Girls Clubs of the Big Bend:
- Give some thought to your estate planning. Make a list of your assets and think about how they will be distributed upon your death
- Make an appointment with an attorney who specializes in estate planning
- Decide how much you wish to leave to the Boys & Girls Clubs of the Big Bend
- Contact us to discuss how your legacy can benefit the programs of the Boys & Girls Clubs of the Big Bend
- When you notify the Boys & Girls Clubs of the Big Bend of your bequest intention, we would be delighted to invite you to join The Heritage Club.
The following examples are meant to illustrate a variety of bequest techniques. In consultation with an attorney, this language can be adapted to your individual circumstances as part of an overall estate plan.
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Specific Bequest is a donation of a particular dollar amount or a particular piece of property.
For example: I bequeath (dollar amount or description of property) to the Boys & Girls Clubs of the Big Bend. -
Residuary Bequest is a donation of all or part of the assets remaining in your estate after debts, expenses and specific bequests have been paid.
For example: I give, bequeath or devise (__% of) the rest, residue and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to the Boys & Girls Clubs of the Big Bend. -
Contingent Bequest is a donation which takes effect only if the primary beneficiary or beneficiaries of the bequest predeceases you.
For example: If neither my husband nor any descendants of mine survive me, then I give, bequeath and devise all the rest, residue and remainder of the property, both real and personal, wherever situated which I may own or be entitled to at my death, to the Boys & Girls Clubs of the Big Bend.
CHARITABLE GIFT ANNUITY: It is possible to make a donation of cash or securities to establish a Charitable Gift Annuity to provide you or another individual with guaranteed, partially tax-free income for life.
CHARITABLE REMAINDER TRUST: A Charitable Remainder Trust provides an individual with income for either life or a term up to 20 years from the date the gift is made. When the trust terminates, the Boys & Girls Clubs of the Big Bend receives the trust's principal.
CHARITABLE LEAD TRUST: A Charitable Lead Trust provides the Boys & Girls Clubs of the Big Bend with a steady income for a term of years or the life of an individual. When the trust terminates, the donor's designated heirs will receive the trust's appreciated principal.
LIFE INSURANCE: There are several ways to use life insurance to make a donation to the Boys & Girls Clubs of the Big Bend. The Clubs can be named as owner and beneficiary to an existing policy or a new policy can be established.
RETIREMENT ASSETS: The combination of federal income, estate and excise taxes can seriously erode the value of retirement savings. Naming the Boys & Girls Clubs of the Big Bend as a beneficiary of these assets can save your estate and heirs both income tax and federal estate taxes.
APPRECIATED STOCK: These assets have a higher market value than their basis or tax purpose value. Such assets would, if sold by an individual or non-charitable organization at a price higher than their basis, potentially generate a taxable capital gains (either long-term or short-term depending on the holding period).
what is your goal?
Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping a cause close to your heart. The following chart details a gift vehicle for every goal. After determining the gift that is right for you, meet with your financial advisor or our organization to begin implementing your wishes. For more information, please contact Sabrina Williams at 850-656-8100 ext. 300 or swilliams@bgcbb.org, or download our Planned Giving Guide.
| Your Goal | Your Gift | How to Make the Gift | Your Benefits |
|---|---|---|---|
| Make a quick and easy gift | Outright gift | Donate cash, securities or personal property | Income tax deduction; avoidance of any capital gains tax |
| Make a revocable gift during your lifetime | Living trust | Name us beneficiary of assets in a living trust | Control of trust for lifetime; possible estate tax savings |
| Defer a gift until after your lifetime | Bequest in will | Name us in your will | A donation exempt from federal estate taxes |
| Make a large gift with little cost to yourself | Life insurance gift | Give a policy with us as owner and beneficiary | Current income tax deduction; possible future deductions |
| Avoid the twofold taxation on retirement plan assets | Retirement plan gift | Name us as beneficiary of the remainder of the assets after your lifetime | Avoidance of heavily taxed gift to heirs, allowing less costly gifts |
| Avoid capital gains tax on the sale of a home or other real estate | Real estate gift | Donate the property to us, or sell it to us at a bargain price | Immediate income tax deduction and avoidance of capital gains tax |
| Give your personal residence or farm, but continue to live there | Retained life estate | Designate the ownership of your home to us, but retain occupancy | Charitable income tax deduction and lifetime use of home |
| Secure a fixed and often increased income | Charitable remainder annuity trust | Create a charitable trust that pays you a set income annually | Immediate income tax deduction and fixed income for life |
| Create a hedge against inflation over the long term | Charitable remainder unitrust | Create a trust that pays a percentage of the trust’s assets, valued annually | Immediate income tax deduction, annual income for life that has potential to increase |
| Supplement income with fixed annual payments | Charitable gift annuity | Enter a contract with us, in which we’ll pay you fixed payments annually | Current and future savings on income taxes; fixed payments for life |
| Reduce gift and estate taxes on assets passing to heirs | Charitable lead trust | Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs | Reduced size of taxable estate; keeps property in family, often with reduced gift taxes |