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Planned giving enables you to support Motiv8s Inc. more effectively, and provide financial benefits for you and your family. A planned gift to Motiv8s takes into consideration a number of factors, including: short and long-term financial objectives, current financial circumstances, age, your estate plan, your family situation, and your charitable goals. Planned gifts to Motiv8s can be presented in the following forms:
Bequests
A bequest is a gift you make to an individual or organization through your will. You can leave a legacy to Motiv8s, be remembered after you are gone, and still preserve your assets during your lifetime.
Because Motiv8s is a non-profit organization, anything you leave to the agency--cash, securities, or other assets--will be deductible from the total value of your estate when determining federal estate tax. You may specify a dollar amount or percentage of your estate, designate articles of property to be left to Motiv8s, or leave the remainder of your estate (or a portion of the remainder) after the other provisions of your will have been satisfied.
Charitable Gift Annuities
A charitable gift annuity is an extraordinary way to make a gift to Motiv8s, cut your tax bill, and provide guaranteed income for life--all in one transaction. With a charitable gift annuity, you make a gift of cash or securities to benefit Motiv8s Incorporated. The trust, or bank, then pays you, your spouse, or another individual of your choice, a guaranteed fixed annual income for life. The amount of the annual distribution is based on several factors and is calculated using a formula established by The American Council on Gift Annuities, a national organization that recommends the rates for non-profit organizations to offer to annuitants.
Life Insurance Policies
Donors may make gifts of insurance policies to Motiv8s and receive a charitable deduction for the value of the policy. Donors also may purchase life insurance policies, name the organization as the owner of the policy and take a charitable deduction for each premium payment. State regulators governing the deductibility of gifts of life insurance vary. As with any important financial decision, you should seek the advice of legal counsel before entering into such contracts.
Trusts
Simply put, trusts are personal asset management plans that are set up during a person's lifetime or through a will. They usually involve the transfer of money or property to one person or the benefit of another. You (the grantor) establish a trust, and then you name one or more trustees to manage the assets. You also name your beneficiaries and outline a detailed plan of asset and income distribution. You may include Motiv8s Incorporated and other charities among your beneficiaries, resulting in significant financial and tax benefits.
As a grantor, you have many types of trusts to choose from. Some common types are the charitable remainder trust, the charitable lead trust and the unitrust.
* The charitable remainder trust benefits specific individuals for life or a period of years and then distributes money or property for charitable purposes.
* The charitable lead trust is often described as the opposite of the charitable remainder trust because the "lead" gift is paid first to the charity. Then, after the number of years (based on a term or a lifetime), the remainder is returned to the grantor or other beneficiaries named by the grantor.
* The unitrust involves placing cash, securities or other property into a trust and keeping a specified income, usually for life. After death of the grantor, the property is transferred to the charity with a substantial estate tax deduction.
For more information about Planned Giving, please contact us or consult with your attorney.This information is provided solely for educational purposes. For specific recommendations, individuals should consult his/her qualified professional adviser.
For more information, please Contact Us
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