Gifts Anyone Can Make
These gifts often do not affect cash flow during lifetime
Gift Through Your Will or Estate
A bequest – a gift made through your will or living trust – can be the easiest gift to make to
Boys & Girls Club of Cabarrus County because it costs you nothing during your lifetime. Plus, it’s “revocable,” so you can update or change it if circumstances change. If you already have a will or living trust, you can amend it to include a bequest to Boys & Girls Club of Cabarrus County with a simple codicil. (We can provide you with sample bequest and codicil language.)
Bequests are one of the easiest and most popular gift plans. This plan can fit any prospect: single, married, child-free or multi-generational, wealthy or not. Often a bequest is simply a set amount or percentage of an estate set aside to make a gift to
Boys & Girls Club of Cabarrus County. Do you already have a will and do not want to pay your attorney to change it? In most states a donor can execute a simple codicil (or will addition) to make the gift in a cost-effective manner.
Buy Low. Give High.
You transfer publicly traded securities that you have owned for more than one year to Boys & Girls Club of Cabarrus County. We sell the securities and apply the proceeds to the charitable purpose(s) that you designate. You claim an income tax charitable deduction based on the fair market value of the securities and also avoid capital gains tax on the securities’ appreciation.
Donors who hold highly appreciated securities for a number of years. Also for donors who do not plan on selling the stock.
Large Gift. Little Cost.
You designate Boys & Girls Club of Cabarrus County as a beneficiary of your life insurance policy. When the time comes, Boys & Girls Club of Cabarrus County receives the proceeds. Thus, you can provide a large gift to benefit Boys & Girls Club of Cabarrus County for relatively little cost. The policy proceeds distributed to Boys & Girls Club of Cabarrus County will be exempt from estate tax.
Donors who hold a paid-up life insurance policy where no one needs the proceeds. Great for those who do not want to affect current cash flow. The donor will have the flexibility to change his/her beneficiary designation later if his/her circumstances change.
Tired of Maintaining It?
Gifts of Real Estate
Real estate makes a real great gift. When you deed property to Boys & Girls Club of Cabarrus County, you receive an income tax charitable deduction for the value of the contribution. Plus, you can elect to make an outright donation, or use the value to fund a gift that pays you income. Either way, you make a generous gift to Boys & Girls Club of Cabarrus County and those it serves.
Donors whose property will face significant capital gains tax and who do not need (or want) to pass their property on to an heir are the best prospects for a real estate gift. Also perfect for properties that are tough to maintain or vacation homes no longer one wants.
You can make a significant gift by transferring a painting, antiques, collectibles – any “appreciated stuff” – to Boys & Girls Club of Cabarrus County. In return, you receive an immediate income tax deduction, and pay no capital gains on the appreciation. Boys & Girls Club of Cabarrus County can either hold the property, display it, or sell it and apply the proceeds to the purpose you choose.
Donors who have appreciated property and no heirs, or no interested heirs, are the best match for this type of gift. In some cases, prospects have heirs, but they own a piece of appreciated personal property that their heirs do not want or cannot use.
Avoid heavily-taxed assets to heirs.
Donor names Boys & Girls Club of Cabarrus County as the beneficiary of a portion or all of his/her IRA, 401(k), or other retirement account. When the time comes, the amount designated passes to Boys & Girls Club of Cabarrus County income- and estate-tax free.
Someone who holds a 401(k), IRA, or other retirement plan and does not need the additional income, and want to give the most heavily-taxed assets in his/her estate to Boys & Girls Club of Cabarrus County and leave more favorably-taxed property to his/her heirs.
A “Tax Free” Gift?
Charitable IRA Rollover
The IRA charitable rollover allows taxpayers age 70½ or older to make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to Boys & Girls Club of Cabarrus County. The funds should be directly transferred to Boys & Girls Club of Cabarrus County and not withdrawn first.
A donor who does not need the additional income and wants to avoid “double taxation” on the minimum required distribution (MRD).