Other Ways to Give!
GIFTS FROM OTHER SOURCES
A business, employer, family foundation or donor advised fund may provide other ways to maximize your gift. Many employers match gifts made by current employees and retirees.
GIFTS FROM RETIREMENT PLANS
Retirement plan assets can be a practical source from which to make gifts. Unlike many other types of investment accounts, amounts withdrawn from retirement accounts can be taxable to you and eventually to your heirs if left to them.
If you are over 70 1/2 and are required to take withdrawals from an IRA or other qualified retirement account, you may want to consider making charitable gifts using all or a portion of your mandatory withdrawal amount. Giving in this way may result in little or no tax impact when you report the amount withdrawn along with an offsetting charitable deduction. Proposed tax legislation would provide additional benefits for gifts made from traditional and Roth IRAs. Check with your financial advisors for the latest opportunities that apply to your situation.
GIFTS THAT PROVIDE INCOME FOR YOU OR OTHERS
There are also a number of ways to make gifts today that provide you or others with increased income, current and future tax savings, and other benefits for your lifetime or other period of time you choose. One of these options is a Charitable Gift Annuity. A charitable gift annuity is a contract (not a “trust”), under which a charity, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money to one or two individuals, for their lifetime. (American Council on Gift Annuities)
For more information about Charitable Gift Annuities, visit the Council’s website at http://www.acga-web.org/.
We will be pleased to provide more information to you and/or your advisors as you act to develop and complete your plans. For more information contact the Friends Village Community Outreach Office at 856-823-0778 or email:firstname.lastname@example.org
Additional information to help donors think about charitable gift options is available through the Association of Fundraising Professionals website: www.afpnet.org/GivingHeart. Friends Village subscribes to the AFP Donor Bill of Rights.
The official registration and financial information of Friends Village at Woodstown may be obtained from the Attorney General of the State of New Jersey by calling (973) 504-6215. Registration with the Attorney General does not imply endorsement.