Five Ways to Give Smartrfinke2021-02-15T10:41:59-05:00
Five Ways to Give Smart
Dave and Becky, long-time IFI partners, let us know they included IFI in their will.
For a confidential conversation about your plans:
Contact our team
See these five ways to give smart to IFI below
1. IRA CHARITABLE ROLLOVER
You may be looking for a way to make a big difference to help further our mission. If you are 72 or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.
BENEFITS OF AN IRA CHARITABLE ROLLOVER
Avoid taxes on transfers of up to $100,000 from your IRA to our organization
Satisfy your required minimum distribution (RMD) for the year
Reduce your taxable income, even if you do not itemize deductions
Make a gift that is not subject to the deduction limits on charitable gifts
Help further the work and mission of our organization
2. GIFTS OF APPRECIATED STOCK
Sharing a gift of appreciated stock or other property can be another way to “give smart” to IFI. Your advisor can guide you how to gain maximum tax benefits while also fulfilling your charitable gift plan as well.
3. MAKE IFI A BENEFICIARY DESIGNEE
RETIREMENT FUNDS: When it comes to passing down assets to successive generations of your family, not all assets are created equal. Some assets such as those held in an IRA, 401(k) or 403(b) would be considered income and are taxable to your heirs at their tax rate.
LIFE INSURANCE POLICY: Gifts of life insurance can be a great way to leverage a little today into a lot tomorrow. Life insurance gifts often have lots of flexibility in the way they can be made. Listing IFI as your Beneficiary Designee can improve your overall estate tax position.
4. DONOR ADVISED FUNDS
Gifts through your Donor Advised funds can be a simple way to manage gifts to IFI, both in your lifetime and as part of your legacy estate plan. Let your Fund Advisor know of your selection of IFI for your giving. They will assist you to fulfill your intent.
When it comes to planning how best to share your estate, not all assets are created equal. Please consult your financial advisor or attorney to ensure you select the best option.
5. INCLUDE IFI IN YOUR WILL OR TRUST
Including a gift to IFI in your will or trust is the most common and often the simplest way to make a legacy gift. Through a bequest in your will or trust, you can leave a percentage of your estate, a specific amount of money or the remainder of your estate after your gifts to other loved ones. The back panel of this piece gives you generic legal language that your attorney can use in your documents. We can supply specific language at your request.