Remembering Assistance League
There are numerous creative ways to support the mission of Assistance League of Amador Valley for years to come. Such giving techniques are called “planned giving.” With thoughtful planning, you can be sure you and your loved ones will benefit as will the community of Pleasanton, Livermore and Dublin. You can create a lasting remembrance of the values you embrace.
Almost everyone has the ability to make a planned gift. Planned giving is not just for the wealthy. According to a recent study, 33 % of Americans are willing to consider a charitable bequest. (Michael J. Rosen, CFRE) Gifts of any size are appropriate — there is no minimum.
BEQUESTS
There are several ways to make a bequest to Assistance League of Amador Valley through your will or other estate plan. It is the simplest form of giving because it can be added to your existing will with a codicil which allows you to retain your assets in your lifetime and leave a larger gift than you may have given while you were alive.
Such as:
- a residual bequest of the remainder of your estate or a percentage of the remainder after you have made specific bequests
- a percentage bequest, which grants a certain percentage of your estate
- a specific bequest of an amount of money or an asset
LIFE INCOME GIFTS
Life income gifts can increase your income, provide a current tax deduction and possibly avoid capital gains taxes.
TAX IMPLICATIONS OF LEAVING IRA TO A NONPROFIT
For those who plan to make charitable gifts upon their death, naming a nonprofit organization as an IRA beneficiary can be very advantageous since the nonprofit does not pay income tax whereas, in most cases, individuals will.
For more information on making Assistance League of Amador Valley part of your estate plan, contact VPResourceDev@ALAmadorValley.org.
NOTE: Assistance League of Amador Valley does not provide legal or tax advice. All donors should consult their tax advisor to determine the consequences of making a planned gift.