Planning Your Legacy
There are several ways you can leave a legacy through planned giving to the Boys & Girls Clubs of Northwest Georgia. Here are some giving options that you might consider.
You designate Boys & Girls Clubs of Northwest Georgia as a benenficary of your assets by will, trust, or other instrument. Bequests allow you to retain control of your assets during your lifetime. A bequest can be tailored to almost any set of circumstances, and it provides an unlimited deduction for estate tax purposes.
Charitable Remainder Trust
An income-producing gift, such as a gift annuity or charitable remainder trust, enables you to generate a current income tax deduction while providing yourself or loved one with a secure source of income for life or a period of years. When funded with appreciated assets, it can also help you increase your income while avoiding capital gains taxes.
Charitable Lead Trust
A lead trust enables you to transfer wealth to family while reducing or eliminating estate and gift taxes. Trust assets are removed from the taxable estate, and growth in value passes tax-free to heirs. You postpone the transfer until heirs are more mature. Payment of trust income to Boys & Girls Clubs of Northwest Georgia for a term of years creates a charitable legacy with funds that are otherwise destined for the IRS.
A gift of a life insurance policy, or simply naming Boys & Girls Clubs of Northwest Georgia as a beneficary of your bank acocunt, allows you to make a major gift for a modest cost. Many donors use insurance gifts to recieve a current tax deduction while disposing of an old policy that is no longer needed,. Other donors purchase a new policy, donate it to Boys & Girls Clubs, and make an annual gift to cover the premiums.