Leave a Legacy
Create Your Legacy through a Planned Gift
We will not live forever however; with a planned gift we are able to leave a legacy. Your planned gift can leave a legacy of care to people with dementia and their care partners. Charitable gifts help you meet your current philanthropic goals and extend your generosity well into the future. Planned giving is simply planning your gifts as part of your overall financial or estate planning. There are many options for planned giving.
Here are the most common planned gifts:
Donor Advised Fund
A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
Bequest through your Will or Trust
An excellent way for you to support Insight Memory Care Center’s mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you leave a legacy.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Insight Memory Care Center in your estate plan. Here is some basic bequest language to assist you and your attorney.
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Insight Memory Care Center, a nonprofit organization located at 3953 Pender Drive, Suite 100, Fairfax, VA 22030, Federal Tax ID #52-1361974, for Insight Memory Care Center's general use and purpose.
Charitable Gift Annuity
A charitable gift annuity is the easiest and most popular life income gift. It is created as a contract between you and Insight Memory Care Center. You set the terms of the annuity. The American Council on Gift Annuities is a great resource: http://www.acga-web.org/.
There are other planned gifts which can include but are not limited to gifts of securities/stock, charitable IRA rollover gifts, real estate, and the donation of other assets.
Looking for more options?
Do you have an IRA and an RMD each year? Have you heard of a Qualified Charitable Distributions (QCD) from your IRA? Anyone 70.5 years of age or older can give a tax-free Qualified Charitable Distribution (QCD) from a traditional IRA account. Learn More.
For more information contact Robin McGlothin and your financial advisor.