PLANNED GIVING

TRAIL LEGACY FUND

 Planning ahead means you’re in control. SORBA offers a variety of ways to make a lasting impact, from Donor Advised Funds (DAF), to gifts of Stock, Cryptocurrency, and Bequests. Our Board Treasurer and Development Director would be glad to meet with you regarding a Trail Legacy Gift.

Learn more about creating a lasting impact:

Bequest by Will or Living Trust

A charitable bequest can be made in your will or living trust. You identify an organization as the beneficiary of a given amount, a percentage, or the residue of your estate. That organization works with you to ensure your wishes are honored.

IRA, 401(k) or Other Qualified Retirement Plan

Many people have assets in a qualified retirement plan to provide financial security during retirement. A portion of these assets will often remain after passing. If you plan to pass those assets on to anyone but your spouse, they will be subject to taxation equaling as much as 80 cents or more on the dollar! Making a trusted organization the successor beneficiary to your spouse for those remaining assets gives the full dollar value to support your charitable goals, while removing the assets from your estate for tax purposes.

Charitable Gift Annuity

A charitable gift annuity is similar to a CRT, providing a guaranteed income stream to you and your spouse or someone else for the rest of your lives. You transfer the property to a charitable organization and receive a charitable tax deduction for a portion of the transfer. You also avoid capital gains tax and future estate taxes on appreciated gifted property.

Donor-Advised Fund

A donor-advised fund (DAF) can be used to give now, give later or both. A DAF succession plan engages family members within the philanthropic goals set by the donor. You can create your DAF during your lifetime or from your estate later.

Charitable Remainder Trust

A charitable remainder trust (CRT) permits you to make a gift and receive income in return. You can establish a fund with trust assets to support essential charities using a charity. The charity receives the assets at the end of the trust’s term and provides ongoing stewardship of your charitable wishes. This option has additional benefits if you use appreciated assets to fund the trust, as you will not be subject to capital gains taxation. You will also be entitled to an income tax charitable deduction.

Charitable Lead Trust

The charitable lead trust (CLT) is the reverse of the CRT. The trust distributes income to the charity for years or throughout your lifetime, with the assets returning to you or, more typically, to family members. The CLT allows you to make a significant gift to a charity and transfer assets to family members with reduced or no gift and estate taxes.

Life Insurance

Many individuals have a paid-up life insurance policy that has been filed away, perhaps initially intended for children who are now grown or have sufficient assets. Making an organization the owner and beneficiary of such a policy provides an income tax deduction and is a beautiful gift to support essential charities.

Charitable Endowment

Leave property or money in an endowment so the charity does not spend the principal. Instead, the nonprofit grants the endowment income per your instructions. It is helpful to suggest a general purpose for the endowment fund because it will last perpetually, and the original purpose for the gift may not exist in the future.

Contact Us To Plan Today

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Gifts in Honor of a Loved One

Giving in honor of someone only takes a few moments, but makes a lasting impact. Simply click here, and add a note to SORBA letting us know who you are honoring and where we should send an acknowledgement.

Your loved one will be featured in our Annual Impact Report, which we publish at the beginning of each year.

You can make a gift anytime in honor of a friend or family member. Some reasons to give may include

  • In Memory
  • As a Holiday Gift
  • Celebrating a Milestone 
  • A Birthday Gift
  • A Special Way to Say ‘Thanks’

SPONSOR

Own a buisness and are interested in becoming a sponsor?

VOLUNTEER

Give your time to support SORBA or your local chapter.

DONATE

Make a tax deductible donation to support our mission.

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