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The Family Life Center Planned Giving Program helps to ensure our long-term ability to provide services for victims of Domestic Violence and Sexual Assault in our community, while also providing the opportunity for donors to leave a lasting legacy and continue to help victims for years to come.
All donors who have made, or plan to make, a planned gift will be included in our donor recognition materials.
If the donor wishes to remain anonymous, please contact Tammy Sanner at (386) 437-7747 x403 or via email at email@example.com.
Qualified Charitable Distributions
A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. As a result, donors may avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions, though there are some other limitations.
Qualified charitable distributions are made directly to the eligible charity from a traditional IRA, inherited IRA, inactive Simplified Employee Pension (SEP) plan and inactive Savings Incentive Match Plan for Employees (SIMPLE) IRAs. (Inactive SEP and SIMPLE IRAs are accounts that no longer receive employer contributions.)
An individual donor can contribute up to $100,000 per year in QCDs, as long as that individual is 70½ years old or older. For married couples, each spouse can make QCDs up to the $100,000 limit for a potential total of $200,000.
The $100,000 per person limit applies to the sum of all QCDs taken from all IRAs in a year. A donor can make one large contribution or several smaller contributions over the course of the calendar year. Remember that QCDs can be made from any or more than one of the IRA types (traditional, inherited, inactive SEP and inactive SIMPLE IRAs) noted above.
State tax rules on QCDs vary, and other limitations may apply, so donors using charitable distributions should consult their financial and tax advisors for more information and to understand the impact on tax liabilities.
Visit www.irs.gov for more information about charitable contribution deductions.
Choosing the right planned gift depends on your personal circumstances and financial goals, but one of the easiest way to leave a legacy gift is through a charitable bequest. You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Family Life Center as a beneficiary of a life insurance policy.
Types of Bequests
Benefits of a Bequest
Your attorney can help you include a bequest in your estate plan. Below we have provided some basic bequest language to assist you and your attorney.
Please contact us if you have any questions about how to make a bequest or a Qualified Charitable Distribution to the Family Life Center or to request any additional information that might be helpful to you and your attorney as you consider making a bequest or distribution to us.
If you have given a Qualified Charitable Distribution or have included a bequest for Family Life Center in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.