Legacy Legacy Legacy Volume VII Issue IV It is Better to Give and to Receive There’s no better way to give and receive than to make a gift to your Boys & Girls Club at this time of year. As we unwrap gifts and wrap up another year, this is the time when we think most of others. The familiar saying reminds us it is “better to give than to receive,” and in our opinion, it is better. The good news is there are ways to give and receive. As the year winds to a close, take time to make sure you have given to yourself by giving to others. Remember, the remaining weeks of the year give you a final opportunity to balance your income and giving for the 2010 tax year. When you give a gift to your Boys & Girls Club, you receive an income tax deduction for that donation. Even if your income is less this year than it was last year, you may still want to offset your income with a tax deductible contribution. With all the ups and downs of the stock market and other economic news in 2010, perhaps you have waited to make your charitable contributions. Now is the time. A gift at the end of the year counts as much as a donation at any other time of the year. When you give to your Boys & Girls Club, your gift will go a long way toward helping the children in your community. This holiday season, take a moment and consider the gifts you would like to make, then make them happen.
Transcript
LegacyLegacyLegacyVolume VII Issue IV
It is Better to Give and to Receive
There’s no better way to give and receive than to make a gift to your Boys & Girls Club at this time of year.
As we unwrap gifts and wrap up another year, this is the time when we think most of others. The familiar saying reminds us it is “better to give than to receive,” and in our opinion, it is better. The good news is there are ways to give and receive. As the year winds to a close, take time to make sure you have given to yourself by giving to others.
Remember, the remaining weeks of the year give you a final opportunity to balance your income and giving for the 2010 tax year. When you give a gift to your Boys & Girls Club, you receive an income tax deduction for that donation. Even if your income is less this year than it was last year, you may still want to offset your income with a tax deductible contribution.
With all the ups and downs of the stock market and other economic news in 2010, perhaps you have waited
to make your charitable contributions. Now is the time. A gift at the end of the year counts as much as a donation at any other time of the year.
When you give to your Boys & Girls Club, your gift will go a long way toward helping the children in your community. This holiday season, take a moment and consider the gifts you would like to make, then make them happen.
Live Beyond Your Years. Live and Give Within Your Means.We often neglect the important things in life, like preparing a will or estate plan. Statistics suggest more than half of all American adults do not have a will or any type of formal estate plan. This is as true for multi-millionaires as it is for those who are not. An estate plan costs so little to make, there is really no reason not to have one.
One of the best motivators for making a will is a desire to help the ones you love.
With just a few words, you can take care of your family, your friends and the causes that are important to you. By doing this, you ensure a legacy so your passion for good work continues well beyond your lifetime.
This year has been an especially difficult one for many of us. Perhaps you are among those who have not given to your favorite causes as much
as you would have liked. A will is an excellent way to contribute without giving anything away today! By including your Boys & Girls Club in your will, you can make an excellent gift knowing that you can live your life without sacrificing anything.
If you have already included the Club in your will or are considering writing or rewriting your plans now, please let us know. We wish to thank you for your decision and let you know how much we appreciate you. You don’t have to give us the details, but we can help you ensure your wording makes it possible for your wishes to be followed. As the year ends and a new one begins, use this time to make sure you have secured your legacy for your family, friends and for yourself. Call or click for more information.
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More than half of all adults in our country have no will. If you die without a will, the state where you live will execute a will for you. The drawback is their plan may not be the one you would choose.
Don’t Let the Sun Set on this Golden Opportunity. When the year ends, so does your opportunity to take advantage of lower tax rates. The tax cuts that were passed a few years ago end with 2010. As these tax breaks “sunset,” tax rates are rising on the 2011 horizon.
On a practical level, this means that it will be more expensive for you to sell stock in the new year. Even if your assets have gone up and down in value in 2010, they are probably still worth more than you paid for them. That means the coming tax increase is something you should consider in your planning.
If you are concerned about paying higher taxes on the sale of your appreciated property, then consider using your stocks and other appreciated assets to fund a charitable remainder trust or charitable gift annuity before the year ends. The charitable remainder trust bypasses capital gains and gives you tax-advantaged income for life or for a term of years.
The gift annuity avoids some capital gains and spreads the remainder over the rest of your life. Either way, you
are taking control of your assets and your future by not letting the tax increase simply happen to you.
We often help people like you make smart decisions with their assets. We can work with you and your advisor to make sure your needs are met in addition to minimizing your taxes and achieving your goals. With minimal planning, you can take advantage of this year’s lower rates, and avoid the coming increase. Then, as the new year begins, you can celebrate knowing your financial future was made better by your proactive decisions. Call or click for more information.
Even if your stock is worth less than what it was two years or ten years ago, if it is worth more than what you paid for it, then you should consider the coming tax increase.
Do you want to make a gift that keeps on giving? Consider one that provides income to you for years to come:
1. A charitable gift annuity with fixed payment rates as high as 9.5%.
2. A charitable remainder unitrust where you set the payment rate and have more control.
GiftStock or Cash Gift Annuity
Donor
GiftStock or Cash Unitrust
Donor
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Free Information on Wills and TrustsPlease send me your free information on the following topic(s):
Guide to Wills and Trusts
Charitable Gift Annuity
I am pleased to say that I have already included
my Boys & Girls Club in my estate plans in the
following manner: ________________________
Please have a Boys & Girls Club representative
contact me.
Name ______________________________________
Address ____________________________________
City ______________ State ______ Zip ________
Daytime Phone ____________ Birth Date ________
E-mail _____________________________________
Help your Club while helping yourself. Join The Heritage Club! Supporters who designate any of the gifts described in this newsletter can become members of The Heritage Club simply by contacting our office. What is The Heritage Club? It is an association of friends from all across the country who have made the ultimate gift of including Boys & Girls Clubs in their will or estate plan. Heritage Club members are committed to ensuring that the future needs of our nation’s youth are met. This planning might include a will, a charitable gift annuity, a trust arrangement, a real estate gift or a life insurance policy.
When you join The Heritage Club, your Boys & Girls Club will thank you by providing you with a lapel pin that indicates your leadership in the mission to guarantee a strong and stable future for our nation’s youth.
