Charitable gifts can be made by anyone. A person does not require great wealth to become a philanthropist. One can make a large gift to a favorite charity… just not now. In fact, for middle-class households, a bequest will typically be the largest gift ever made by the family.
Planning for your current and future financial needs is a must. Plan for contingencies in life, kids and grandkids, and long-term health care. Your plans will be flexible and can be changed to meet the unknown. Think about what is left after your lifetime expenses are covered. Have a plan in place to put what is leftover to good use and in service to others. Make a gift to an organization that you have supported, and that has a place in your heart. C.A.R.E. would be honored to be the recipient of your charitable gift.
Estate planning with trusted professionals creates benefits for you as a donor; reduces income, estate and gift taxes, avoids capital gains taxes, puts capital to work, increases cash flow, and provides for diversification of assets. Our goal is to help you as a donor combine your philanthropic planning goals with your personal, trusted advisors to achieve your financial and tax planning objectives.
You can choose your legacy by making a gift that costs you nothing during your lifetime!
Ways to Make a Gift
The members of your donor team are estate planning attorneys, accountants, CPAs, certified financial planners, insurance agents, bankers and family members. They can help you plan the best way to secure your future financial needs for you, your family and how best to shape your legacy as a philanthropist.
Information for Professional Advisors
P.O. Box 510234
Punta Gorda, FL 33951-0234
Business Telephone: 941-639-5499
EIN Number: 59-2435059
C.A.R.E. is a 501 (3)(c) non-profit organization.
Gifts of Cash
Cash is a simple and easy way to make a gift to C.A.R.E. Cash donations may be made online or by sending a check. Potential benefits are:
- Impacts our mission today by providing direct services to victims/survivors
- Provides a charitable tax deduction for the year in which the gift is given
Gifts of Pension Assets
Donating all or a portion of retirement assets such as funds from an IRA, 401(k), 403(b), or pension are ways to make a gift of your unused assets to further our mission. These gift options require your completion of a beneficiary designation form naming C.A.R.E. as the beneficiary of the assets. Potential benefits are:
- Limit or avoid estate tax on retirement assets; up to 60-70% of your retirement assets may be taxed if left to your heirs on your death
- An option for heirs to avoid income taxes on retirement funds accumulated with pre-tax funds
- Potential estate tax savings
Gifts of Stocks and Bonds
Making a gift of appreciated securities, such as stocks and bonds, provides a tax-effective way to make a donation to C.A.R.E. Work with your broker or investment advisor to determine the value of the stock and to complete the transfer of certificates. Potential benefits are:
- Receive a charitable income tax deduction
- Avoid paying capital gains taxes on sales of appreciated stock
Gifts of Insurance
If you have an insurance policy that has outlasted its purpose, consider making a gift of the policy to C.A.R.E. This gift requires a beneficiary designation naming C.A.R.E. as the beneficiary of the policy. Potential benefits are:
- Receive a charitable income tax deduction
- Once the policy matures, the proceeds will be paid to C.A.R.E. as the beneficiary and the funds will be used to further our mission
- C.A.R.E. can cash in the policy and you can see your gift support our work with victims/survivors
Gifts of Real Estate
Appreciated real estate such as home, land or commercial property can make a substantial gift to C.A.R.E. Such gifts require a deed to transfer ownership, and an independent appraisal to establish the property’s fair market value.
More Ways To Make A Gift
Do you want to make a gift to your favorite charity that costs nothing in your lifetime? Make a gift from your will or estate plan. Learn how you can make a gift that provides tax benefits and/or provides life time income by speaking with your trusted attorney or financial advisor.
Take care of your family and your favorite charitable organization through your estate planning discussions with your professional advisors. For example, if you have 3 children and you wish to provide for them, AND wish to leave a legacy gift donation to the charity for which you volunteered and donated throughout your life, consider this plan:
- If you wish to leave one-third of your estate to each child (33 1/3%) just make a simple adjustment.
- Leave each child 30% for a total of 90% of the estate.
- The remaining 10% can be earmarked for the charitable organization that you love and support.
Your legacy gift can be celebrated during your life, and you have the satisfaction of knowing that the organization your supported will be able to continue its mission to benefit future generations.
Wills, Trusts and Estate Plans
You can include language in your will or trust that specifically designates a gift be made to C.A.R.E. as part of your estate plan, in addition to taking care of your family or future health needs. This is a bequest, and it is one of the easiest gifts you can make as part of your legacy.
Once you have your estate plan in place, it can be updated should your circumstances change. In fact, it is a good idea to review your plans every few years to ensure your needs are covered and to make sure your plan continues to reflect your wishes. You have the flexibility you need. Your attorney can help you determine how to make a gift of a specific asset or dollar amount, or a percentage of your estate, or the residual balance of your estate. Potential benefits are:
- An estate tax charitable deduction
- Reduced tax implications for your heirs
- Leave a lasting legacy to your favorite charity