Planned Giving
Choose to leave a legacy with Clarity.
What is a planned gift?
A planned gift, also referred to as a legacy gift, allows you to contribute a major gift to an organization at a future time. The major gift can be made as a part of your financial or estate plans. Planned gifts are usually larger because they aren’t dependent on your regular income. They may take the form of life insurance or other noncash items such as appreciated stock, real estate, or equity.
Planned giving is not limited by your current wealth.
Unlike the value of a one-time or cash donation, planned giving will help you to give a gift in an amount that is beyond what you ordinarily give.
Because of their size, planned gifts have the potential to help sustain organizations’ budgets and futures. Successful planned giving programs will enable nonprofits to generate significant gifts from donors who may not be able to give sizable amounts of cash right away.
Why Does it Matter?
Each person has their own reasons for wanting to give. It is important to understand what really matters to you. What are your values, interests, goals, and motivations for giving? What do you want to accomplish? What is the legacy that you want to leave behind?
What’s Your Why?
A planned gift will help you to fulfill your why and the reason you give. It will also provide you with a meaningful way to help sustain an organization or continue to promote a cause you’re passionate about beyond your lifetime.
What’s The Legacy You Want To Leave Behind?
A planned gift can help you to leave behind a powerful legacy and be remembered for your generosity and commitment to a cause or organization long after your passing. It is one way to for you to create a lifetime impact with the people you know and love. Your giving can influence others to act charitably and create their own legacies of giving.
How Can You Give?
Your Legacy Matters.
How you choose to create your legacy is entirely up to you, but all planned gifts originate with a conversation.
Talk to the nonprofit organization that you wish to give to and speak with your lawyer or financial advisor.
Creating a planned gift is a more formal process than making a one-time gift, and there are many tax and legal considerations to consider. However, the easiest and most popular way to give a planned gift is by leaving a bequest in your will.
There are several vehicles and tools that are commonly used to transfer assets. Wills, bequests, and life insurance are some of the most common vehicles used. Here’s how they differ from one another:
Wills and Bequests
- The simplest planned gift to initiate.
- The most familiar planned gift concept.
- Allows you to pledge your donation without relinquishing assets until they are no longer needed.
- A will is a revocable gift.
Check out the video below for more information on incorporating Clarity into your will!
Life Insurance Policy
- Policies may be contributed to a charitable organization as a planned gift.
- You make the gift, and the charity will collect the death benefit at a later date.
- When an existing policy is contributed, the donor may claim an income tax deduction equal to the cash value of the policy.
- Whether the policy is an existing one or is new, the annual premiums are a deductible charitable gift.
How Can You Benefit From Making a Planned Gift?
If you are selling property, real estate, security assets, or a business entity, a planned gift can help you:
- Reduce taxable income, avoid capital gains, and increase tax deductions.
- If you are currently in a high taxable income situation but may not be in future years due to retirement or another unusual event.
- Increase your cash flow over your lifetime.
If your goal is to maximize income tax savings, a plan gift can help you:
- Avoid capital gains through the gift of appreciated assets.
- Increase current income tax deductions.
- Increase income streams.
- Make the most of state tax credits.
If your goal is to maximize state tax savings, a plan gift can help you:
- Move assets from a taxable estate and replace them in a non-estate taxable trust.
If your goal is to secure the gift from creditors and predators, a planned gift can help you:
- Ensure that your gift will be protected and secured.
Making a Planned Gift to Clarity
Leaving a Legacy
What will you leave as your legacy?
When you consider the legacy you wish to leave, please consider including Clarity to be a part of your lasting story. When you make a planned gift to Clarity, you will help to uphold a culture where every human life is valued and celebrated as a gift from God. You’ll be a part of affirming life now and for generations to come. For more information regarding planned giving, or if you have already included Clarity in your estate plans, please contact:
Eric Allen, Clarity CEO
812.378.4114
Because You Matter. And Because We Care.
Donor Advised Funds
Many DAFs sit idle, even though the charities you care about could put those funds to work right now. If you have a DAF, this is the perfect time to make an impact. Learn how to access and use your DAF by clicking the button below.
Consider Noncash Giving
If you would like assistance with facilitating gifts of property or stock, more information regarding planned giving, or if you have already included Clarity in your estate plans, please contact Eric Allen at ceo@claritycares.org or by phone at 812.378.4114
IMPORTANT INFORMATION
Mailing Address: Clarity General Offices, P.O. Box 2215, Columbus, IN 47201
Clarity’s Federal Tax Number: 35-1691347