Planned Giving
Planned giving (also known as legacy giving) is a way to make a gift that contributes to the long-term financial strength and ongoing quality of the healthcare we provide at Alice Peck Day. We can help you and your attorney or financial advisor design a plan that preserves your commitment to your family while also fulfilling your desire to support APD.
To receive more information about giving or to discuss making a legacy gift, please contact Melanie Moore, Associate Vice President Philanthropy and Community Relations, at (603) 448-7429.
The following list provides a short guide to the most popular planned gift options:
Charitable Bequest
A bequest is one of the simplest ways to remember those you care about most and is fully deductible for federal estate tax purposes. You may specify an amount or a percentage of your estate through a simple codicil to your will. For example: “I give/bequest the sum of $ (or portion of remainder of my estate) to Alice Peck Day Systems, Inc.”
Charitable Gift Annuity
The concept of the charitable gift annuity in America dates back to the 1870s, when a parishioner first donated a valuable asset to a church in exchange for a flow of income. Today, the concept includes valuable tax benefits for donors in exchange for a gift of cash or marketable securities.
Effective January 1, 2012, the suggested rates from the American Council on Gift Annuities will decrease because of current economic conditions. Therefore, if you are considering this type of charitable gift to APD, you can receive higher lifetime payments if you make your gift before Jan. 1, 2012. Learn more.
Charitable Lead Trust
If your goal is to provide an inheritance for your children, but you would also like to make a significant charitable gift through your estate, a charitable lead trust can help you satisfy both objectives. Investment income from the CLT is distributed to APD first; the principal passes to the children, grandchildren, or other loved ones with reduced gift or estate taxes.
Charitable Remainder Trust
What are your plans for the future? While there is no single way to achieve all of your personal and financial goals, this is one strategy that can meet many of your needs. A charitable remainder trust can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide very important support.
Real Estate and Property Gifts
If you own property that is fully paid off and has appreciated in value, an outright gift may be the simplest solution. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm now and keep the right to use the property for your lifetime and that of your spouse. If the property has appreciated, you or your family would avoid the capital gains tax and receive a charitable deduction for the full fair market value of the property.
Gifts of Life Insurance
There are a variety of ways you can make a gift of a life insurance policy. You can donate the policy to APD or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary. A gift of life insurance can provide a significant charitable deduction.
Gifts of Retirement Plan Assets
Did you know that nearly half of your retirement plan assets can be eaten away by taxes at your death? By donating retirement assets, those funds avoid both estate and IRD (Income in Respect of a Decedent) taxes, and you can be certain that 100 percent of the balance of your retirement funds will support your philanthropic objectives.