Legacy giving involves providing for a current or future gift to RVNA through financial and estate planning. Choosing the right gift depends on your personal circumstances and financial goals. Whatever legacy giving option you choose – a simple bequest, a beneficiary designation, a gift of your required minimum distribution from your IRA or 401k, a gift of appreciated assets or a charitable trust – legacy gifts offer you a creative and strategic way to support RVNA far into the future while also providing you with immediate and future tax benefits.
Some of the ways to give include:
Bequests – This is one of the more common types of legacy gifts, as it is designated in your will or trust. This can be a percentage of your estate, a specific dollar amount or the residuary of your estate. A bequest to the RVNA reduces the size of your estate which will reduce or eliminate any estate tax that may be due.
Charitable Trusts – This option can provide an immediate income tax deduction and reduce the size of your estate resulting in less estate tax. A charitable trust can also provide you with an annuity for the duration of your life or continue for the duration of the life of your children. You may wish to combine the annuity with a life insurance policy, creating an easy and tax-free way to replace the wealth that you gave to RVNA.
Gifts of Required Minimum Distribution (RMD) from IRA/401k – By gifting all or part of your annual RMD from your IRA or 401k, you can avoid having the RMD counted as part of your taxable income for that year resulting in what is effectively a 100% tax deduction on the amount of the contribution.
Appreciated Assets (stocks, securities, etc.) – By giving appreciated assets, such as stocks, you eliminate the capital gains tax that you would have paid had you sold the assets, in addition to receive an income tax deduction for the gift.
Assets commonly given to charitable organizations include:
• Life Insurance
• Real Estate
• Retirement Plan Assets
• Required Minimum Distributions
• Appreciated Securities (stocks and bonds)
These various giving options offer you an opportunity to recognize the care RVNA provides today, while helping secure the care we will continue providing into the future. Your gift will allow you to leave a legacy in a way that is unique and most comfortable to you. We encourage you to consult with your trusted advisors to guide you through these various types of gift planning. At your request, RVNA is able to provide you with a list of financial and legal professionals in the community who are knowledgeable in charitable giving.
We appreciate your consideration in supporting the long-term mission of RVNA. If you would like more information about legacy giving options and becoming a member of the 1914 Legacy Society, please contact Alice Meenan, Director of Donor Relations at (475) 215-5267 or Ameenan@ridgefieldvna.org
Make a safe and secure online donation.
Call Alice Meenan, Director of Donor Relations, at (475) 215-5267 to make your donation.
Mail your donation to:
27 Governor Street
Ridgefield, CT 06877
Please make checks payable to RVNA.