Make a plan and magnify your impact
Planned giving is a way you can make charitable gifts during or after your lifetime while still enjoying financial benefits for yourself now. Planned gifts include donations made through your will, gifts of life insurance, and other financial gifts from estate planning. A planned gift can help you accomplish your financial and philanthropic goals, provide you with enhanced tax benefits and allows you to invest in the future you want to help create.
For all types of planned gifts, you should consult your tax and estate professionals for legal and financial advice. Here are some common types of planned giving you may consider:
Bequest by will: A legacy of giving
When making your estate plans, you can include a charitable bequest in your will as a simple way to make a long-term gift to Ipas and the global reproductive health community. You can leave a bequest to Ipas by adding to an existing will or drafting a new one. Make a gift of a stated dollar amount, certain property, a percentage of your estate, or the remainder after distributions to other beneficiaries. In doing so you leave a legacy to Ipas, yet also preserve and enjoy assets you might need during your lifetime. Plus, the assets distributed to Ipas can reduce or eliminate your estate taxes.
Life insurance: A simple way to give a significant gift
Giving through life insurance is one of the simplest ways to make a significant contribution to Ipas and establish your legacy of giving. There are two approaches: You can designate Ipas as the primary or secondary beneficiary of either 100% or a percentage of the proceeds from the policy. Or you can transfer to Ipas ownership of the policy—either paid in full or for which you continue making premium payments. The transfer of the policy is a gift for which you may take a charitable tax deduction now. Each continued payment of premiums is considered a charitable contribution, deductible to the full extent of the law. Note: The deduction is limited to the cash surrender value of the policy at time of transfer.
Stocks, IRAs, trusts: Other closely held interests
You may also consider planning a gift of the following (minimums and/or restrictions may apply):
- Publicly-traded stock
- Gifts from retirement plans
- Charitable gift annuity program
- Charitable remainder trust
- Charitable lead trust