Planned Giving
Planned giving offers valuable estate planning advantages and allows you to create a lasting legacy for the public good. We encourage a range of planned giving options that give you the flexibility to fulfill your wishes for the future and benefit your favorite causes.
We encourage you to work with your estate planning professional or tax advisor to determine the type of gift that is right for you and your family. We can help you prioritize your goals for social impact while achieving the most favorable income tax benefits available. Your planned gift left to Senior Coastsiders will enable us to direct funds toward our most critical needs.
Meeting Your Goals
Bequests
The simplest way to leave a planned gift is to make a bequest including specific language in your will or living trust naming Senior Coastsiders as the recipient of a testamentary gift. Gifts can be cash, securities or personal property. You may contribute a specific dollar amount, a percentage of your estate or the residual of your estate in this manner. Check with your estate planning professional to determine any tax benefits that may accrue to your estate as a result of making a bequest to Senior Coastsiders. Contact us directly for specific assistance with bequests.
Charitable Remainder Trust
By transferring assets to establish a Charitable Remainder Trust, you receive an immediate tax deduction and lifetime income for you or your named beneficiary. You can also reduce or avoid capital gains taxes associated with the gifted asset. When the trust's term is complete, any remaining assets pass to Senior Coastsiders. We accept gifts from standard unitrusts, net income unitrusts, net income with a makeup provision unitrusts and charitable remainder annuity trusts. We also provide the capacity and expertise to act as trustee. Contact us directly for more details.
Charitable Lead Trust
When you create a Charitable Lead Trust, the trust makes regular income-tax-deductible gifts to Senior Coastsiders as the income beneficiary. When the trust terminates, the remaining principal is returned to you or to your family. Contact us directly for more details.
Retirement Plan Donations
You can name Senior Coastsiders as the beneficiary of your retirement funds, such as an IRA, 401k or 403b plans. This is a simple, effective way to benefit the community while avoiding significant, often unanticipated tax penalties. Any remaining retirement fund assets are subject to multiple taxes if left to an individual other than your spouse. Donating retirement accounts can reduce or eliminate these taxes completely and make a significant impact on the community. Contact us directly for more details.
Life Insurance Donations
Among the many ways to donate life insurance, the simplest way is to designate Senior Coastsiders as a beneficiary of the policy. You can also transfer ownership of a paid-up policy, donate insurance policy dividends, or name Senior Coastsiders as designated owner and beneficiary, making annual gifts to Senior Coastsiders in the amount of the annual premium. In this arrangement, the premium would be paid by Senior Coastsiders. Contact us directly for more details.