PLANNED GIVING

You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming Father Joe’s Villages as a beneficiary of a retirement plan or life insurance policy. The amount left to the Father Joe’s Villages can be expressed as a dollar amount or as a percentage of the assets to be given. The following language may help you and your attorney meet your needs when drafting your will or living trust. Unrestricted Bequest “I, [name], of [city, state, ZIP], give, devise and bequeath to Father Joe’s Villages [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.” Restricted Bequest (For a specific program) “I, [name], of [city, state, ZIP], give, devise and bequeath to Father Joe’s Villages [written amount or percentage of the estate or description of property] for its charitable purposes and with a preference for use at [name of school, unit or program].”

A life income gift allows you to give assets to Father Joe’s Villages while receiving income for a period of time before Father Joe’s Villages is permitted to use your gift. For a Charitable Gift Annuity, in exchange for an outright gift, Father Joe’s Villages agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.

A life income gift allows you to give assets to Father Joe’s Villages while receiving income for a period of time before Father Joe’s Villages is permitted to use your gift. A charitable remainder trust is a trust that provides for a specified distribution, at least annually, to one or more beneficiaries, at least one of which is not a charity. The distribution must be paid at least annually for life or for a term of years, with an irrevocable remainder interest to be held for the benefit of, or paid over to, Father Joe’s Villages and/or additional qualified charities.

For a Charitable Lead Trust, you establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a determined term of years. At the end of the term, the remainder of the trust assets go to Father Joe’s Villages for designated unrestricted or restricted purposes.

A donor advised fund allows you to make a tax-deductible gift to Father Joe’s Villages to establish a fund today. Later you will be able to advise Father Joe’s Villages on how you would like the gift to be used.

You can make Father Joe’s Villages the beneficiary of a life insurance policy, and your estate will receive a charitable deduction from estate taxes for that gift.

Your broker can assist you in making a gift of stock via a direct transfer to Father Joe’s Villages. Giving a gift of publicly-traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction is equal to the fair market value of the stock and you avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.

Contact a Gift Officer at stocks@neighbor.org or 619-446-2112. We will provide the information you need to make your transfer and issue a tax deduction receipt. Learn more here >>

Real estate can be given outright, through an estate or to fund some life income gifts such as the charitable remainder unitrust. You receive a current income tax charitable deduction for a portion of the property’s value.

A retirement plan can be a tax-efficient and simple way to give to Father Joe’s Villages through your estate plan. You can name Father Joe’s Villages as a beneficiary on your plan’s beneficiary designation form. Most retirement plans (other than Roth IRAs) are subject to income taxes and sometimes estate taxes if left to an individual beneficiary. However, a charity beneficiary does not pay income or estate taxes on the distribution. You may also be able to make a gift to charity with a distribution from your Individual Retirement Account (IRA), and take advantage of tax savings. Americans over the age of 70½ can distribute up to $100,000 in a calendar year from an IRA to Father Joe’s Villages, tax-free. This distribution is beneficial to IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes. Please speak to your financial advisor and our Planned Giving Officer to learn more.