We can help you leave a legacy that benefits you, your family, and young people in our community now and for years to come. Your support through a planned gift will ensure that future generations who walk through the Club doors will have opportunities for connection, empowerment, and growth – through comprehensive, impactful programming.
There are several ways you can leave a legacy through planned giving to Boys & Girls Clubs of Metro Denver and enjoy tax and income benefits. Here are some options to consider as you plan ways to make a lasting impact for future generations.
You designate Boys & Girls Clubs of Metro Denver as a beneficiary of your assets by will, trust, or other instrument. Bequests allow you to retain control of your assets during your lifetime. A bequest can be tailored to almost any set of circumstances, and it provides an unlimited deduction for estate tax purposes.
An income-producing gift, such as a gift annuity or charitable remainder trust, enables you to generate a current income tax deduction while providing yourself or a loved one with a secure source of income for life or a period of years. When funded with appreciated assets, it can also help you increase your income while avoiding capital gains taxes.
A lead trust enables you to transfer wealth to family while reducing or eliminating estate and gift taxes. Trust assets are removed from the taxable estate, and growth in value passes tax-free to heirs. You postpone the transfer until heirs are more mature. Payment of trust income to Boys & Girls Clubs of Metro Denver for a term of years creates a charitable legacy with funds that are otherwise destined for the IRS.
A gift of a life insurance policy, or simply naming Boys & Girls Clubs of Metro Denver as a beneficiary of your bank account, allows you to make a major gift for a modest cost. Many donors use insurance gifts to receive a current tax deduction while disposing of an old policy that is no longer needed. Other donors purchase a new policy, donate it to Boys & Girls Clubs, and make an annual gift to cover premiums.
By designating Boys & Girls Clubs of Metro Denver as the beneficiary of all or a percentage of your IRA or any other qualified retirement account such as a 401(k), 403(b) or pension account, you can make a substantial gift while avoiding income and estate taxes that may consume as much as two-thirds of the account balance.
You may receive gift credit and an immediate charitable income tax deduction, typically for the appraised value of your gift. Your charitable deduction equals the full value of your gift as long as it is used to further our charitable mission.
A gift of cash is one of the simplest donations, and it maximizes your charitable deduction while providing immediate benefits to Boys & Girls Clubs of Metro Denver. Gifts of cash include currency, personal checks, crypto currency, money orders, credit cards and wire transfers.