Your gift helps to support our goal of improving the lives of 40 million older adults by 2030, and you may receive substantial financial benefits and tax savings.
As always, please consult your personal tax, legal, and accounting advisors, as well as family members, to assist you as you create or update your estate plans. For your benefit, we cannot provide or endorse any service professionals, though we are here to support you in determining what you want to accomplish with your philanthropy. Remember, every gift of any size helps.
Because it is indeterminate when planned gifts are realized and NCOA’s programs to meet mission may change over time, we encourage either a gift to a permanently restricted endowment, emergency reserves, or general operating funds.
If you are interested in leaving a legacy to NCOA, there are several philanthropic options.
Through our partnership with FreeWill.com, you can make a will at no cost to you, and choose whether you want to leave part of your legacy to NCOA.
A bequest is the simplest type of planned gift and one of the easiest to implement. A bequest is a gift to NCOA designated through your will or estate plan. Bequests may transfer a specific dollar amount or a percentage of an estate. Sample language for your bequest includes the following:
I bequeath [SPECIFIC DOLLAR AMOUNT] to the National Council on Aging, IRS Employer ID Number (EIN) 13-1932384.
I bequeath [SPECIFIC PERCENTAGE] of my estate to the National Council on Aging, IRS Employer ID Number (EIN) 13-1932384.
Charitable Gift Annuity
A charitable gift annuity is a simple agreement between you and NCOA in which an irrevocable donation of cash, stocks, or appreciated property is made. In return, you receive a lifetime guaranteed income and a charitable deduction for a portion of your gift. The amount remaining at the end of life will then be used to benefit NCOA.
Charitable Remainder Trust
A charitable remainder trust is a gift that turns an appreciated asset of stock or property that may be producing little income into a productive asset, frequently avoiding capital gains on the sale of the asset. Although you donate the asset as a charitable gift, you may continue to use and/or receive income from it during your lifetime. NCOA then receives the principal after a specified time period. You avoid a capital gains tax on the donated asset, and the gift also reduces subsequent estate taxes because it removes the asset from your estate.
Real property includes all gifts of real estate. Donors may contribute their residence, vacation home, commercial property, or undeveloped land. Real property also may include gifts of artwork. Real property can be donated either as a current gift or as part of the planned giving process.
We welcome the opportunity to work with you to structure your gift in a way that is most meaningful to you. For more information, please email Ken Bracht.