Planned Giving
Planned Giving
Continue Your Legacy By Funding Our Mission
One of the major benefits of planned gifts is that they promise future funding for Friends in Action and a continuing legacy for you! There are many ways to give a planned gift. Explore some of the options below to see which ones might be right for you!
Charitable Gift Annuity
Many seniors make a substantial gift to FIA that provides a generous fixed annuity for life that also comes with helpful tax benefits! Using appreciated stock for this gift also avoids the impact of capital gains tax. You may make a gift of $10,000 or more with cash or appreciated stocks—part of which is tax-deductible—and receive fixed annuity payments for life or for an agreed term. The remainder of your gift goes to support the work of FIA at the end of the annuitant(s) lifetime or at the end of the agreed term. Payment rates will vary depending on the number of annuitants, the age of the annuitants, the gift date, and the date when payments begin. You may receive payments on an annual, semi-annual, quarterly, or monthly basis.
Charitable Trust
Give to FIA through a remainder trust, in which FIA receives all remaining assets after a specified length of time. Or set up a lead trust, in which FIA receives an income stream for a set number of years, after which the remainder goes to other designated beneficiaries. Setting up a charitable trust is a simple, straightforward way to donate assets to FIA while retaining many of the benefits you gain by holding those assets during your lifetime. You can provide income for a set time period (typically a max of 20 years while the remaining assets automatically go to FIA). This removes assets from your estate to reduce your tax liabilities while diversifying your portfolio and helping you to avoid capital gains taxes.
Endowments
Endowments are funds that FIA sets aside in investments where they accrue value to ensure the long-term financial stability of the organization. An organization with an endowment to rely on is better prepared to weather economic, social, and political shifts. This way operational and developmental initiatives are supported not just for one year or even one generation, but are provided for indefinitely through annual distributions to undergird core processes and expanding impacts. Choose where you’d like your investment to be applied: operational costs, research and development of new fields, or specific project giving. Investing in an FIA endowment ensures the long-term success of our ministries and creates a lasting legacy that speaks of your heart and values.
IRA Beneficiaries
IRA Conversions
Donors possessing traditional Individual Retirement Accounts (IRS) may wish to convert them to Roth IRAs, which offer significant tax benefits. Conversions come with tax liabilities which can be offset through an itemized charitable deduction to FIA!
IRA Required Minimum Distribution
Make A Will
Portfolio Rebalancing
Retirement Account
Tax-Loss Harvesting
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting, or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor, or another qualified professional. Friends in Action makes no representations or warranties as to the accuracy or timeliness of the information contained herein.