A planned gift is a gift that comes from sources other than current expendable income and is based on total assets. It is generally part of a total estate plan and may take effect during the donor’s life or after death.
You can help ensure the future of our programs by making a planned gift to the Club. These types of gifts can provide you with substantial tax savings and deductions and, at the same time, make an everlasting impact on the future of the Boys & Girls Clubs of Durham and Orange Counties. The planned giving information listed here highlights basic elements. Because every person’s financial and charitable objectives differ, a plan should be customized to meet your specific needs. Explore your planned giving options by working with a qualified attorney, certified financial planner, or other professional financial planner.
How to Make a Planned Gift
Remember, legal documents should be prepared by an attorney. Please use our legal name, the Boys & Girls Clubs of Durham and Orange Counties when planning a gift to us. A request for information is not considered an obligation to the Boys & Girls Clubs of Durham and Orange Counties. All communication will be held in strict confidence.
If you are interested in making a planned gift to the Boys & Girls Clubs of Durham and Orange Counties, please contact:
Jerome Levisy, Executive Director
Boys & Girls Clubs of Durham and Orange Counties
1010 Martin Luther King Jr. Parkway, Suit 300
Durham, NC 27713
(919) 687-4517 ext. 20
Other Forms of Planned Giving
There are many other ways to make a planned gift. These include:
Due to tax considerations, donors can often give more at no greater cost to themselves, by giving securities (stocks, bonds, etc.). Mutual fund shares can also be given with the same beneficial effect.
Bank Account or Certificate of Deposit
When you open a bank account or set up a CD, you can name the Boys & Girls Clubs of Durham and Orange Counties as a beneficiary. Your banking institution can provide a beneficiary designation form.
You may name the Boys & Girls Clubs of Durham and Orange Counties as the direct beneficiary of all or part of your life insurance policy, or as a co-beneficiary or contingent beneficiary. You may also donate your paid-up life insurance policy to the Boys & Girls Clubs of Durham and Orange Counties, or name us as a beneficiary of an annuity.
You may make a gift of real estate to the Boys & Girls Clubs of Durham and Orange Counties. The property is assessed at its full market value at the time it is given to the charity, and tax deductions are calculated based on property and interest value formulas.
You may designate the Boys & Girls Clubs of Durham and Orange Counties as the final beneficiary of a company pension or profit-sharing plan of a private fund (for example, an IRA or Keough), saving your estate both income and estate taxes.
Life Income Funds
It may be possible to plan a substantial gift to take effect later while receiving periodic payments of income from the assets that will eventually come to the Club. Charitable remainder trusts and pooled income funds are examples of these planned gifts.
These types of gifts can be made during your lifetime or planned for in your will. Due to the complexity of these giving mechanisms, we recommend consulting an attorney or qualified estate planner to determine the approach that best meets your needs and intent. Call Jerome Levisy, our Executive Director, at (919) 687-4517, ext. 20 to talk about making such a gift.