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“One hundred years from now, no one will remember what
house you lived in, what car you drove, maybe not even what you did for a
living. What they will remember is the legacy you left for generations to come.”
You can make a lasting gift to benefit individuals and
families throughout our community through a planned gift to the YWCA of Boulder
County.
With an 80+ year history, you will have peace of mind
knowing the YWCA will serve women, children and their families for both today
and tomorrow.
Your planned gift may be earmarked for our Legacy Fund.
This Fund will:
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Ensure that the YWCA continues to meet the needs in our
community and our mission
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Projects the YWCA against unforeseen economic downturns
and ensure our programs remain strong, even in changing and volatile economic
environments.
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Provides tangible support as the YWCA continues its 80+
year history of quick response to the changing needs of Boulder County
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Provide funds for new programs and special projects as
needs arise.
You can make a gift that will touch the lives of many for
years to come. Also, as you leave money for your family, leaving money to your
favorite charity may save money for your family be decreasing inheritance taxes.
See your financial advisor for the options that best fit your situation.
Here are some ideas to consider:
Gifts of Appreciate Securities
Gifting appreciated securities that you have held/owned for more than one year
offers tax advantages.
Bequests
A bequest is a gift made in your will or living trust. Bequests are free of
federal and state estate taxes.
Here is sample language to consider.
"I give, devise, and bequeath to NAME OF CHARITY/LOCATION, the sum of
$________(or a description of the specific asset), for the benefit of NAME OF
CHARITY and its general purposes."
Specific Bequests are made when a particular item or property is
bequeathed for a designated purpose. Specific bequest language:
"I give, devise, and bequeath to NAME OF CHARITY/LOCATION, the sum of
$_______ (or a description of a specific asset), for the benefit of NAME OF
CHARITY to be used for the following purpose: (state the purpose). If at any
time in the judgment of the trustees of NAME OF CHARITY it is impossible or
impracticable to carry out exactly the designated purpose, they shall
determine an alternative purpose closest to the designated purpose."
Gifts of Life Insurance
Gifts of policies or proceeds you may no longer need offer excellent tax
benefits.
Gifts of Real Estate
Before you sell real estate that would result in a sizable capital gains tax,
consider donating property held more than one year. You avoid the tax and
receive a charitable donation deduction for the full market value of the
property.
Charitable Remainder Trust
These trusts are built with assets you contribute such as securities,
appreciated real estate and cash. Once placed into the trust, these assets can
be sold to avoid capital gains tax and the proceeds will then be reinvested to
produce a higher yield or income stream for the donor.
Make a Lasting Gift
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Seek out a professional. A face-to-face meeting
with a good estate-planning attorney can ensure everything is done correctly
according to your wishes.
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Keep your documents current. An outdated will
could create more problems than it solves. Review it every year.
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Let someone else know. Be sure to keep your will
in a safe place and let your loved ones know where to find it.
Important Information Regarding
Tax-Free IRA Distributions until 12/31/07
- If you are over the age of 70 1/2 with an Individual Retirement Account,
you can exclude from your taxable gross income a distribution from your IRA of
up to $100,000 to a qualified public charity, like the YWCA.
Read the attached article to learn more.
For more information or to receive an information packet on
planned giving, call
Leanne Fisher (303) 443-0419 ext. 103 or
leanne@ywcaboulder.org
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