To learn more contact Director of Development, Heather Small, MPA, at hsmall@bonnie-brae.org, 908-647-8803
Gifts of Life Insurance: Using life insurance to make a major gift is a viable option for donors who no longer need policies purchased some years ago. Donors may choose to assign their fully paid policies irrevocably to Bonnie Brae as the beneficiary. Donors realize an immediate tax deduction in the amount of the policy’s current value.
Charitable Remainder Trusts: Charitable trusts are particularly beneficial for those who hold highly appreciated low-yield investments from which a higher return is desired. The donor and/or beneficiary retains the income from donated assets for his/her lifetime, is eligible to take a current tax deduction for a portion of the gift, and eliminates the tax on capital gains from gifted securities or real estate.
Charitable Gift Annuity: A charitable gift annuity provides fixed payments based upon the age of the annuitant(s). Payments to the annuitant(s) can be made annually or more frequently, or they may be deferred for payment in later years. Gift annuities may be funded with cash, securities, or real property. This method of giving also has some of the same tax saving benefits as other life income gifts described above.
Charitable Lead Trusts: With a lead trust, an income-producing asset is placed in a trust. A fixed annual payment is negotiated at the inception of the trust and is donated to Bonnie Brae for a predetermined period of time, after which the asset in the trust and the income it produces are returned to the donor or to the non-charitable beneficiaries the donor has named. Such trusts may allow immediate tax advantages or may reduce the gift tax when the assets are passed to children or grandchildren at the expiration of the trust.
Bequest Intentions: All new bequest intentions received from donors aged 70 and above will be reviewed by Bonnie Brae representatives for 100% Capital Campaign credit per our planned gift valuation policy.
IRA Rollovers: An owner of a traditional or Roth IRA who is 70½ years of age, or older, may instruct their IRA manager to distribute directly to Bonnie Brae up to $100,000. This distribution will be excluded from taxable income and will count toward the mandatory withdrawal amount. The gift must be outright and cannot be rolled over to a planned gift vehicle such as a gift annuity or charitable remainder trust.
