Other Ways to Give

Legacy giving, also known as planned giving, refers to the process of making a charitable contribution through a person’s Will or Estate Plan. Legacy giving allows individuals to support causes that are meaningful to them, and often plays a crucial role in sustaining the work of nonprofit organizations. Legacy bequeaths involve individuals deciding to allocate a portion of their assets or estate to a charitable organization before or after their passing. This giving decision allows individuals to leave a lasting impact and support the causes they care about even beyond their lifetime.

Legacy giving can take various forms and should be made after consultation with your attorney or financial advisor.

• Bequests
  

  Designate a specific amount, percentage of an estate, or assets in your Will to be given to a charitable organization. Name a charitable organization as a beneficiary of a life insurance policy, a 401(k), 403(b), IRA, or another retirement plan.

• Securities Giving
  Donate stock, mutual funds, bonds, or other financial assets.

• Charitable Gift Annuities
  

  Donate assets to a charitable organization during the donor’s lifetime.

• Charitable Remainder Trusts
  

  Transfer assets to a trust that pays an income to the donor or their beneficiaries, with the remaining assets going to the charitable organization after a specified period or upon the donor’s passing.

• Endowment Funds
  

  Create an endowment fund to provide ongoing financial support to a charitable cause, with the interest or returns used for the organization’s activities.

• Qualified Charitable Distribution
  A qualified charitable distribution (QCD) is a way to donate a required minimum distribution (RMD) from an IRA to a qualified charity. QCDs are also known as IRA charitable distributions or IRA charitable rollovers. They allow individuals to directly transfer mandatory withdrawals to charity to fulfill their RMD. QCDs don’t increase taxable income, so they can help people avoid higher tax rates and phaseouts.

NOTE: Share the Table requires that certain types of legacy giving, especially real property, personal property, and some securities, be approved by the Share the Table Executive Committee or the Board of Directors prior to acceptance, due to the special liabilities they may pose for the organization.