Acts Legacy Foundation Ways to Give
A gift of cash is the simplest way of giving. A recurring monthly charitable gift can be added to resident maintenance statement. Pledges are accepted and can be paid over a two year period. A pledge often enables a donor to contribute a larger gift if it is spread over a longer period of time.
Gifts of securities of appreciated value provide significant tax advantages to the donor, and make this giving method highly attractive. Money market funds also make excellent gifts.
A gift of a life insurance policy may provide an easy way to make a substantial gift. This is particularly appropriate where the insurance policy is no longer needed in your estate planning. A policy can be assigned to Acts Legacy Foundation whether it is paid up, partially paid up, or is a new policy.
A charitable gift, made by a will, can provide estate tax savings while ensuring that Acts is supported in the future. You can include charitable gifts in the form of specific property (cash, securities, works of art, etc.), a percentage of your estate, or the remainder of your estate. Your attorney can help you plan the most appropriate type of bequest.
In exchange for a gift of cash or securities, Acts Legacy Foundation will pay you a fixed annual amount. The rate of the annuity is based on the age of the annuitant. You will incur no immediate capital gains tax on the transfer, part of the annuity payment will be tax–free, and you will receive an income tax deduction for your gift.
Visit our Gift Calculator to see a personalized illustration of your gift impact.
Individual Retirement Accounts
An IRA Charitable Rollover allows individuals ages 70-1/2 or older to distribute up to $100,000 from their IRA directly to Acts Retirement-Life Communities, Inc. Rather than benefiting from a charitable deduction for such gifts, you do not have to count the gift as taxable income. Such a gift can take place of required minimum distributions, which would otherwise be taxed. You may also name Acts as beneficiary of a portion of your IRA or qualified retirement fund. This can be a percentage or even the entire amount; if you have no heirs, Acts can be designated to receive the leftover funds in a tax-free lump sum.
Many companies are willing to match the charitable donations made by current and retired employees. Please check with your company to find if your gift might be matched.
Charitable Giving Online
You can make a contribution or tribute gift to the Foundation via our secured on-line donation system by visiting Donate to Acts Legacy Foundation.