The Heritage Club

What if you could support Boys & Girls Clubs of the Bay & Lakes Region while also making your own retirement more financially secure? It is possible with a gift that can pay you income for life, reduce your tax burden and help kids in our communities. It’s really quite simple.

Gift Annuities
Transfer cash or appreciated property to Boys & Girls Clubs of the Bay & Lakes Region and receive fixed income payments for life, receive immediate charitable deduction and avoid capital gains tax on sale of appreciated property. A gift annuity is available through Boys & Girls Clubs of America and requires a minimum gift of $10,000. You must be at least 60 years old.

Charitable Remainder Trusts
Transfer appreciated property to an irrevocable trust and receive an immediate charitable tax deduction, avoid current capital gains taxes on long-term appreciated property and regular payments through your life. Upon death remaining assets in the trust transfer to charity.

Charitable Lead Trusts
Transfer appreciated property to your family for the future through an irrevocable charitable trust. You designate the trust to exist for a specific number of years or until death. Charity receives an annual contribution and at the end of the term or death, the assets will pass on to family or friends as beneficiaries. Careful planning makes it possible to reduce – or eliminate- taxes normally due to transfer of wealth to loved ones.

For more details, we can offer additional resources (such as videos and gift calculators) through Boys & Girls Clubs of America.

NOTE: Boys & Girls Clubs of the Bay & Lakes Region does not provide tax, legal or accounting advice. The above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.