Planned Giving

We THANK YOU for your interest in a planned gift for our local Boys & Girls Club of Story County (BGCSC).

One of the best ways you can provide hope and opportunity for our Story County youth is by ensuring that your Boys & Girls Club will always be available - for our youth of today as well as for generations to come. Making a donation through a planned gift is a great way to create a legacy of support for our youth while often including attractive income and tax advantages for you, the donor. When you make a planned gift to our Boys & Girls Club of Story County, you will:

Potentially increase your income
Provide a way of satisfying your personal and financial goals
Receive substantial tax benefits

We welcome you to become a partner with Boys & Girls Club of Story County by making a planned gift today - you truly will feel the win - win satisfaction.

Estate Planning

For many donors, a gift made through a will or trust is the most realistic way to give a significant gift. Indeed, all bequests to BGCSC that are not directed to a specific program are designated as part of the BGCSC permanent endowment. Those far-sighted gifts continue to provide critical support to all the BGCSC programs to this day.

Property (including money), securities, jewelry, works of art, and real estate, may be given through a will or trust. Through estate planning provisions, a donor may leave BGCSC a specific dollar amount, such as $50,000, or a specific percentage, such as 25 percent, of the estate. Donor's may stipulate whether the bequest is for the general support of BGCSC or for a specific program. A bequest may also be made in honor or memory of another individual. All outright bequests to BGCSC are exempt from federal estate taxes.

Charitable Gift Annuity

A charitable gift annuity is a contract, under which BGCSC, in return for an irrevocable transfer of cash or marketable securities from a donor, agrees to pay a fixed sum of money for a period measured by one or two lives. A charitable gift annuity:

Provides fixed income for life, partly tax free (payments based upon age)
Provides charitable deduction
Reduces capital gains taxes if the basis of the gift exceeds its current value
Reduces estate tax
Requires no setup cost

An acceptable gift is either cash or marketable securities (includes stocks, bonds or mutual funds) and can be designated to BGCSC for endowment or unrestricted program support. The minimum funding amount is $10,000 (no maximum) and the donor is someone at least 60 years of age.

For example, Mrs. Doe, age 75, has $10,000 in a CD that will mature next month. She thinks she can get 4% interest on a new CD. But Mrs. Doe has been thinking about leaving $10,000 in her will to BGCSC, and that leads her to think about an annuity. For a $10,000 gift, Mrs. Doe will receive: an annual income of $710 (7.1% under current suggested rates); $423 of which will be tax free, an income tax charitable deduction of $4,749, and the immediate satisfaction of making a truly significant gift to BGCSC.

BGCSC will work with the Boys & Girls Clubs of America to manage this type of gift. Should you be interested, BGCSC staff will work closely with you and BGCA on arranging specifics.

Charitable Remainder and Lead Trusts

A charitable remainder trust is a personalized life income gift that provides a donor with a lifetime income and a charitable income tax deduction. The donor selects the payout rate, usually between 5 and 7 percent, providing the donor, and the donor's spouse, with an income every year for life. The higher the payout rate, the lower the charitable tax deduction. If the donor funds the trust with appreciated securities, the donor will avoid capital gains taxes. The donor selects the trustee who may invest in almost any investment, including tax-free bonds. Donors may designate the remainder of their trust to benefit any BGCSC program.

There are other trusts, Charitable Lead Trusts, which provide income payments ("lead interest") to BGCSC for a set period of years. At the end of this fixed period the assets in the trust revert to the donor, to family members or to others.

Gifts of Real Estate

You can make a gift of unencumbered commercial or residential real estate to BGCSC and receive substantial benefits. For an outright gift of real estate, the donor receives a charitable income tax deduction based on the fair market value (appraised value) of the property. If you are considering leaving your home to BGCSC through your will, you may wish to consider giving it now but retain the right to live in it during your lifetime. You are still responsible for paying taxes, insurance, and maintenance costs, but you do receive a substantial charitable income tax deduction in the year the gift is made. In some cases, real estate may be used to provide a life income stream through a charitable remainder trust or other gift planning option.

Gifts of Appreciated Property

If you have stocks, bonds, mutual funds or other assets that you have owned for more than one year and that have increased in value since the time of purchase, you may find it advantageous to give them to BGCSC. Your outright gift of long-term, appreciated securities is exempt from capital gains taxes and, if you itemize, you may claim a charitable income tax deduction equal to the full fair market value of the property at the time of transfer. For gifts of property, your gift is fully deductible for up to 30 percent of your adjusted gross income, and like gifts of cash, may be carried forward for up to five years. Appraisal is the responsibility of the donor.

We recommend when ever giving a planned gift to a charity you consult your tax and/or legal counsel to ensure you have received the optimal benefits of you gift.

To arrange a planned gift to support Boys & Girls Club of Story County contact:

Geff Gescheidler, Executive Director
210 South 5th Street
Ames, IA 50010
Phone: 515-233-1872
Email: geffagish@aol.com