Making a Planned Gift is Easier Than You Think. You Can Help Build a Better and Stronger Valley.
It’s your plan… it’s your legacy!
- Leave a gift in your will or trust
- Designate a nonprofit as a beneficiary of a portion of your IRA or other financial accounts
- Give life insurance you no longer need
- Give appreciated stock and save on taxes
- Consider a gift of real estate
- Donate your IRA required minimum distribution directly to a nonprofit and avoid taxes.*
Speak with your trusted professional financial advisor or call (203) 751-9162 to explore which planned-giving option is best for you.
*Must be 70½ years or older.
Gifts of Life Insurance
Policies that are no longer needed to protect your family from financial burdens of your passing can be used to fund your charitable plans by designating one or more of your favorite charities as the beneficiary. You may be able to transfer ownership of a policy with cash value to the charity and receive a charitable deduction. The charity will receive the face value of the policy upon your death.
How It Works
- You transfer ownership of a paid-up life insurance policy to your favorite charity.
- Your favorite charity elects to cash in the policy now or holds it for your lifetime.
- Consider designating and donating. It's simple.
Benefits
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction equal to the cash surrender value of the policy.
