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.
Charitable Gift Annuity
With a charitable gift annuity, you can make a gift and receive fixed payments for life.
How It Works
- You transfer cash or securities. If you are 70 ½ or older, you can make a one-time, tax-free qualified charitable distribution of up to $53,000 from your IRA to fund a CGA.
- Our minimum gift requirement is $10,000.
- You, yourself and a spouse, or any two beneficiaries you name, will receive fixed payments for life.
- Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
- The remaining balance passes to your favorite Valley charity when the contract ends.
- You can also create a life income gift through your IRA. Discover more here.
Benefits
- Receive dependable payments for yourself or loved ones - see today’s rates.
- Payments never change.
- A portion of your gift is tax-deductible, if you itemize.
- If you create a gift annuity using appreciated stock or mutual fund shares you may also save on capital gains taxes.
- A portion of your annuity payment will be tax-free for a number of years.
