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Planned Giving is the best way to combine your personal financial objectives with your charitable goals. These gifts are made over time, and have several tax benefits that ensure a legacy of social change. A planned gift to FIRE helps to ensure the future of the services and programs we provide and can further your financial planning goals.
Planned gifts include contributions you make through your will, charitable trust, insurance policy, or retirement plan. Please check with an estate attorney for more information.
Include FIRE in your Will: You can make charitable gifts by naming Flagstaff International Relief Effort, FIRE, as a beneficiary in their wills. The federal government encourages these gifts or bequests by allowing an unlimited estate tax charitable deduction. There are three ways to make a bequest: • Specific Bequest - You designate a specific dollar amount, specific percentage, or specific property to FIRE.
•
Residual Bequest - Your estate will pay all debts, taxes, expenses and
specific bequests. The remaining amount—the residue—will be transferred
to FIRE.
• Contingent Bequest - You can ask that FIRE receive
all or a portion of your estate only under certain circumstances. For
example, you can designate FIRE as a beneficiary of your estate only if
there are no surviving close family members. Childless couples can
provide for the entire estate to go to the surviving spouse, or if the
spouse does not survive, to FIRE. Other ways to give: • Retirement Plan - by naming FIRE as beneficiary of all, or a portion
of, your retirement account assets such as your IRA, 401(k), 403(b), or
other qualified plan.
• Insurance Policy - by naming FIRE as first, second, or as contingent beneficiary of a life insurance policy.
•
Annuity - To establish a gift annuity, a donor contributes funds or
assets to a nonprofit organization and, in return, receives a promise
of income for life. This income amount depends on the donor’s age and
the annuity type. Amounts also vary as interest rates move up and
down. With gift annuities, donors receive a charitable deduction and
lifetime income while providing major gifts to the nonprofit. Finally...
Once
you decide you would like to support FIRE’s work, simply provide your
attorney with FIRE’s address, and tax ID information. The following
language will also be helpful to your lawyer: “I give, devise, and
bequeath to FIRE, Flagstaff International Relief Effort, the sum of
__________ (or otherwise describe the gift or specify a percentage of
the estate).”
If you have named FIRE as a beneficiary of your
will, living trust, life insurance, retirement plan or other estate
plan, we hope that you will let us know. By doing this, you will help
us plan for the future and ensure that your wishes are carried out
after your lifetime. We appreciate your support for FIRE. If you have
remembered FIRE in your estate plans or would like more information
about how to leave a legacy to FIRE please contact us.
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