To speak with someone about Planned Giving, contact our Development and Communications staff at 503-595-2001 or at firstname.lastname@example.org
There is also detailed information on the various options for legacy giving on Volunteers of America's national site.
Take Advantage of the 2013 IRA Rollover
The Charitable IRA Rollover Gift is available this year. However, the opportunity for this year ends December 31, 2013. Act now to take advantage of this tax-smart gift.
If you are 70 and 1/2 or older, you can donate up to $100,000 a year directly from your Individual Retirement Account to Volunteers of America Oregon and receive the equivalent of a 100% income tax charitable contribution deduction.
Both Traditional and Roth IRAs may be used to make the gift. The Charitable IRA Rollover Gift must be made directly by the IRA custodian to Volunteers of America Oregon. The gift is a completely tax-free transfer. The gift amount is not included in the donor’s income, and the donor receives no income tax charitable contribution deduction for the gift. The completely tax-free transfer provides the equivalent of a 100% income tax charitable deduction for the gift.
If you have not already received your required minimum distribution, you may direct it to the Volunteers of America Oregon and thereby reduce your taxable income.
How Do I Leave a Legacy?
Planned charitable gifts made as part of your estate planning are a lasting expression of your life and wishes. It is your personal legacy for the future, a legacy that continues providing for the concerns closest to your heart, in perpetuity.
Planned giving assures that your wishes for the distribution of your assets will be carried out responsibly, sensitively, and in a timely manner. There are many planned giving options:
One of the simplest means of planned giving is to provide a bequest to Volunteers of America Oregon in your will. You can name us as the direct beneficiary of assets, a portion or percentage of your estate, or what remains of your estate after your other obligations have been met. You should contact an attorney for assistance in drafting your will. In addition, you may find below suggested language for including Equity in your will.
Life Insurance Policies:
You can designate Volunteers of America Oregon as the sole or partial beneficiary of your life insurance policy; donate a fully paid policy and qualify for a tax deduction; or name us as the owner and beneficiary of the policy and take an income tax deduction for the approximate value of the policy at the time of transfer.
You can specify Volunteers of America Oregon as a beneficiary of your pension, IRA, Keough, SPE, or other plan.
You can take advantage of creative and versatile living trusts to provide assets to us while retaining full use and benefit of those assets during your lifetime. For example, cash, securities, or real estate can be placed into a charitable remainder trust, which pays annual income to you and/or your loved one for life, then benefits Volunteers of America Oregon at your death. Such an option can offer attractive tax incentives.
You could enjoy a substantial tax advantage by making a gift of property such as real estate, stocks, or bonds.
Acknowledgement of Your Contribution
If you have named Volunteers of America Oregon in your will, as the beneficiary of an annuity, life insurance policy, or trust, please let us know so that we can include you in the Ballington and Maude Booth Legacy Society.