Would you like to make a generous gift to a cause you care about without using any of your current income? It is possible with a planned gift.

            A planned gift allows you to make a gift later if you are not able to give one now, or you can make a final gift after a lifetime of giving. To leave a legacy, you must first find the right strategy for you.

            A bequest in your will to the Neighborhood Boys & Girls Club is an easy way to make a difference without affecting your current cash flow. You can leave a specific dollar amount or a percentage of your estate. You may also bequeath property or specific assets. Adding a bequest to your will is easy—have your estate planning attorney contact us for our formal bequest language—and it can easily be amended or changed. 

            In many cases, legacy gifts keep giving past your lifetime. For example, an endowed gift provides permanent support by using only a small fraction of the fund you established while the majority of the fund remains invested for the future. Focusing on methods of giving that endure and choosing an organization, cause or program that is close to your heart enable you to preserve your values for future generations. 

            One final strategy is leverage. A life income gift allows you to make a gift in trust; in return, you receive an annual amount for life. This type of plan provides you with needed retirement income, and the remainder leaves a legacy for tomorrow.

            Call Bill Abplanalp at the NBGC today to talk about designing a legacy—large or small—that will represent your enduring values. There is no obligation, and any information you provide will be kept confidential.

 
What to Consider:

• How much can you afford to give? Consider your total assets, current and future income, financial needs during retirement, the financial needs of your dependents, and your estate plan.
• Do you want your gift to take effect during your lifetime or after your death?
• Do you want to make an outright gift, or should you or your family retain some interest in the gift through a gift annuity, pooled income fund, trust or other arrangement?
• What kind of gift do you wish to donate? Cash? Real estate? Marketable securities? Life insurance?
• What are the income, gift and estate tax consequences for you and your heirs?
• Do you have an experienced, trusted attorney or other advisor who can help you with your estate planning and planned giving arrangements?

If you are interested in finding out more about the benefits associated with making a planned gift, please contact your tax advisor or financial planner, or give Bill Abplanalp a call at (773)463-4161 or email BillNBGC@nbgc.org All information related to your planned gift will be kept confidential.

Become a partner with the Neighborhood Boys & Girls Club by making a planned gift today - it truly is a win-win situation and you'll be helping us build “Better Men and Women.”