There are many ways you can make an ongoing impact through a legacy gift. Here are a few options to consider.
The easiest and most well-known type of planned gift is a charitable bequest; simply put, this means leaving a charity in your will. You can instruct your attorney to add a charitable bequest for the Arab Community Center for Economic and Social Services (ACCESS) to your estate plan for:
View an example of easy-to-use charitable bequest language.
You can designate ACCESS to receive part or all of what remains of your retirement plan after your death. Transferring a retirement plan can be a very tax-efficient way of making a gift. For example, while your heirs may receive as little as 30 percent of a retirement plan from a large estate after estate tax and income tax, ACCESS will receive all of it tax free.
You can designate ACCESS to receive all or part of the proceeds from your life insurance policy. Ask your insurance company for a beneficiary designation form.
A Charitable Remainder Trust allows you to receive payments from the trust for a specified period of time, and donate the remainder of the estate to a named charity when the time frame expires. Contact ACCESS for a confidential analysis of the tax and income benefits available to you and your family through a Charitable Remainder Trust.
If you share ACCESS’ vision for the future, consider making a planned gift. To those who make a legacy gift of any kind, ACCESS offers:
Maha Freij, Executive Director
313-842-7010