Planned giving can be a thoughtful way of leaving your legacy, while maximizing your philanthropic objective and receiving important tax benefits and minimizing costs.
Below you will find information that might be helpful to you as you begin your process, but we always recommend to speak with your financial advisor about the best decisions for you and your family.
Gifts you can make today
Giving through your donor advised fund
A donor advised fund (DAF), is a giving vehicle that provides an immediate tax benefit while allowing you to grant funds to charities of your choice. You can recommend a grant from your donor advised fund by contacting your financial institution or foundation. We recommend that you also contact LifeAct, so that we can ensure that we properly thank you for your generosity and kindness.
Giving through stock or appreciated assets
Gifts of stock or appreciated assets helps fund the lifesaving work of the LifeAct program. Please contact LifeAct for the stock transfer form and information or call 216.464.3471.
Give through your IRA
If you are 70 ½ or older, you can make a contribution from your IRA account to help kids right here in Ohio, and potentially receive a tax benefit. Please contact LifeAct for a sample letter that you can use with your IRA administrator to make a gift or call 216.464.3471. For more information, please consult with your financial advisor.
Gifts that pay you income
Charitable Gift Annuity
provides a way for you to make an irrevocable gift to support the lifesaving mission of LifeAct, while at the same time providing a source of fixed income for life to you or another recipient.
Charitable Remainder Trust
allow you to irrevocably transfer assets and you (or your beneficiaries) receive payments from the trust for life, or another time period of your choosing. LifeAct then receives the remainder.
You can use your will or bequest or other asset to build your legacy and support LifeAct.
Give through a retirement plan
Many people do not use all of their retirement assets during their lifetime, and since LifeAct does not pay income taxes on the donations we receive, these unused assets can be a great way to make a lasting legacy to LifeAct.
Give through life insurance
If you have a life insurance policy that no longer fits your life circumstances, you can gift your paid policy to LifeAct.