Leave a Legacy of Protection: Include PACT in Your Will
Planned gifts can be made through a will, trust, insurance policy or gift annuity arrangement. An important benefit of planned giving is that it allows a donor to make a commitment now without the necessity of using resources that are needed while they are still living.
About Planned Giving
Generally speaking, planned gifts can be customized to meet your personal philanthropic and financial goals. Planned gift options can include, a gift in your will, which require no current outlay of funds; or a charitable gift annuity that makes it possible to support PACT’s work, while enjoying a tax deduction if you itemize.
Please contact us if we can provide more information or help you in any way.
To assist you in making a decision in what planned gift option may be best for you, we invite you to share the Advisor Reference Tool (ART) from Endowment Development Services with your attorney, CPA, financial planner, or other professional advisor. The ART provides more detailed information about planned giving concepts and techniques.
Financial and Tax Benefits
Did you know that tax rewards associated with planned giving often allows donors to give more to a charitable organization than would otherwise have been possible?
Every dollar that donors give to a qualified charitable organization through an outright or deferred gift in your will is fully deductible for federal estate tax purposes when all legal requirements are met. If your estate may be subject to the federal estate tax, minimizing the impact of this tax on beneficiaries becomes an important consideration. Planned gifts also offer the benefit of avoiding the payment of capital gains tax on the sale of appreciated stock. Since gifts in your will remove assets from your estate, they can help minimize the impact of the estate tax.
Popular Giving Options
PACT is able to work with you and your advisors on the many giving options available for our Legacy Society program. Read on to learn more about these options, each with certain tax benefits and income potential. Every situation is different, so it is important to examine your charitable goals, lifetime income needs and family situation, and discuss them with your financial advisor.
The information featured on this website is intended for educational and informational purposes only. Nothing on this website should be considered as the rendering of legal, accounting or other professional advice. Always consult your legal, tax or other professional advisor(s) before implementing a planned gift to charity.
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Ways of Giving Legacy
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Join PACT’s Legacy Society by making a simple gift in your will, which remains a popular and enduring planned gift. When you make a gift in your will, you retain full use of your assets and property during life, so there is no disruption of your lifestyle and no immediate out-of-pocket cost.
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Donating highly appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to PACT.
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A qualified charitable distribution from an IRA is a good way for IRA owners age 70½ and over to support PACT’s work. It’s easy to do.
Instruct your IRA custodian to make a distribution directly to PACT.
Although there is no tax deduction, the distribution is excluded from your income for federal tax purposes—no tax is due!
Up to $108,000 of your gift (annual aggregate limit for 2025) qualifies for this favorable tax treatment.
Your gift makes an immediate impact.
A qualified charitable distribution from an IRA counts toward your Required Minimum Distribution (RMD) if one is due.
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Another alternative for legacy donors is to use qualified retirement account assets in their charitable gift planning. This is an easy gift to make and has distinct planning advantages.
Retirement account assets left to loved ones may be subject to higher taxation than other types of assets. Retirement plan assets are highly taxed and cannot be distributed or transferred to heirs on a tax-free basis. Other savings and investments that have already been taxed can be transferred to heirs with no additional tax—some (appreciated stock or real estate, for example) with the bonus of a step-up in basis.
By using retirement account assets to make a gift (and selecting alternative assets to leave to family members that have more favorable tax rules), you may be able to reduce taxes that otherwise would be imposed on those assets and leave more to your intended beneficiaries.
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A Charitable Remainder Trust is a gift option that creates an income stream. Discover what benefits of establishing a charitable remainder trust include.
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For appreciated real estate donated to PACT, no capital gains tax would be owed on the appreciation, and it may qualify for a charitable income tax deduction for the full fair market value of the property.
You may also consider donating a home and retain the right to live in the property for the rest of your life. Doing so may allow you to qualify for a current income tax charitable deduction for the value of the remainder interest in the home.
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Donor Advised Funds (DAFs) can be used to establish a legacy of giving.
Donor Advised Funds give you the option to make an irrevocable gift to a fund maintained by a charitable organization and enjoy an immediate income tax charitable deduction for the full amount of the gift. As the name implies, you can advise the fund regarding distribution. Donors can contribute cash, stocks, or other assets to a DAF.
Once You Have Made Your Decision
If you have made the decision to make PACT part of your legacy and philanthropic goals, please be sure to inform us of this decision. We will welcome you to our Legacy Society and share benefits that you can make use of now. We will be able to answer any questions that you may have, and help you plan your gift in a way that is both effective and personally satisfying. You will also help us plan for the future because we know we can depend on your generous support.
The information featured on this website is intended for educational and informational purposes only. Nothing on this website should be considered as the rendering of legal, accounting or other professional advice. Always consult your legal, tax or other professional advisor(s) before implementing a planned gift to charity.