Planned Giving

Bequest Gift
How to include St. Ann Center for Intergenerational Care in your will.  

Charitable Remainder Trust
A trust is a legal agreement that specifies how the assets placed under the trust will be managed. The charitable remainder trust is an attractive method to achieve a variety of goals while providing income for life and knowing that after your lifetime, the property remaining in the trust will be used by St. Ann Center for Intergenerational Care as you specified.

Life Insurance Gift
Some of our supporters no longer need their life insurance that was purchased years ago to provide for children or other family members. If that is your situation, please consider donating the policy to St. Ann Center for Intergenerational Care. You may claim a charitable deduction for approximately the policy's cash surrender value, and the proceeds are completely removed from your estate.

Charitable Lead Trust
Individuals with very large estates can use a charitable lead trust to benefit St. Ann Center for Intergenerational Care and pass principal to family members with little or no tax penalty.

Retirement Plan Gift
Many individuals today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan. These assets have been growing tax-free for years. Once the owner begins to receive payments from the qualified plans, the distributions are taxed. The plans are also included in the owner's taxable estate. A retirement plan may be an excellent source of funds for making a gift to St. Ann Center for Intergenerational Care.

Donate Investments

Sample Notification of Donor Intent letter

Tax Deduction Information 

Bequest Gift
How to include St. Ann Center for Intergenerational Care in my will:

Donors may make charitable gift by naming St. Ann Center for Intergenerational Care as a beneficiary in their wills. The federal government encourages these gift or bequests, by allowing an unlimited estate tax charitable deduction. In addition, a charitable bequest may place your estate in a lower estate tax bracket.

To make a bequest to St. Ann Center for Intergenerational Care, the following language will be helpful to your lawyer:

I give, devise, and bequeath to St. Ann Center for Intergenerational Care the sum of _____________ (or otherwise describe the gift or specify a percentage of the estate).

There are three ways you can make a bequest:

1. Specific Bequest: You designate a specific dollar amount, specific percentage, or specific property to St. Ann Center for Intergenerational Care.

2. Residual Bequest: Your estate will pay all debts, taxes, expenses, and specific bequests. The remaining amount -- the residual -- will be transferred to St. Ann Center for Intergenerational Care.

3. Contingent Bequest: You can ask that St. Ann Center for Intergenerational Care receive all or a portion of your estate only under certain circumstances. For example, you can name St. Ann Center for Intergenerational Care as a beneficiary of your estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to St. Ann Center for Intergenerational Care.

We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.

Charitable Remainder Trust

A trust is a legal agreement that specifies how the assets placed under the trust will be managed. The charitable remainder trust is an attractive method to achieve a variety of goals while providing income for life and knowing that after your lifetime, the property remaining in the trust will be used by St. Ann Center for Intergenerational Care as you specified. There are two types of charitable remainder trusts - the unitrust and annuity trust.

Unitrust: income fluctuates annually with the fair market value of the trust.

For example, Mr. Edwards irrevocably transfers $100,000 to create a charitable remainder unitrust that will provide him with life income payments. The trust agreement provides that he will receive 6 percent of the fair market value of the assets each year. The first year he receives $6,000 ($100,000 x 6%). One year later the trust assets are valued at $120,000, so he is paid $7,200 ($120,000 x 6%). If the trust assets are worth $110,000 at the beginning of the next year, he will receive $6,600 ($110,000 x 6%). And so on each year. If trust income exceeds the stated payout percentage, the excess is added to the unitrust assets and reinvested.

Annuity Trust: income payments are fixed and determined when the gift is made.

Charitable Lead Trust

Individuals with very large estates can use a charitable lead trust to benefit St. Ann Center for Intergenerational Care and pass principal to family members with little or no tax penalty. It works like this:

You transfer assets to a trust that provides payments to St. Ann Center for Intergenerational Care for a term of years. Then the trust principal goes to your children, grandchildren, or others free of, or at greatly reduced, federal gift and estate tax. (Please note that a generation skipping tax [GST] is imposed on large transfers to grandchildren and others who are more than one generation younger than you.)


We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.

Retirement Plan Gift

Many individuals today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan. These assets have been growing tax-free for years. Once the owner begins to receive payments from the qualified plans, the distributions are taxed. The plans are also included in the owner's taxable estate. A retirement plan may be an excellent source of funds for making a gift to St. Ann Center for Intergenerational Care.

One way to make a gift of your retirement plan is to create a charitable remainder trust through your will. It works like this: Your IRA assets will be transferred to a charitable remainder trust. There is no tax due because the charitable remainder trust is a tax-exempt entity. The trust will provide life income to the beneficiary (for example, your child) with an eventual gift to St. Ann Center for Intergenerational Care. The beneficiary will pay income tax on the distributions from the trust. Your estate will receive an estate tax charitable deduction for the value of St. Ann Center for Intergenerational Care's right to eventually receive the trust assets.

We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.
For example: Mrs. Edwards irrevocably transfers $100,000 to create a charitable remainder annuity trust that will provide her with life income payments. Included in the trust agreement is the stated payout percentage of 7. She will receive $7,000 annually for her life ($100,000 x 7%). If income earned by the trust exceeds the fixed payment of $7,000, the excess is reinvested.

The many benefits of a Charitable Remainder Trust include:

- receive income for life
- eliminate taxes on capital gains on the sale of appreciated securities
- receive immediate charitable income tax deduction based on your age
- remove all or most of the assets donated from your estate, thereby
- reducing potential estate taxes
- receive the satisfaction of supporting St. Ann Center for Intergenerational Care

These types of trust allow you to attain your own personal financial objectives while making a significant gift to St. Ann Center for Intergenerational Care. The best type for you depends on your own individual needs.


A Pooled Income Fund is a type of charitable remainder trust that operates somewhat like a mutual fund, wherein your gift to the fund, along with similar gift from others, are invested in a common fund. A pooled income fund gift may be established with an amount as little as $5,000. You will receive income earned by the fund in proportion to the number of shares you have in the fund. St. Ann Center for Intergenerational Care may use the remaining principal only after your death (and the death of one surviving beneficiary if one is designated).

For example, Mr. Simon's $10,000 life income gift is invested in our pooled income fund. The fund's net income is 6 percent this year, so he receives $600--his share of the annual earnings. Each year, Mr. Simon's payment will reflect any increase or decrease in the fund's net income.

Note: Currently, pooled income fund gift are unavailable in the states of Arkansas, Connecticut, Florida, Mississippi, Nebraska and Tennessee.

We make no claims regarding the accuracy of the above information or the tax consequences stemming from your use of it. Please consult with your own tax, legal, or financial planning advisor.

Donate Investments

To donate stock:

Thank you for your interest in donating stock to St. Ann Center for Intergenerational Care. Electronic delivery of stock shares is the most secure and expedient delivery process available and provides efficient internal control as well as cost savings. However, you may also transfer certificates directly. To help you facilitate a gift of stock, please use the following instructions. Or click here and go straight to our Gift Form for an electronic submission.

Securities Delivered Electronically
"brokerfirstname" "brokerlastname" "brokeremailId"
"brokerage_name"
"brokerage_street"
"broker_city", "broker_state" "broker_zip"
DTC Number: "brokerage_dtc"
Account Name: "brokerage_acctnm"
Tax ID# (EIN): "CharityEIN"
Account Number: "brokerage_acctno"

Please instruct your broker to include your name in the delivery instructions.

So that we are able to ensure proper acknowledgement of your gift for income tax purposes, we ask that you notify us in advance of any electronic transfers of securities. You may notify us online by e-mailing us at "kodell@stanncenter.org" or you may complete the Gift Notification Form and forward it to us at the address referenced above. The information you provide should include a description of the securities donated, the number of shares of stock or face amount of bonds, your name, address, phone number and e-mail address if available.

Securities Delivered by Mail

Mail your unendorsed certificate(s) and stock power in separate envelopes by registered mail to:

"charityname"
"charitystockdepartment" "charitystockstreet"
"charitystockcity", "charitystockstate" "charitystockzip"

Notification of Donor Intent

Regardless of the method chosen to deliver a gift of stock, the donor or the transferring broker must provide a letter including the following information, for audit and acknowledgment purposes ("clickhere" for a sample letter, which you can customize):

* Donor's name and complete address
* Name and number of securities transferred

You may use the "giftform", provide a letter, or send an e-mail to communicate this information at time of transfer to:
"charityname"
"charitystockdepartment""charitystockstreet"
"charitystockcity", "charitystockstate" "charitystockzip"
E-mail: "charitystockemail"
Contact: "charitystockfname" "charitystocklname"
Phone: "charitystockphone"
Fax: "charitystockfax"

Valuation for Tax purposes and date of gift

The date of the gift is the day of the stock passes from your control. The value, for income tax purposes, is the mean between the high and the low quoted selling price on that day. Your gift will be acknowledged by "charityname"

Stock Donations

You can realize two tax savings by contributing stock as a gift to St. Ann Center for Intergenerational Care.

1. Deduction for charitable contribution

Federal and state tax law permits taxpayers who itemize to deduct the current value of charitable contributions from their adjusted gross income. To qualify for such a deduction, the stock must have been held by the taxpayer for more than one year.

2. Save on capital gains tax

Contributions of stock may have no tax liability on the difference between the cost of donated stock and its current, fair market value (FMV): i.e. there may not be tax on the capital gains.

Here is how it can work:

Assume you purchased 100 shares of XYZ Corporation in 1988 for $2,000. Today, the shares are worth $10,000. If you sold the stock, you would realize an $8,000 capital gain. Under current tax rules, you could owe as much as $1,600 in federal capital gains tax (plus more in state taxes). You decide to make a $10,000 gift to "charityname". Normally, you make your gift by an on-line donation or check, but this year you decide to see whether a stock gift would work better for you. Your comparisons are (federal tax benefits only):

You become entitled to a charitable income tax deduction for the fair market value of the gifted securities as of the date of gift. You eliminate capital gains tax that would ordinarily become due if you had sold the appreciated securities on the open market and donated the proceeds from the sale to nonprofit. Your charitable deduction can be claimed against up to 30% of your adjusted gross income and any unused deductions can be carried forward over the next five years. This helps you to achieve your long-term financial objective of reducing your income and estate taxes.

If you find that you have securities that have declined in value over the years and are interested in donating them to nonprofit, you may find it more advantageous to sell the securities first and contribute the proceeds to nonprofit as opposed to donating the securities outright. This strategy should allow you to claim a deduction for both the loss from the sale of the securities as well as the charitable gift.

If you are considering donating stock that is subject to a cash merger or tender offer, it is important for you to note that you will be subject to tax on the capital gain even though the shares were transferred to St. Ann Center for Intergenerational Care before the tender offer became effective.

Gifts of appreciated securities could provide even greater benefits to you through a charitable planned gift arrangement. Click here to learn more about the various giving options

Note:  St. Ann Center for Intergenerational Care is obligated to record your gift as of the day it is received into its brokerage account. Consequently, given the increased volume of year-end gift transactions, it is advisable for you to plan your year-end charitable giving as early as possible. You may wish to have regular communications with your broker to ensure that the transfer has actually taken place. These steps should help to assure you receive proper credit for your gift within the tax year desired.   St. Ann Center for Intergenerational Care does not make any representations as to the accuracy of the above information. You should always consult with your financial advisor before initiating a charitable gift arrangement

Sample Notification of Donor Intent letter (please complete all fields in parentheses)

I hereby donate the following securities to (nonprofit name):

1. Name of stock: (Security Name), # shares transferred: (Number of Shares)

2. Name of stock: (Security Name), # shares transferred: (Number of Shares)

3. Name of bond: (Security Name), face amount: (Face Amount)

4. Name of bond: (Security Name), face amount: (Face Amount)

5. etc.

Sincerely,

(Donor Name)
(Donor Street)
(Donor City), (Donor State)

Tax Deduction Information

We are not responsible for the accuracy of the following information. Please check with your own tax advisor.

What You Can Deduct

As long as you itemize on your tax return, you may deduct gifts to religious or charitable organizations. You also may deduct contributions made to scientific, literary, and educational organizations, as well as to organizations devoted to the prevention of cruelty to children or animals or those that foster amateur sports competitions.

Deductible gifts to nonprofit can take many forms. You can deduct cash contributions up to 50 percent of your adjusted gross income (AGI), and any excess contributions can be carried forward for up to five years. You also can make donations of property -- from used clothing, to furniture, to computer equipment -- and earn tax deductions. When you donate property, your deduction is generally equal to the fair market value of the property at the time you give it, not its original cost.

To make the most of your charitable contributions, consider donating appreciated capital gains property that you've owned for more than a year, such as shares of stock or a mutual fund. When you donate long-term property that has appreciated in value, you generally earn a deduction for the property's fair market value and never have to pay capital gains tax on its appreciation. Contributions of appreciated capital gains property are generally limited to 30 percent of your adjusted gross income.


What You Cannot Deduct

Generally, gifts to individuals are not deductible. You also cannot claim a deduction for political contributions, gifts to labor unions, donations to homeowner's associations, or gifts used for tuition.

Payments made partly as a contribution and partly in consideration for goods or services furnished to the donor by the nonprofit -- referred to as quid pro quo contributions -- are not fully deductible. For example, if you buy a $100 ticket to a nonprofit concert performance and the equivalent ticket normally costs $40, you may deduct only $60. If you choose not to attend the event and return the ticket to the nonprofit to be resold, however, you may deduct the full $100.

When To Make Your Deductible Contributions

To qualify for a deduction in a given tax year, you must make your gift by December 31. That includes checks or properly endorsed stock certificates mailed by New Year's Eve or a gift charged to a bank credit card by that day.
Documenting Your Contribution

Canceled checks are sufficient documentation for cash donations under $250, but you'll need more proof of your generosity if you donate $250 or more. The rules require that you have a receipt, letter or other statement from the charitable organization listing the amount of the cash donation, or, for contributed property, a description of the property donated. In addition, the receipt must state whether or not the nonprofit provided any goods or services in exchange for the cash or property. Where a charitable organization provides goods or services in exchange for contributions over $75, the organization must provide the donor with a good faith estimate of the value of the goods or services provided. For non-cash contributions over $500, you must complete Form 8283 and attach it to your tax return. If the non-cash contribution exceeds $5,000 ($10,000 for gifts of closely held stock), you also may have to obtain and attach a written appraisal. A summary of the appraisal should be attached to the tax return to substantiate the deduction.

(Additional requirements apply to contributions of art if you are claiming a deduction of $20,000 or more.) There is no appraisal requirement for publicly traded securities for which a market quote is readily available on an established stock exchange.

CPAs recommend that you make sure that you have adequate receipts and other documentation for your charitable gifts. Doing so will make the preparation of your tax return a little easier next year and give you peace of mind in knowing that should you be audited, your records are in order