Gifts of the Future

October 19, 2020
by Codi Smith, Development Associate at Rebuilding Together National

Oftentimes when we think of philanthropy our minds travel to the millionaires and billionaires of the world. They establish foundations, bestow nonprofits with large donations and even serve as nonprofit board members. Their influence is vast and unmistakable. Andrew Carnegie is an example of someone who not only gave his fortune during life but also after his passing. Carnegie imagined a society of improved education and a general sharing of knowledge. Could you imagine what our libraries and education systems would be without his generous foresight?

If you’re like me, you don’t have millions of dollars to give. You may, however, have a desire to make a lasting impact in your community. One way to do this is through a planned gift. Planned giving is a unique and effective way to ensure the nonprofits you care about receive financial support to sustain their future. It is a gift a nonprofit can count on several years in advance to support current initiatives or to establish a new program.

Here are some ways to support Rebuilding Together through a planned gift:

  • Bequest: Just as you would leave behind money and/or property to your family, you can also list Rebuilding Together in your will. Your donation can be given as a percentage of your estate or a specific dollar amount.
  • IRA/Retirement Account: As you save for retirement, you can also plan to allocate a portion of your funds to a nonprofit organization.
  • Retained Life Estate: This option allows you to deed your home to Rebuilding Together while you are still residing in the home. Afterwards, the title is automatically transferred to Rebuilding Together.

Planned gifts are given in a variety of ways and not only benefit your family, but the longevity of Rebuilding Together. The best way to prepare your gift is to complete an intent form notifying us of your plans. If you have any questions or would like to learn more about making a planned gift, please feel free to reach me at csmith@rebuildingtogether.org.

 

*For any tax or legal advice please consult your tax advisor or lawyer.