Cash: “A gift of cash is one of the simplest donations, and it maximizes your charitable deduction while providing immediate benefits to Boys & Girls Clubs of Yellowstone County. Gifts of cash include currency, personal checks, money orders, credit cards and wire transfers. You can make a donation online today. »”
Charitable Bequests: You designate Boys & Girls Clubs of Yellowstone County Endowment Foundation as a beneficiary of your asset by will, trust or other instrument. Bequests allow you to retain control of your assets during your lifetime. A bequest can be tailored to almost any set of circumstances, and it provides an unlimited deduction for estate tax purposes.
Charitable Gift Annuity or Deferred Charitable Gift Annuity: You can increase your tax savings by transferring cash or appreciated property, such as securities or real estate, directly to Boys & Girls Clubs of Yellowstone County Endowment Foundation in exchange for our promise to pay your fixed income, with rates based on your age, for the rest of your life. If you’ve owned the property for more than a year, you are allowed to claim a charitable income tax deduction for the full market value of your gift without paying capital gains tax. Call 406-294-4511 to learn how you might be able to take advantage of the Montana Tax Credit with this structured gift.
Charitable Remainder Trust: An income-producing gift, such as a gift annuity or charitable remainder trust, enables you to generate a current income tax deduction while providing yourself or a loved one with a secure source of income for life or a period of years. When funded with appreciated assets, it can also help you increase your income while avoiding capital gains taxes.
Charitable Lead Trust: A lead trust enables you to transfer wealth to family while reducing or eliminating estate and gift taxes. Trust assets are removed from the taxable estate, and growth in value passes tax-free to heirs. You postpone the transfer until heirs are more mature. Payment of trust income to Boys & Girls Clubs of Yellowstone County Endowment Foundation for a term of years creates a charitable legacy with funds that are otherwise destined for the IRS.
Life Insurance: A gift of a life insurance policy, or simply naming Boys & Girls Clubs of Yellowstone County Endowment Foundation as a beneficiary of your bank account, allows you to make a major gift for a modest cost. Many donors use insurance gifts to receive a current tax deduction while disposing of an old policy that is no longer needed. Other donors purchase a new policy, donate it to Boys & Girls Clubs, and make an annual gift to cover premiums.
Retirement Accounts: By designating Boys & Girls Clubs of Yellowstone County Endowment Foundation as the beneficiary of all or a percentage of your IRA or any other qualified retirement account such as a 401(k), 403(b) or pension account, you can make a substantial gift while avoiding income and estate taxes that may consume as much as two-thirds of the account balance.
Artwork & Other Personal Property: You may receive gift credit and an immediate charitable income tax deduction, typically for the appraised value of your gift. Your charitable deduction equals the full value of your gift as long as it is used to further our charitable mission.
Let us work with you to leave a legacy and help children and teens learn, grow and build great futures. If you have any questions or if you would like to set up a time to discuss the ways you can provide for future Club members, please contact firstname.lastname@example.org or 406-294-4511.