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Early Childhood Alliance has a history of excellent service to our community. To continue quality services, new sources of funding are vital to meet today's and tomorrow's needs. Planned gifts may provide income and estate tax benefits to the donor. Your attorney, banker, accountant, insurance agent or financial planner can advise and help with arrangements. To discuss planned giving opportunities, please contact the development director at 260.458.0125 or at
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. We would appreciate knowing if you have arranged for a planned gift. More Information The Early Childhood Alliance Board of Directors has established the Early Childhood Alliance Legacy Society…Building Better Futures for our Children. The purpose of the Legacy Society is to thank and recognize individuals who have made Early Childhood Alliance a beneficiary of a planned gift. Anyone interested in joining the Legacy Society may do so with a planned gift.
To remember Early Childhood Alliance in your will or estate plan, the following wording is suggested: "I give to Early Childhood Alliance the sum of ___________ dollars ($_____). This bequest is unrestricted and the Board of Directors or other governing body may use and expend the same for the benefit of the Early Childhood Alliance in any manner it deems appropriate."
In addition, Early Childhood Alliance has an Endowment Fund with the Community Foundation of Greater Fort Wayne. The Foundation provides a partial match to gifts to our Endowment Fund. Interest earned from the Endowment Fund helps provide services. Life income plans, including charitable remainder trusts, can be effective ways of providing gifts for Early Childhood Alliance while also allowing for an income stream for the donor. Transfer assets to a trust and receive income for yourself (and a second beneficiary, if you desire) during your lifetime. You also receive a charitable deduction in the year in which the irrevocable gift is made and the trust is established. Upon the death of the beneficiaries, the remainder of the assets reverts to Early Childhood Alliance. A charitable gift annuity is an agreement in which the donor gives assets (cash or securities), for which the donor receives fixed income payments for life. The payment rates are based on the donor's age and typically range from 6% to 9%. An immediate income tax deduction is provided for the value of the gift and part of the payment is tax-free. At the death of the annuitant, the gift is used by Early Childhood Alliance to provide services. A gift of insurance can take several forms. Life insurance which was purchased to protect a mortgage or cover college tuition may no longer be needed. Donate the policy to Early Childhood Alliance and you may claim a charitable deduction for approximately the policy's cash surrender value. Purchase a new policy and name Early Childhood Alliance as the owner and beneficiary. Premiums paid in the future are deductible as cash contributions. Name Early Childhood Alliance as the owner and beneficiary. Premiums paid in the future are deductible as cash contributions. Name Early Childhood Alliance as the primary or secondary beneficiary for an existing policy.
Retirement plans often include assets which have been increasing in value tax-free. Gifts of your IRA, 401(k) or Keogh plan may benefit Early Childhood Alliance plus save heirs from tax burdens. Retirement plan assets which are bequeathed to Early Childhood Alliance will not be taxed. Another option is to establish a charitable trust with retirement assets. The trust can provide life income to the beneficiary, and the assets which remain in the trust will be distributed to Early Childhood Alliance. |
