PLANNED GIVING

Planned giving is exactly what it sounds like: creating a structured method to donate to Step One Halfway House over time or in the future. The simplest form of planned giving is a bequest in a Will, but there are several options available by which to make your contribution. Some gifts happen over time, some provide life-long income to you, the donor, and other gift plans use estate and tax planning to provide for Step One Halfway House and heirs in ways that maximize the gift and/or minimize the impact on your estate.

TYPES OF PLANNED GIFTS

  • Almost any type of asset or individual property may be gifted: stocks, real estate, artwork, life insurance and retirement plans, etc.
  • Some gifts (certain trusts or charitable annuities) may return lifelong income or other financial benefits to the donor in return for your contribution.
  • Bequests of all types are made through your will or beneficiary designations.


The benefits of funding a planned gift may make this type of giving extremely attractive to you, your family, and Step One Halfway House.


Giving securities is one of the most effective ways to give from a tax planning perspective. Giving publicly traded securities to Step One Halfway House that were purchased over a year ago and have increased in value can be an especially attractive way to fund a donation. A donor may benefit from a charitable deduction equal to the value of the securities. In addition to the tax deduction, capital gains tax is not due on gain in the donated securities.  


Please contact Shelby Lee, Executive Director

602-749-5434 / email

Vanguard Brokerage Account # 2212916 

EIN# 86-1032253

Potential Tax Benefits of Planned Gifts

  • You can contribute appreciated property, like securities or real estate, receive a current charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
  • Individuals who establish a life-income gift receive a current tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property, they pay no upfront capital gains tax on the transfer.
  • Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.

Common Planned Giving Options

  • Bequest intention: a provision in your will directing that a gift be paid to Step One Halfway House upon your death. The bequest can be very flexible and is controlled by the specific provisions within the document.
  • Life insurance: another flexible option which allows you to donate your life insurance policy to Step One Halfway House or to make Step One Halfway House a beneficiary of your policy.
  • Retirement plans: you may name Step One Halfway House as a beneficiary of your qualified retirement account or make annual RMDs directly to Step One Halfway House thereby reducing your taxable income.
  • Charitable gift annuities and trusts: in return for a contribution of cash, securities, or other property you receive a combination of current income and income tax incentives depending on how the option is structured.


Your tax advisor, financial advisor, and/or attorney can help you decide which planning strategy is best suited for you.

Sponsorship

How your business can support our community

Step One Halfway House is always in need of corporate support from local businesses. We rely on your commitment to our mission and appreciate the strong relationships we have built with you over the years. If you are interested in offering sponsorship for an event or for a project, please see the contact information below.


If you wish to create a new partnership with Step One Halfway House, we would love to talk with you about our House, our work, and our how you can become involved!


Please contact Shelby Lee, Executive Director 602-749-5434 / email

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