If you are 73.5 or older, a required minimum distribution (RMD) from your IRA is another great way to make a charitable gift to Ann’s Place this year. You can give up to $100,000 from your IRA directly to a qualified charitable institution without having to pay income taxes on the money. This popular gift option is commonly called the IRA charity rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. This law no longer has an expiration date so you are free to make annual gifts to Ann’s Place this year and well into the future.

A donor may make a bequest or gift through his/her estate by including a provision in a will or living trust, or by naming Ann’s Place, Inc. as a beneficiary of a life insurance policy.  The amount left to Ann’s Place can be expressed as a dollar amount or as a percentage of the assets to be given.

Sample Bequest Language:

For a general bequest 
“I give % of my estate (or ‘the sum of $’) to Ann’s Place, located at 80 Saw Mill Rd, Danbury, CT 06810, EIN 22‑3181832, to be used for its general charitable purposes.” 

For a residual bequest 
“I give all (or ___%) of the residue of my estate to Ann’s Place, located at 80 Saw Mill Rd, Danbury, CT 06810, EIN 22‑3181832.” 

A Charitable Lead Trust makes an annual payment to Ann’s Place for a period of years and at the end of the term, the remaining assets go to the donor’s children or other beneficiary.

A life income gift allows a donor to give assets to Ann’s Place while providing the donor with income for a period of time before Ann’s Place is permitted to use the gift.

In exchange for an outright gift, Ann’s Place agrees by contract to pay a fixed amount each year to the donor or another beneficiary for life.

A donor may establish a trust from which he/she (or their beneficiaries) receive annual payments for life and/or a specific term of years.  At the end of the term, the remainder of the trust assets go to Ann’s Place for the purposes designated by the donor.