Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Su Casa Family Ministries that will make a lasting impact.
Benefits of a bequest
-
Receive an estate tax charitable deduction
-
Reduce the burden of taxes on your family
-
Leave a lasting legacy to charity
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Su Casa Family Ministries as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to Su Casa Family Ministries
-
Include a bequest to Su Casa Family Ministries in your will or revocable trust
-
Designate Su Casa Family Ministries as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
-
Name Su Casa Family Ministries as a beneficiary of your life insurance policy
A bequest may be made in several ways
-
Percentage bequest - make a gift of a percentage of your estate
-
Specific bequest - make a gift of a specific dollar amount or a specific asset
-
Residual bequest - make a gift from the balance or residue of your estate
Contact us
If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Su Casa Family Ministries as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
Beneficiary Designation Gifts
Make a Future Gift of Retirement Assets
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Su Casa Family Ministries.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Benefits of gifts of retirement assets
-
Simplify your planning
-
Support the causes that you care about
-
Continue to use your account as long as you need to
-
Heirs can instead receive tax-advantaged assets from the estate
-
Receive potential estate tax savings from an estate tax deduction
How to make a gift of retirement assets
To leave your retirement assets to Su Casa Family Ministries, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Su Casa Family Ministries as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Future gifts from your retirement assets
Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Su Casa Family Ministries. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. You can use the "Make a Future Gift of Retirement Assets" tool to contact your retirement plan custodian and designate a future gift to Su Casa Family Ministries.
Contact us
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
