Did you know your gift can have more of an impact and affect generations to come at Red Door Community? Through a deferred or planned legacy gift today, you can help us to continue to meet the needs of current and future participants.
A legacy gift is a way to determine during your lifetime where your assets will go – gifts to be given now or later. It allows you to use your assets during your lifetime by making a commitment that will touch the lives of countless individuals and families affected by cancer.
Choosing a Legacy Gift to Meet Your Charitable Objectives
There are numerous benefits to you when you donate to Red Door Community through a planned gift. These may include an immediate income tax deduction, lifetime income, a reduction in your adjusted gross income on your taxes and other benefits (summarized below):
Bequest
One of the simplest planned gifts to establish, a bequest through your will or living trust results in a meaningful donation to Red Door Community while ensuring that you have adequate funds throughout your lifetime.
Charitable Gift Annuity
A CGA provides the security of annual income as well as a significant donation to Red Door Community
Endowment Gift
This gift ensures that Red Door Community has future resources to provide support and services through annual operating funds, and also provides you with a tax deduction for the endowment principal.
IRA
Fulfilling the minimum distribution requirements of your IRA by making a qualified charitable distribution reduces your taxable income and transfers the funds to Red Door Community tax-free. You can also minimize estate tax liability by leaving the remainder of your IRA to Red Door Community by naming us as the beneficiary.
Stock or Mutual Funds
Donating appreciated stock or mutual funds can result in an immediate donation to Red Door Community while minimizing your capital gains taxes and giving you the maximum charitable tax deduction possible.
Trust
A gift through a trust can provide you with income for life or provide a legacy to your heirs while making a donation (current or deferred) to Red Door Community.
Your gift will be completely confidential.
For more information or to make a legacy gift please contact Dan Latore, Chief Executive Officer.
