Planned Giving is one of the most important ways supporters of Indiana Right To Life can help us accomplish our mission. Planned Giving is simply using estate planning methods to make a charitable gift that maximizes the tax and estate benefits to you and your family, and also greatly enhances the work of Indiana Right to Life.
If you would like to increase your giving this year to Indiana Right to Life Education Trust Fund (501c3), consider using your non-cash assets through your IRA using a QCD or Donor-Advised Fund.
Using a Qualified Charitable Distribution (QCD), also known as a Charitable IRA Rollover, allows individuals ages 70.5 and older to make a sizeable gift from an IRA to Indiana Right to Life Education Trust Fund (501c3), and gives a donor the potential of receiving significant tax benefits in return. A QCD may provide greater tax savings than cash donations alone. A QCD also allows IRA owners up to $105,000 in tax-free gifts to charity.
Benefits to a QCD may include:
For ages 73 and older, will count toward your required minimum distribution (RMD) for the year.
Charitable distributions may reduce your taxable income.
Gifts to the charity are tax-free so your entire gift will go to Indiana Right to Life Education Trust Fund (501c3).
To make a charitable gift from your IRA to Indiana Right to Life Education Trust Fund (501c3), simply contact your IRA trustee/custodian through your plan website, or consult your financial advisor and inform them you would like to direct/make your QCD charitable gift.
The specific approach to a planned gift depends on your particular circumstances and goals. But the central theme is the same: making a deliberate and careful choice about the resources you have built up during a lifetime of work, careful management and good stewardship. See more information below or email irtl@protectinglife.com.
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- Wills/Bequests – In its simplest form, estate planning enables you to look after the needs of your own family when you die. A Will is the most commonly used vehicle.
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- Gifts of Life Insurance – An insurance policy can be used to make a donation now instead of waiting to make a bequest in your Will. And the premiums are tax-deductible.
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- Investment Gifts – Whether you give property or securities, the donation of investments has a tremendous effect current ministy. And you can enjoy some substantial tax benefits.
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- Charitable Remainder Trusts – A charitable remainder trust is an arrangement under which you deed property to the Indiana Right To Life, but you retain the use of it for life, or a set number of years.
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- Endowment Funds – An endowment is a way for you to take an ongoing financial responsibility for some specific aspect of the work of Indiana Right To Life. Your gift is invested and the income is used for the purposes spelled out in the endowment.
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- Living Trusts – The living trust ensures that you control your assets, while providing for your loved ones and those to whom you want to leave a bequest.
We encourage donors to first seek the advice of their legal, financial, or tax advisors/financial institutions when considering a gift of non-cash assets.
- Living Trusts – The living trust ensures that you control your assets, while providing for your loved ones and those to whom you want to leave a bequest.
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