Welcome to ECH Every Child's Hope
Thank you for your interest in ECH Every Child's Hope. Our hope is to serve you and your family with helpful information. We have an increasing number of friends at Steppingstone who are now benefiting from charitable estate planning.
Gifts range from life income gifts, gift annuities, bequests and more. Thank you for taking the time to explore the benefits of gift planning with ECH Every Child's Hope.
Charitable Gift Annuities – A Win/Win Right Now!
Charitable gift annuities have become one fo the more popular forms of giving for folks over the age of 65 - particularly during these sketchy economic times. Interest rates change monthly and are based on age.
I would be happy to prepare a personalized calculation for you, and answer any questions you may have regarding gift annuities or any other planned giving vehicle. Call Sharon Fenoglio at 314-427-3755 firstname.lastname@example.org
A Bequest to Further Good Work
Ed and Carol were dedicated volunteers. Over the years, they had seen many children and families impacted by the good work of our ECH. They wanted to create a legacy to provide future support to continue our mission.
Ed: The work of ECH is important to us and we provide support with current gifts, but wanted to do more.
Carol: When we met with our lawyer to revise our wills and we each included a provision for a bequest. Our lawyer put language in the will that allows a percentage of our estate to go to the Lutheran Hour Ministries. This was easy to arrange and permits us to still use our assets during our lives if we need them.
We will continue to make gifts during our lives, but it feels good to know that our support will help in the future.
You also may want to make it easy and convenient to have a bequest included in your will. The language below shows how a bequest can very easily be included in your will.
Feel free to give this page to your attorney. If he or she has any questions, please have him or her contact Sharon Fenoglio at 314-427-3755 or via email at email@example.com
Example bequest language - Please feel free to change the numbers or percentages as you desire.
1. Bequest of cash
"I bequeath the sum of $10,000 to Evangelical Children’s Home, St. Louis, MO."
2. Bequest of a percent of the estate
"I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to Evangelical Children’s Home, St. Louis, MO."
3. Contingent Bequest
"If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to Evangelical Children’s Home, St. Louis, MO."
A Win-Win to Help Kids!
Giving long-term appreciated stock offers a two-fold tax savings:
1. Avoid Capital Gains tax on any increase in stock value.
2. Receive a tax deduction for the full market value of the stock on the date of the gift. If you opt for YOP tax credits, you will receive an added bonus of the gift value in Missouri income tax credits. For more information on YOP credits, click here.
For income tax purposes, the value of such gifts may be deducted up to 30% of adjusted gross income with an additional five-year carry forward.
The best stocks to donate are those that have increased in value, particularly those producing a low yield. in order to optimize tax savings, it is critical that you transfer securities directly to ECH Every Child's Hope, rather than liquidate them and donated the proceeds.
If you have taken a loss on stock and wish to sell it, generally you should not transfer the stock to ECH but rather sell the stock yourself to realize the loss for tax purposes. You can then contribute the proceeds from the sale.
For more information on donation of stocks or how to conduct a wire transfer, contact Sharon Fenoglio, Director of Development, at firstname.lastname@example.org or (314) 427-3755.
Other Opportunities to Give
IRA Rollover Extended Until 2009
As part of the Emergency Economic Stabilization Act of 2008 (H.R. 1424), Congress restored and extended the IRA charitable rollover provision through 2009. This benefits taxpayers age 70 1/2 and older, who are required to make annual distributions from their IRAs. These distributions are included in the taxpayers' adjusted gross income (AGI), and taxpayers pay taxes on them. The IRA Charitable Rollover permits taxpayers to make donations directly to charitable organizations, ECH, from their IRAs without counting them as part of their AGI and, consequently, without paying taxes on them.
Gifts of Life Insurance
Contribute a life insurance policy by naming ECH as either the owner of the policy or simply the beneficiary. If you name ECH as the owner and beneficiary, you will be entitled to an income tax deduction limited to the lower of the fair market value of the policy or your cost basis in the contract.
Life Income Gifts
Life income gift allow you to receive an income as the result of making a charitable gift. Depending on the type of gift you select, payments can be fixed or variable and can be for you or other beneficiaries you choose. A Charitable Gift Annuity is the most common type of such a life income gift.