Plan so your generosity continues beyond your lifetime.
You can advance the mission of The Arc Eastern Connecticut by helping people with intellectual and developmental disabilities live fuller and more independent lives. There are many ways you can benefit from tax advantages, reduce or eliminate your probate expenses, and leave a legacy that will change lives for people with IDD right here in eastern Connecticut.
Questions? Please contact us at (860) 889-4435 x 116. We look forward to helping you achieve with us.
Here are some of the ways to leave a bequest to The Arc ECT
Charitable Bequests and Trusts
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to The Arc ECT that will make a lasting impact. With the help of an advisor, you can include language in your will or trust specifying a gift be made to The Arc ECT as part of your estate plan.
Here are some of the ways to leave a bequest to The Arc ECT:
Include a bequest to The Arc in your will or revocable trust
Designate The Arc ECT as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
Name The Arc ECT as a beneficiary of your life insurance policy
Did you know in the US, 95% of all planned gifts are bequests? Anyone -- no matter what size her estate -- can leave a gift to charity in her will.
Bequests to The Arc Eastern Connecticut create financial stability and ensure our longevity. Most importantly, they make a world of difference in the lives of the people we serve.
Gifts of Business Interests
As a business owner, you have the opportunity not only to build your business (and wealth) for yourself and your family, but also to accomplish your philanthropic goals and support the mission of the Arc Eastern Connecticut.
Benefits of gifts of business interests:
You’ll receive a charitable income tax deduction
You avoid tax on the sale of your business stock or assets
You’ll receive lifetime payments if your business stock or assets are used to fund a planned gift
If you would like to sell your business and receive income, ask us how you can transfer part or all of your business stock or assets to fund a charitable remainder trust. The trust will sell your business interest tax-free and pay you (and your spouse) income for life. You will receive a charitable income tax deduction to further offset any capital gains.
Gifts of Cash
A gift of cash is a simple and easy way for you to make a gift. You will receive a charitable tax deduction that will provide you with savings on this year's tax return. You’ll make an immediate impact on our mission, AND you benefit from a charitable income tax deduction.
Charitable IRA Rollover
Taxpayers age 70 ½ and older, who are required to take a mandatory minimum form their IRA accounts, may transfer up to $100,000 to a qualified charity. These transfers can be applied against your mandatory minimum distribution, but they aren’t counted as part of your adjusted gross income—this can be more favorable than the standard tax deduction for this same gift.
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to The Arc. By making a gift of your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets. You’ll also receive a charitable income tax deduction.
Gifts of Real Estate
You can leave a lasting legacy by making a gift of your real property (such as your home, vacation property, vacant land, farmland or ranch or commercial property) to the Arc ECT. A gift of real estate through your will provides your estate an estate tax deduction. You can also use your residence or other property to establish a charitable remainder unitrust, which distributes income to you during your lifetime and provides support to The Arc Eastern Connecticut in the future.
How Can I Learn More?
If you have any questions about any of these giving options or would like additional information on how each of these options work and the documentation and steps required, please contact our Development and Outreach office at (860) 889-4435 X 116. We would be happy to assist you and answer any questions that you have by email as well.