 |
"If you feel destiny calling," I said then, "and see as I see, a future of endless possibility stretching before us; if you sense, as I
sense, that the time is now to shake off our slumber, and slough off our fear, and make good on the debt we owe past and future
generations, then I'm ready to take up the cause, and march with you and work with you." Barack Obama, '08
AADCCH Planned Giving Plan
African American Diversity Cultural Center Hawaii (AADCCH) Planned Giving
Program has set up several ways that people can contribute assets while, in
many cases, retaining an income and enjoying significant tax benefits. For more
information, call 808-597-1341
AADCCH encourages contributions to
its endowment. It is possible to establish a fund in a family name or to
remember a loved one.
Many donors contribute appreciated
securities at their fair market value and avoid the income tax on the capital
gains. When made to the endowment, such gifts provide an income stream for the
benefit of our community for generations to come.
A bequest under a will or trust
arrangement is the most common form of gift after death. With a bequest to the
endowment that is twenty times the amount that a donor contributes to the
annual campaign, it is possible for a donor to continue his/her support in
perpetuity.
If you are planning to include a
gift to AADCCH at your death, often it is wise to name AADCCH to receive IRA
proceeds while leaving other assets to your heirs. These proceeds may be
subject to both estate and income taxes. IRA and retirement plan proceeds
payable to AADCCH are not subject to estate and income taxes.
Many people have been pleased to
discover that life insurance can offer a convenient way to make a meaningful
charitable gift. When you make AADCCH the owner and irrevocable beneficiary of
a life insurance policy, you may enjoy tax benefits, including charitable
income tax deductions for any premiums that you may pay in the future.
Under the terms of a gift annuity
contract, a donor contributes cash or appreciated securities and, in return,
receives fixed annuity payments for life. Such annuities are also frequently
designed for couples with payments to continue as long as either one survives.
In times of lower interest rates, gift annuity payments can be a way to
generate more useable income than you now receive from your investments. Gift
annuities also provide tax benefits.
AADCCH Planned Giving Program
|
|
