Charity

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The Club Esteem Legacy Society offers you the opportunity to make a lasting gift to the future through a planned gift or estate bequest to Club Esteem.  A legacy gift is a living tribute to your dedication as a steward and guardian of the mission and vision of Club Esteem.  Legacy gifts allow your generosity to be acknowledged during your lifetime, while celebrating your life and lighting the way for future generations.  

Several options for making a legacy gift are outlined below.  Please call Robert Green, Fund Development Director, at 242-9283 to learn more about Club Esteem’s Legacy Program and speak with your accountant about which option is most beneficial to you.  

Securities - Giving stocks and bonds which have increased in value (and which you have owned for more than one year) provides greater benefits than giving cash. You can deduct the full market value of the securities and avoid paying capital gains tax on the appreciation. You may deduct the gift value of these securities for you to 30 percent of your adjusted gross income. Any excess can be carried over for an additional five years. Securities that have decreased in market value may also be used to make a gift. First, the securities must be sold. The proceeds may then be given as a gift. The capital loss may be used to offset any capital gains realized in the year the gift is made.  

Real Estate - Gifts of real estate may be more suitable for donors who are concerned about preservation of liquid assets. A gift of real estate provides a charitable deduction of the full fair market value of the gift up to 30 percent of your adjusted gross income, with the usual five year carry-over. ??With the establishment of a "life estate contract," a donor can contribute a personal residence to a non-profit organization such as Club Esteem and continue to occupy the property until death. A substantial tax deduction is created in the year the gift is made.  

Life Insurance - Making a gift of an unneeded life insurance policy is often preferable to a gift of cash. Naming Club Esteem as owner and beneficiary of a completely paid policy entitles you to a deduction equal to the cost basis in the policy. Making a gift of a policy that is not paid up provides you with a tax deduction approximately equal to the policy's cash surrender value.  

Bequests - You have spent your lifetime caring about the needs of children and youth. A wonderful way to create a living tribute to your life's values is through a bequest to Club Esteem. A bequest to Club Esteem may be included in the body of your will or in addition to it (a codicil). A bequest doesn't have to be large to make a real difference in the lives of youth from economically disadvantaged communities. Every gift, regardless of size is important to the lives of children at Club Esteem.  

Trusts - Income-producing trusts or other types of charitable trusts can be used to make contributions to Club Esteem. Charitable trusts provide a lifetime income for the donor as well as create a substantial income tax deduction. Trust arrangements are tailored to each individual situation upon consultation with the donor's attorney. 

If you have any questions about the Legacy Program, please contact funddevelopment@clubesteem.org Robert Green at 321-252-9283.

 

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