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The primary purpose of The
REACH Foundation is to secure or "endow" the future of REACH, Inc.
Contributions to The REACH Foundation provide individuals opportunity to make lasting gifts that support their on-going
commitment to REACH, Inc.
TYPES OF GIFTS INCLUDE,
BUT ARE NOT LIMITED TO:
GIVING THE GIFT OF CASH:
Cash gifts are a most popular
choice. This is usually given in the form of a check and is
the most common form of charitable gift. Tax benefits are
made available for individuals who itemize their deductions on
Federal and State income tax returns.
MEMORIAL GIFTS:
Memorial gifts allow
individuals to thoughtfully remember family members and friends
who have been such a vital part of their lives. Memorial
gifts will always grow in the lives of all individuals served
through the agency's programs. The memorial gifts will be
placed in The REACH Foundation unless otherwise specified by the
donor.
ASSETS OTHER THAN CASH:
Many individuals have
enjoyed significant gains in stocks and other investments in
recent years. If you have property that has increased in
value since you have owned it, you may wish to consider using it
to fund a charitable gift to REACH this year.
CHARITABLE REMAINDER TRUSTS:
These trusts provide a means to
make a gift that will allow you an opportunity to retain income
for life or for a period you specify. Your gift is invested
to provide you with either a fixed income (annuity trust) or
annually adjusted income (unitrust). A tax deduction is
allowed at the time that an individual creates the Trust.
Upon death, whatever remains in the Trust is distributed to The
REACH Foundation.
LIFE INSURANCE:
One of the simplest means to
make a significant gift in the future is to name The REACH
Foundation as beneficiary to receive all or a portion of proceeds
of a policy no longer needed. Life insurance needs change
with time and an existing policy may no longer be needed for the
reason it was originally purchased.
GIVING THROUGH YOUR
WILL...
The best way for you to make a
charitable bequest through your will depends on a number of factors
including your assets, family considerations, and number of
charitable interests. A few of the most commonly used
methods are:
Gifting a specific amount -
Stating a dollar amount to be given in your will.
Gifting a percentage - Consider
the idea of giving a percentage of the assets passing through your
will.
Gifting all or part of
"what's left" - if you are not comfortable bequeathing a
specific amount or percentage of your assets to charity, you might
wish to provide a gift from the "residue" or "what's left" after
specifically providing for your loved ones.
Gifting, to The REACH
Foundation as final beneficiary, the remaining funds of an IRA or
pension fund - which your loved ones do not use.
Since The REACH Foundation and
REACH, Inc. are not-for-profit organizations, exempt from taxes
under Section 501(c)(3) of the Internal Revenue Code,
contributions may be tax deductible to those individuals who
itemize their deductions. There may be tax savings
advantages resulting from your gift. See your attorney
and/or tax advisor for specific details.
If you would
like more information on The Reach Foundation, please contact
Stacy H. Wigfield at (715) 552-2763.
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