Planned giving is the process of making the most of your contribution financially. Your gift will provide assistance to the youth at Covenant House Alaska, while also offering significant financial benefits to you. It’s a Win/Win arrangement!
Planned giving opportunities include:
Wills And Bequests. Make an outright gift upon your death by including Covenant House Alaska in your will or bequest. By doing so, you will leave a lasting legacy, while also reducing or eliminating any applicable estate taxes.
Charitable Remainder Trust (CRT). A CRT allows you to transfer ownership and management of assets, while keeping the income generated by those assets. You may use stock, securities, cash or real estate to establish a CRT benefiting Covenant House Alaska. There is a minimum investment of $50,000.
Gift Annuity. In exchange for your gift of cash or stock, Covenant House Alaska will pay you a fixed and guaranteed income annually for your lifetime. The benefits offered make it a popular gift plan for donors over 70. There is a minimum $5,000 investment.
Charitable Retirement Annuity. Make a gift to Covenant House Alaska now and receive guaranteed income at a very attractive rate beginning in a future year of your choice. This option also offers an income tax deduction the year you make the gift, and is a good option for donors aged 40 – 69.
Gifts Of Real Estate. When you gift a home, farm, ranch, commercial property, lot or land, you may be able to significantly reduce your taxes, while also earning income from your gift.
Gifts Of Stock/Mutual Funds/Bonds. By donating stocks, mutual funds or bonds to Covenant House Alaska, you can avoid capital gains taxes and are entitled to a federal income tax deduction – all while supporting Covenant House Alaska.
Gifts Of Life Insurance. There are several options to use life insurance to benefit Covenant House Alaska: name Covenant House Alaska as the beneficiary of a policy; purchase survivorship insurance and designate Covenant House Alaska as the beneficiary after the second insured dies; or assign an insurance policy directly to Covenant House Alaska.
Gifts Of Retirement Plan Assets. Use assets from a qualified retirement plan, such as an IRA, 401(k) or Keogh plan, to support the mission of Covenant House Alaska, while reducing your taxes. Or consider using your retirement plan assets to create a charitable remainder trust.
Contact Us With Questions
The staff at Covenant House Alaska is happy to work with you to develop a plan for your giving. For more information, or to get involved, please contact Carlette Mack, Covenant House Alaska's Associate Executive Director, at 907-339-4407 or email@example.com. We also recommend that you consult with your attorney or tax advisor.