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Frequently
Asked Questions |
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Do I have to include
my wish to leave a gift
to the Society of St.
Andrew in my will?
To be certain that the
Society of St. Andrew
receives the gift you
should state your
intention in your will.
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Must I have an estate
in order to leave a
gift?
An "estate" is any
property, money, or
personal belongings you
may have at the time of
your death. Most people
leave an estate when
they die, which may
consist of financial
assets, real estate,
property, insurance,
etc. Anyone can arrange
to leave a charitable
gift from their estate.
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How do I leave a gift
in memory of a person or
for a specific purpose?
You do this in the same
way you would leave a
personal gift from your
estate. Simply make it
clear the gift is in
memory of a particular
person or for a specific
use.
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Do I tell the Society
of St. Andrew I've left
a gift?
That is up to you. If
you let us know in
advance we can recognize
you for your generosity
and tell you about
specific opportunities
for giving.
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Who can help me
arrange for a gift?
Your financial planner,
lawyer, accountant, or
insurance agent. If you
do not have a
relationship with a
professional, call the
Society of St. Andrew
for help at
800-333-4597. |
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Legacy
Giving |
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You may
volunteer regularly and give
financially to the Society of
St. Andrew, but when you are
gone your support will be sorely
missed. |
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By
leaving a legacy through a Life
Income Gift or a gift in your
will, you can continue to help
the Society of St. Andrew feed
hungry Americans.
If leaving a living legacy or
Life Income Gift is of interest
to you, please contact the
Planned Giving Advisor at the
Society of St. Andrew at
800-333-4597 or via
. We
will guide you through this
important process and, on your
behalf, call in a financial
expert who will fully explain
the legal and tax aspects of
leaving a gift.
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Bequests
and
Life Income Gifts |
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Gifts to charities and
institutions are often given for
the tax benefit as well as for
philanthropic reasons. |
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A Life Income Gift can not only
financially help the designated
organization, but can also
provide an income to the donor
during life and benefit his or
her heirs. Here are some of the
bequests and Life Income Gift
options available:
- Charitable Gift
Annuity:
The most common of gifts
that provide income back to
the donor or other
beneficiary. It guarantees a
fixed income in exchange for
a gift.
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Pooled Income Funds:
Similar to a mutual fund,
however the donor may not
make withdrawals but
receives quarterly payments
for life.
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Charitable Remainder Trusts:
Gifts are placed irrevocably
in trust with the named
beneficiary(ies) receiving a
fixed or variable income for
life or a term of years not
to exceed 20.
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Non-Grantor Lead Trusts:
Provides income to the
charity and the principal to
the giver's heirs.
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Bargain Sale: The
deliberate sale of an asset
(usually real estate) for
less than the appraised
value, providing significant
tax deduction benefits.
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Gift of Residence With
Retained Life Use:
Provides tax deduction
benefit as well as relieves
the donor of concern about
how the home will be managed
after death. The donor can
make a substantial gift but
not experience a change in
lifestyle.
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Bequest: Gifts made in a
will, which can be made in
honor or in memory of
someone or for a specific
purpose. All of the gifts
mentioned above can be also
made by bequest in a will.
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