AOCS Foundation Planned Giving Opportunities

What is Planned Giving?

Typically, planned gifts are arranged through instruments (often maturing at a future date or event), as opposed to cash, pledges, in-kind, or other traditional forms of giving.  While most of the AOCS Foundation programs focus on the need for current income and outright gifts, our planned giving program focuses on the acquisition of future interest gifts.

What are the Benefits of Planned Giving?

• First and foremost, the main benefit for donors is philanthropic.  A gift represents your belief in our purpose and mission.
• Since a planned gift is usually received at some future time, donors can make the gift now without it affecting their current income and expenses.
• Tax savings may be greater with a planned gift.  For example, estate tax burdens may be reduced by designating a portion of the estate to a charitable organization.
• A planned gift is usually integrated into the donor's overall financial, tax, and estate planning objectives so as to maximize benefits for both the donor and the AOCS Foundation.

This is an amazing opportunity to become part of our legacy through your planned gift.

Bequests

This is the easiest and most often used vehicle for making a planned gift.  A specific amount, a percentage, or the residual of the estate can be designated to the AOCS Foundation for general or specific purposes in a person's Will.  Since a Will can be changed at any time, no income tax benefits are associated with a bequest.  However, a bequest reduces the donors' estate for estate tax purposes. 

Life Insurance Policies

There are three types of gift opportunities associated with life insurance.

1. Donors can give a "paid up" policy to the AOCS Foundation and receive an income tax deduction equal to the policy's cash (replacement) value.
2. Donors can name the AOCS Foundation as a beneficiary of the policy resulting in estate tax savings, but no income tax deduction.
3. Donors can name the AOCS Foundation as the owner and beneficiary of a new policy and receive an income tax deduction for the amount of the premiums paid.

Other types of planned giving are available. The AOCS Foundation strongly recommends that you check with your attorney, accountant, or financial advisor to determine which method would be most advantageous for your particular financial and estate-planning situation.

Your interest and consideration are greatly appreciated.

If you would like more information on the AOCS Foundation and the planned giving opportunities, please contact Amy Lydic by e-mail: amyl@aocs.org or by phone: +1-217-693-4807.