The Value of Family
When you think of the word “family,” who comes to mind? Your children or grandchildren? Or perhaps your spouse. Maybe your parents or siblings as well.
To Mrs. Ellis, the family she found at VOA Minnesota & Wisconsin is her rock, and gives her the support she needs to care for her 98-year-old mother – a support she wouldn’t have without the generosity of friends like you!
Finding Family
Choking back tears, Mrs. Ellis declares, “Volunteers of America…[and my fellow] participants have become my family.”
She doesn’t need to guess anymore about the best way to care for her mom. With VOA’s help, she can provide basic needs, like getting her mom a new mattress or finding affordable toiletries.
We aren’t Meant to Do it Alone
More than anything, Mrs. Ellis is grateful for neighbors like you, who are there to help when she needs you most – so she doesn’t have to struggle alone. “The value is far beyond the monetary value,” she declares. “The value is in the souls and spirits of people.”
Contact us today to learn how you can help countless others, like Mrs. Ellis and her mom, care for each other and themselves with a gift from your will or IRA.
Take Care of Family and Leave a Lasting Legacy
Often, individuals assume they have to choose between providing for family and other loved ones or their charitable interests today and in the future. That is not the case; you can do both. It just takes a little bit of planning to accomplish these goals. In fact, you might find that it’s easier than you think!
One way to accomplish this is to “blend” your gifts. For example, one of the largest sources of income that has been a central point in many people’s lives is their retirement savings. You can use those assets to make your charitable gifts.
Make Gifts Through your IRA
If you are 70 1⁄2 or older, you can give directly from an individual retirement account (IRA) to VOA through a qualified charitable distribution (QCD).
It’s possible for you to transfer any amount up to $105,000 this year, free of tax. And if you are 73 or older, your QCDs can satisfy part or all of your required minimum distribution. Please note that the benefits of a QCD are adjusted for those who also make deductible IRA contributions.
Contact us if you have any questions or would like more information about blending your gifts to secure your legacy of compassion for your community.
Plant Your Roots this Summer
Create an estate plan to grow your impact this summer.
Tax-Wise Way to Give
You’ve probably heard the good news that stock market values were at historic highs at the close of 2023. If you are considering cashing in on the appreciation, you’ll share some of your gains with the IRS. A better idea is to use stocks, bonds and mutual finds to make your charitable gifts (instead of cash) and receive a double tax benefit.
Make Your Gifts with Securities
When you give appreciated securities owned for more than one year, you are allowed to deduct the full value of the assets – instead of what you originally paid for them.
In this way, you also avoid any capital gains tax you would owe if you sold the assets. This may be a significant tax advantage even if you don’t anticipate itemizing deductions on your income tax return.
Ensure that compassion never fades. learn more – how can you leave a legacy of compassion through planned gifts.
