Naming BGCMC as a beneficiary of one of your assets (IRAs or retirement plans, life insurance policy, etc.) is a simple and powerful way to support the life-changing work of our Clubs without having to pay an attorney to update your will.

Life Insurance
Do you have a life insurance policy that you no longer need now that your children are out of college and on their own? Life insurance is a low-cost, simple way to make a significant planned gift. Simply name Boys & Girls Clubs of Manatee County a partial, contingent, or full beneficiary, or even the owner of your policy.

Retirement Assets
Designate our Clubs as a full or partial beneficiary of your qualified retirement plan (IRA, 401(k), 403(b)) using a beneficiary form. Avoid possible taxes for IRA or retirement plans left to non-spousal relatives by naming the Clubs as the beneficiary.

IRA Charitable Rollover
Are you 70 ½ or older? You can direct up to $100,000 of your required minimum distribution (RMD) to charity and pay no income taxes.

Click here to learn more about IRA Charitable Rollovers.

Real Estate/Other Assets
You can give real estate you own but no longer need or want to manage, like a vacation home, farm, or rental property, either during your lifetime or in the future. Enjoy a tax deduction based on the fair market value and avoid capital gains tax that would arise out of sale of the property.*Our Clubs will assess the real estate for compliance with our acceptance policies and determine if your property is a good fit for our planned giving program.

Securities
Turn stock market gains into an investment in our area youth! Your gift of appreciated securities qualifies for a tax deduction based on the full market value of your stock and avoid capital gains tax that would otherwise arise from the direct sale.

Click here to learn more about Gifts of Appreciated Securities.

Turn your generosity into lifetime income! Instead of choosing between your philanthropic goals and financial security, CGAs allow you to receive fixed payments for life in exchange for a donation that benefits children in your community.

What if you could support our Clubs while also making your own retirement more financially secure? You can, with a special gift that can pay you income for life, reduce your tax burden and help kids in your community. While it might sound complicated, it’s really quite simple.

Gift Annuities

Transfer cash or appreciated property to our Clubs and receive fixed income payments for life, receive immediate charitable deduction and avoid capital gains tax on sale of appreciated property. A gift annuity is available through Boys & Girls Clubs of America and requires a minimum gift of $10,000. You must be at least 60 years old.

Charitable Remainder Trusts

Transfer appreciated property to an irrevocable trust and receive an immediate charitable tax deduction, avoid current capital gains taxes on long-term appreciated property and regular payments through your life. Upon death remaining assets in the trust transfer to charity.

Charitable Lead Trusts

Transfer appreciated property to your family for the future through an irrevocable charitable trust. You designate the trust to exist for a specific number of years or until death. Charity receives an annual contribution and at the end of the term or death, the assets will pass on to family or friends as beneficiaries. Careful planning makes it possible to reduce – or eliminate – taxes normally due to transfer of wealth to loved ones.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Examples are for hypothetical purposes only and are subject to change.