You can support the seniors of today and tomorrow
Through their generosity, donors like you have created new possibilities for seniors of all faiths. You can accomplish even more and leave a lasting legacy for seniors, today and in the future, by including Presbyterian Villages of Michigan (PVM) Foundation in your estate plans.
Will or Living Trust
You want to leave money to PVM Foundation in your will. You also want the flexibility to change your will in the event that life circumstances change.
You can do both.
This type of donation to PVM Foundation in your will or living trust helps ensure that we continue our mission for years to come.
Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three, simple steps to make this type of gift. Here’s how to name PVM Foundation as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
Charitable Gift Annuities
There’s a way for you to support PVM Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Charitable Remainder Trusts
If you have built a sizeable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Other Ways to Give
IRA Charitable Rollover
See Your Generosity in Action
If you are 70½ years old or older, you can take advantage of a simple way to benefit PVM Foundation and receive tax benefits in return. You can give any amount up to $100,000 per year from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- If you are at least 72 years old and have not yet taken your required minimum distribution for the year, your gift can satisfy all or part of that requirement.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Memorials & Tribute Gifts
Honor Someone Special With a Future Gift in Their Name
If you have a loved one who has been impacted by PVM Foundation, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.
Want to make a big gift to PVM Foundation without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. This eliminates capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.
Another benefit: You don’t have to hassle with selling the real estate. You can deed the property directly to PVM Foundation or ask your attorney to add a few sentences in your will or trust agreement.
An endowment gift to PVM Foundation today provides a brighter picture for future seniors. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at PVM Foundation. The remaining funds are reinvested to ensure indefinite support.
Donor Advised Funds
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to PVM Foundation and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend-but not direct-how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
Charitable Lead Trusts
You can benefit from the tax savings that result from supporting PVM Foundation without giving up the assets that you’d like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to PVM Foundation:
A charitable lead annuity trust pays a fixed amount each year to PVM Foundation and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to PVM Foundation go up as well.