With a planned gift to the Julian Center, you can combine your desire to give to charity with your overall financial, tax, and estate planning goals. Planned giving gives you a special connection with the Julian Center. You will help those healing from their experience of sexual assault and domestic violence — for now and for years to come.
Charitable Gift Annuities
In exchange for your irrevocable gift of cash or securities, The Julian Center will pay you a guaranteed fixed income for the rest of your life and/or the life of a designated loved one. A portion of your annual income is tax-free and you receive a charitable tax deduction at the time of your gift.
A charitable trust is a contract between you and The Julian Center where you transfer cash, stock, or property in exchange for an income for life. The exchange allows you to bypass capital gains taxes, diversify your assets, and reduce income tax as well as estate taxes.
There are two basic types of charitable remainder trusts:
An annuity trust pays you a fixed dollar amount for the rest of your life.
A unitrust will pay you a fixed percentage of the trust principal each year. If the value of the trust principal increases over time, your income increases with it.
Donor Advised Fund
A donor advised fund is a flexible way to manage your charitable giving and a cost-effective alternative to establishing a private foundation.
While The Julian Center does not directly manage Donor Advised Funds, there are a number of financial institutions and community trusts that can assist you in establishing your fund.
A charitable bequest is a distribution from your estate to the Julian Center through your last will and testament. You can designate a fixed percentage of your estate, a fixed amount, or a residual amount.
A charitable bequest can reduce capital gains taxes, protect your estate from excessive taxes, and leave a legacy to The Julian Center.
To insure your wishes are successfully carried out, you must use specific language in your will to specify the precise direction of your assets. Here are the common types of bequests and samples of the language used for each. We encourage you to carefully review the terms of your will with a professional knowledgeable in handling trusts and estates.
General bequests are gifts that come from the general value of your estate and are made by designating a specific dollar amount, a particular asset, or a fixed percentage or your estate.
“I give, devise, and bequeath to the Julian Center, the sum of $[Amount] (or a description of the specific asset), for the benefit of the Julian Center and its general purposes.”
Specific bequests are gifts of a particular item or property bequeathed for a designated purpose.
“I give, devise, and bequeath to the Julian Center, the sum of $[Amount] (or a description of the specific asset), for the benefit of the Julian Center to be used for the following purpose: [state the purpose]. If at any time in the judgment of the officers of the Julian Center it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Residual bequests are gifts made when you intent to leave the residue portion of your assets after other terms of your will have been satisfied.
“All the rest, residue, and remainder of my estate, both real and personal, I give to the Julian Center, for its general purposes.”
Contingency bequests allow you to leave a portion of your estate to The Julian Center if your named beneficiary does not survive you.
“I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to The Julian Center, for its general purposes.”
Life Insurance Donation
If you have a paid up insurance policy you no longer need, you can gift it to The Julian Center. By naming The Julian Center the owner as well as the beneficiary of the policy, the gift is tax deductible. The gift will be based on the value of the policy at the time of the donation.
Contributions and/or grants from your Donor Advised Fund can be made to The Julian Center and other charitable organizations of your choice while you receive these benefits:
- An immediate tax deduction
- The flexibility of one source for charitable giving, without the costs and administrative obligations of a private foundation
- No start-up costs or administrative expenses
Fund provides more ongoing tax benefits than with a private foundation