Your legacy gift is a personal expression of your commitment to saving children, healing families and strengthening communities. Below are our recommendations of ways to give. We hope we’ve identified some options that may be right for you.
- Recommend a grant from your donor advised fund
- IRA charitable rollover
- Memorial or tribute gift
- Gifts of real estate
- Gifts of securities
- Gifts of closely held business interests
- Gifts of tangible personal property
Recommend a grant from your donor advised fund: You can now initiate a grant recommendation from your donor advised fund, or DAF, using the link below. Simply start typing in your fund provider name and the system will prompt you through the process.
IRA charitable rollover: Many donors feel that the direct transfer of funds from an IRA to Boys Town is an effective way to create their legacy with Boys Town and provide second chances to at-risk children and families. Here’s how it works:
- You must be 70 ½ or older.
- An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
- Your gift must be transferred directly from the IRA account to Boys Town.
- Your gift is a transfer of funds from your IRA to Boys Town, so it does not create taxable income for you and is not considered a charitable tax deduction.
- The transfer of funds counts towards your annual Required Minimum Distribution from your IRA.
If you’re interested in this popular way to support Boys Town, download a sample letter for your IRA administrator here.
Memorial or tribute gift: A memorial or tribute gift for Boys Town is a meaningful way to express your love, admiration, and gratitude for someone special. Your gift will honor your loved one, create a lasting tribute, and support Boys Town and our shared mission for years to come. A memorial or tribute gift connects you, your loved one(s) and the futures of at-risk children and families across America for years to come.
Endowment: Establishing an endowment is a powerful way to impact the future of Boys Town. An endowment is essentially a never-ending donation because only the income earned on the principal is used by Boys Town. This type of gift allows the principal of the gift to remain intact, ensuring the future strength and viability of Boys Town.
Gifts of real estate: You can donate appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property. This is an easy and effective way to fund a gift for Boys Town to save children and strengthen families and communities for years to come. What’s more, you can leave this generous gift and use the property throughout your lifetime. You may also receive a tax deduction for your gift.
Gifts of securities: Stocks, bonds, and mutual funds that have appreciated in value are among the best ways to support Boys Town for years to come. You may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock.
Gifts of closely held business interests: You can create an effective legacy gift with donations of business interests such as stock in a closely held corporation, S-corporation stock, and shares in a professional corporation. When you give this special gift, you receive a charitable income tax deduction for the full fair market value of the shares without capital gains liability. You can even use the shares to fund a legacy gift that will pay you income for life.
Gifts of tangible personal property: You can fund a gift by transferring paintings, antiques, collectibles, or other items of personal property. You receive an immediate tax deduction for the appraised value of your gift and avoid capital gains tax (if your gift satisfies the related use requirements of the IRS). You can even use your gift of personal property to fund a legacy gift that will pay you income for life.
We recommend consulting with your financial partner and with Boys Town to select the gift that’s right for you. Please contact Boys Town Directors of Gift and Estate Planning Jeremy Belsky or Craig McGarry, at 888-332-3219 or email@example.com.