Legacy is defined in Merriam-Webster’s dictionary as “something transmitted by or received from an ancestor or predecessor from the past.” We commonly hear about legacies “living on” today when they continue to affect those in the present. What do you want to leave for the world, that will affect it when you are gone?
You can make a profound difference in the life of the most vulnerable population in our community by including The Edward King House in your will, retirement plan or living trust, or other creative ways to improve the lives of seniors. The lifesaving work of the Edward King House is only possible because of donors like you.
Take a look at the many opportunities available to help you make that difference.
MAKE A QUALIFIED CHARITABLE DISTRIBUTION
Are you age 70½ and have a tax-deferred retirement account? Consider using your required minimum distribution (RMD) to make a Qualified Charitable Distribution (QCD). QCDs are tax-free and can reduce the financial impact of RMD income while helping seniors in need.
Giving a gift of publicly-traded securities to The Edward King House will not positively effect lives but potentially save income tax and capital gains tax too. If you own publicly-traded securities that have increased in value since you bought them and your securities provide you with little or no income, this kind of gift may be right for you.
CONTRIBUTE THROUGH YOUR DONOR-ADVISED FUND (DAF)
DAFs allow donors to donate cash, stock, and other assets to receive an immediate tax deduction and then give grants from the fund to charities of their choice over time. Give a gift through your DAF and help The Edward King House address the most pressing needs for seniors in our community.
CONSIDER A CHARITABLE GIFT ANNUITY
If you’re 60 or older and want to help others in your age group while enjoying the security of fixed, dependable payments for life, a Charitable Gift Annuity may be right for you. Gift annuities are easy to set up and the payments you receive are backed by the general resources of The Edward King House.