BEQUEATH A LEGACY
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Planned giving will ensure, once you pass on, that your resources are used to benefit your favorite charities. Talk with your legal counsel and/or tax advisor about bequests and trusts. You can establish a trust that will ensure both your beneficiaries and the York County Council on Aging receive funds per your instructions, when the time comes.
With an average of 250 hungry, low income and homebound seniors on the waiting list for daily meal delivery, the York County Council on Aging needs your help to provide the most basic need... food.
Unless specified otherwise, every cent of every donation and bequest goes to feed a hungry senior in our community. If you prefer, we can designate that your gift be applied to any of our services upon your request.
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If you're considering leaving a gift to the York County Council on Aging, there are several ways to achieve this. Below are a few options. Be sure to speak to your financial planner or accountant about which option is best for you.
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GIVING OPTIONS
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Bequest
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A bequest is the simplest type of planned gift and one of the easiest to implement. This is gift made to the York County Council on Aging that is specified in your will or estate plan . Bequests may transfer either a specific dollar amount or a percentage of your estate.
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Charitable Gift Annuity
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A charitable gift annuity is a simple agreement between you and the York County Council on Aging, in which an irrevocable donation of cash, stocks, or appreciated property is made.
In return, you receive a lifetime guaranteed income and a charitable deduction for a portion of your gift. The amount remaining at the end of life will then be used to benefit York County Council on Aging.
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Charitable Remainder Trust
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A charitable remainder trust is a gift that turns an appreciated asset of stock or property that may be producing little income into a productive asset, frequently avoiding capital gains on the sale of the asset. Although you donate the asset as a charitable gift, you may continue to use and/or receive income from it during your lifetime. The York County Council on aging then receives the principal after a specified time period. You avoid a capital gains tax on the donated asset, and the gift also reduces subsequent estate taxes because it removes the asset from your estate.
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Real property
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Real property includes all gifts of real estate. Donors may contribute their residence, vacation home, commercial property, or undeveloped land. Real property also may include gifts of artwork. Real property can be donated either as a current gift or as part of the planned giving process.
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Again, please be sure to consult your tax, legal, and accounting advisors, as well as family members, to assist you as you create or update your estate plans.