Leave A Legacy Of Love
Choosing to include Alliance for Youth in your will is a powerful statement of your commitment to nurturing and supporting vulnerable youth and families. Your legacy will become a beacon of hope, illuminating the path for countless generations to follow.
A CHARITABLE BEQUEST IS ONE OF THE SIMPLEST AND MOST IMPACTFUL
GIFTS TO MAKE
By naming Alliance for Youth in your will, you can guarantee that your legacy of caring for vulnerable youth and families will continue for generations to come.
Please see below simple bequest language, which may be helpful to you and your attorney. Of course, the numbers and percentages are merely illustrative and may be changed as you desire.
Bequest Of Cash
I give the sum of $10,000 to Alliance for Youth, Inc., a 501(c)(3) a non-profit organization located in Great Falls, Montana, Federal Tax ID 81-0429575, for its general purposes.
Bequest of Real or Personal Property
I give my house/car/RV/motorcycle/farmland to Alliance for Youth, Inc., a 501(c)(3) a non-profit organization located in Great Falls, Montana, Federal Tax ID 81-0429575, for its general purposes.
Bequest of Percentage of Estate
I give twenty-five percent (25%) of my estate to Alliance for Youth, Inc., a 501(c)(3) a non-profit organization located in Great Falls, Montana, Federal Tax ID 81-0429575, for its general purposes.
Contingency Bequest
I give twenty-five percent (25%) of my estate to my sister, Mary Doe, if living at the time of my death, and if not, to Alliance for Youth, Inc., a 501(c)(3) a non-profit organization located in Great Falls, Montana, Federal Tax ID 81-0429575, for its general purposes.
Montana Endowment Tax Credit (METC)
The METC is an ideal way for you to help ensure Alliance for Youth is able to support future generations while also reaping immediate tax benefits for yourself. Both planned and outright gifts may qualify for the METC.
Planned Gift – Credit against state income tax liability in the amount of 40% of the present value of any planned gift to a permanent endowment of a Montana charity up to a maximum amount of $15,000 per year per taxpayer. [Applies to individual or business entity taxpayers.]
Outright Gift – Credit against state income tax liability in the amount of 20% of the present value of any outright gift by a business entity to a permanent endowment of a Montana charity up to a maximum of $15,000 per year per taxpayer. [Applies to corporations, small business corporations, partnership or limited liability company taxpayers.]
Alliance for Youth is a 501(c)(3) non-profit and has a qualified permanent endowment fund established, which is the first criterion for a planned gift to qualify for the METC. The second criterion is that the contribution must be irrevocable and in the form of a planned gift.
Please reference the Montana Code Annotated, 15-30-2327 to 15-30-2329 for details on the METC.
Real Property
A gift of real property can greatly reduce your taxes while meeting your charitable goals. Gifts of property can be used directly by Alliance for Youth or sold for cash value to expand and sustain the services we provide. Gifts of real property must be considered in advance by Alliance for Youth staff. Please contact our Development Director, Thomas Risberg, 406-590-7114, [email protected], if you are considering this type of gift, either now or in your will.
IRA Charitable Rollovers
Individuals 70½ and older are allowed to transfer up to $100,000 from their individual retirement accounts directly to a qualified charitable organization without being subject to income taxes on the distribution.
Here are some important details to keep in mind:
- You must be age 70½ or older at the time of the gift. This opportunity applies only to IRAs and not other types of retirement plans.
- You can transfer up to $100,000 directly from your IRA. The gift can satisfy your annual minimum distribution.
- You do not have to donate your entire annual distribution, making this an ideal option if you would like to keep some of the funds each year.
- You must transfer the funds outright to one or more qualified charities. Direct transfers to charitable trusts, donor advised funds, or charitable gift annuities are not permitted.
Life Insurance
Naming Alliance for Youth as a beneficiary of a life insurance policy is another effortless way to keep your legacy strong and continue to help Alliance for Youth serve vulnerable youth and families for generations to come. If your family is grown, and no longer in need or eligible for your life insurance benefits, this is an excellent option.
We Are Here To Support You
Alliance for Youth is standing by to work with you and your attorney, accountant, financial planner or other trusted advisor to help you craft a planned gift tailored to your unique charitable goals.
Please contact our Development Director, Thomas Risberg, [email protected], 406-590-7114, for more information.