Palmer Senior Citizens Center   Palmer Senior Citizens Center

Planned Giving

 

What is Planned Giving?

 

Planned giving is the process of making an important, enduring contribution to a charitable organization after carefully considering the nature and timing of your gift, as well as the tax benefits to you, the donor.

 

 

You can arrange to make a planned gift either during or after your lifetime.  The most common form of planned giving is a simple bequest, in which an individual's will provides for a gift of cash, stocks, bonds, real estate, or personal property to a charitable organization.  However, many individuals choose to make planned gifts during their lifetimes.  By working with a qualified attorney or other professional advisor, you can maximize the tax benefits of your gift and have an immediate impact on the lives of Alaskan seniors.

 

 

What does planned giving have to do with the Palmer Senior Citizens Center?  

 

Government funding for Alaskan senior centers is not keeping pace with the rapidly rising costs of food, fuel, and other commodities.  Compounding this problem is the unprecedented growth of Alaska's senior population.  Greater demand for services and skyrocketing costs have forced senior centers across Alaska to examine additional sources of funding.  Planned giving presents an excellent opportunity for you to leave a lasting impact on your local senior community while simultaneously taking advantage of the federal tax benefits associated with charitable giving.

 

 

 

What types of assets can I donate?

 

The Palmer Senior Citizens Center gladly accepts generous contributions of cash, bonds, real estate, and personal property.  Individuals can donate their paid-up life insurance policies or name the Palmer Senior Citizens Center as a beneficiary of their IRA, 401(k), or other retirement account.  Assets donated through planned giving can have many forms, and the Palmer Senior Citizens Center suggests that you consult with a qualified attorney or other professional advisor before making a planned gift.

 

 

What are the benefits of planned giving?

 

  • Reduced liability for federal income and/or estate taxes;
  • Improved health and wellbeing for seniors in your community; and
  • A legacy of charity, generosity, and goodwill toward your neighbors. 

 

How can I leave a planned gift in my will?

 

The best way to ensure that your bequest will maximize tax benefits and fulfill the intent of your gift is to consult a qualified estate-planning attorney.  Explain that you would like to make a gift to the Palmer Senior Citizens Center in your will.  The Palmer Senior Citizens Center's official bequest language is:

 

“I give, devise, and bequeath to Palmer Senior Citizens Center, Inc., of Palmer, Alaska, (insert amount or nature of your gift ) to be used for its general purposes.”

 

 

Where can I get more information about planned giving?

 

If you would like to learn more about planned giving, please contact the Palmer Senior Citizens Center at 745-5454.  We will be happy to address your questions and provide you with a list of local attorneys who may be able to help you arrange your planned gift.  If you already have an attorney, consult with him or her about the possibility of making a planned gift to the Palmer Senior Citizens Center.

 

 

Remember, “We make a living by what we get.  We make a life by what we give.”

                                     - Sir Winston Churchill

Seniors helping seniors!

Copyright © Palmer Senior Citizens Center, Inc.