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Immediate Gifts & Gifts in Your Will or Trust


1. MAKE AN IMMEDIATE CONTRIBUTION: HOW IT WORKS
  • You contribute cash or other assets as a designated gift to the Laguna Beach Seniors Endowment.
  • You receive an immediate tax deduction.
  • You maximize the tax advantages when you donate stocks, mutual funds, bonds, or other appreciated assets. Not only do you receive a tax deduction for the fair market value of the assets at the time you donate them,  you also avoid a capital gains tax on their appreciated value.
  • It's the simplest way to "give forward" -- and you can watch your generosity go to work shaping the future of Laguna Beach Seniors.

2. MAKE A BEQUEST IN YOUR WILL OR TRUST: HOW IT WORKS
  • You include a bequest provision to Laguna Beach Seniors in your will or revocable trust. You can give a specific amount, a percentage of your estate, or a specific asset such as securities, your home or your retirement fund. 
  • Your assets remain in your control during your lifetime.
  • You can modify your bequest if your circumstances change.
  • Bequests to charitable organizations are excluded from estate tax.
  • At your death, your will or trust directs your bequest to Laguna Beach Seniors for the purposes you specify.
  • We can arrange, at no cost, for an estate planning attorney to prepare a simple amendment to your trust or will.

3. DONATE RETIREMENT PLAN ASSETS: HOW IT WORKS
  • You name Laguna Beach Seniors as the sole or partial beneficiary of your IRA, 401(k), or other qualified plan, using the beneficiary designation form provided by your financial institution.
  • You continue to make withdrawals from your account during your lifetime. Any residual will then flow to LBS according to your allocation on your beneficiary designation form.
  • You can escape both income AND estate tax levied on the residual in your retirement account.
  • You can designate all or a percentage of your account, and change your beneficiaries, at any time. There is no charge to update your beneficiary form.
  • After age 70 ½, when you are required to take an annual distribution from your retirement accounts, you may direct up to $100,000 annually to charitable organizations like Laguna Beach Seniors, and the amount will not be included in your taxable income.
  • As a nonprofit, Laguna Beach Seniors does not pay tax on these gifts, and can put every dollar of your gift to work.

4. DONATE LIFE INSURANCE: HOW IT WORKS
  • If you have a paid-up life insurance policy and no longer need its protection, transferring the ownership to Laguna Beach Seniors can result in tax benefits for you as well as a generous gift to the Endowment.
  • You receive an immediate income tax deduction for the cash value of the policy.
  • Laguna Beach Seniors can elect to cash in the policy now or keep the policy and receive the life benefits later.
  • You have the satisfaction of making a significant gift now to LBS without adversely affecting your cash flow.
Please Note: We always recommend that our donors consult with their financial advisors before making a planned gift to the Laguna Beach Seniors Endowment.

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