Planned Giving

Planned Giving Basics: What Is a “Planned” Gift?

Planned giving is a term commonly used to describe a wide variety of donation options that allow you to contribute to New Jersey AMVETS during your lifetime, or after your death, while at the same time addressing your current income needs and/or your desire to provide for your heirs. Planned gifts are usually contemplated by donors when they draw up their estate plans. However, the process of amending these arrangements at a later date to include charitable giving is a relatively uncomplicated one.

From a donor perspective, planned giving is attractive for many reasons. Certain planned giving vehicles generate income for defined periods or for life, offer higher yields than commercial investments, and result in reduced capital gain and estate taxes. Planned gifts are a viable option for those donors who are uncertain how much of their assets they will need to support themselves and their families during their lifetimes, especially during retirement years.

The most common types of planned gifts are bequests, life insurance policy designations, gifts of retirement fund assets, Charitable Remainder and Charitable Lead Trusts, and Charitable Gift Annuity agreements.

What Are My Planned Giving Options?

Charitable Bequests

The term "charitable bequest" is used to describe any assets that you leave New Jersey AMVETS from your estate through your will or a trust. You can arrange to bequeath a gift from your estate in several different ways. You can set aside a specific dollar amount, leave a percentage of your estate, or donate any assets left over after your family has been provided for. At the time of your death, the value of the assets you designate to New Jersey AMVETS will be eliminated from your taxable estate.

Life Insurance Policy Designation

By designating New Jersey AMVETS as either the primary or a contingent beneficiary of your life insurance policy, 401(k) Plans and Retirement Funds 

Whom Do I Contact?

For more information about how a planned gift might fit into your overall giving to New Jersey AMVETS as well as your financial plans, please contact:

New Jersey AMVETS

415 Shore Road

Somers Point, NJ 08244

Telephone 609-526-4356

Note: NJ AMVETS Strongly encourages the consultation with a professional legal advisor when preparing a will. This should not be used as legal advise

 

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AMVETS
AMERICAN VETERANS
ADMINISTRATIVE OFFICE

415 Shore Road
Somers Point, NJ 08244

Tel: 609-526-4356

Fax: 609-526-4659


E-mail us at   

 amvets@amvets-nj.org

 

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