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Name HELM as the beneficiary of an unneeded life insurance policy, or as the transfer on death (TOD) or payable on death (POD) of bank accounts, investment or brokerage accounts and retirement accounts. This simply requires completing a new beneficiary agreement with the financial institution or brokerage holding the accounts. This also allows you to have access to these funds during your lifetime should your situation require those resources.
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If you have a Donor Advised Fund (DAF), consider adding HELM as one of your charitable giving options when it comes time to make distributions.
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If over age 70 ½ with a traditional IRA, make HELM a qualified charitable distribution from your IRA account. This also allows you to avoid claiming that part of the distribution as ordinary income on your taxes. When over 73 ½, the qualified charitable distribution also can serve as the required minimum distribution.
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Make a direct gift of appreciate securities. By transferring the securities directly to HELM, you bypass any capital gain taxes on the appreciation. Please contact us for instructions at (317) 695-8267.
You also can list HELM as a charitable beneficiary in your estate planning documents, such as will or trust. This does require an attorney to make sure the documents are drawn up legally and correctly.
There are other planned gift instruments that provide the donor with a stream of income for a designated number of years or life. HELM partners with the Christian Church Foundation, www.christianchurchfoundation.org, which can assist you with more information and the possible benefits charitable gift annuities and charitable remainder trusts might offer.
If considering a planned gift, please let us know so we can provide the structure and documentation to carry out your long-term wishes. To learn more, call (317) 695-8267.
Please note: HELM does not provide legal or tax advice to individuals or congregations. As with any type of financial transaction, please consult with your personal, legal, or investment expert for professional advice.
Planned gifts are simply that: Gifts typically from accumulated assets such as equities, real estate and retirement accounts that require some planning to happen. Because these gifts are likely the largest a donor may make, they also are called Legacy Gifts – providing your legacy to future generations.
HELM welcomes the chance to discuss the hopes and dreams you have for making an impact through your gift that will support your values. If it is your desire, we can find ways to create an endowed fund that will provide an annual distribution for your selected cause in perpetuity. Some examples:
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Mission & Ministry Fund: This is an endowed fund, restricted or unrestricted, that provides an annual stream of income for general support of the ministries of HELM. Minimum gift: $10,000
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Named Student Support & Scholarship Fund: This endowed fund for a named scholarship will provide an annual stream of income for the donor’s choice of a named scholarship for an undergraduate, seminarian or PhD student. Minimum gift: $25,000
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Named Leadership Fund: An endowed fund that provides an annual stream of income for a specific programmatic area, such as leadership development, seminarian activities, campus ministries, etc. Minimum gift: $50,000
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NOTE: Donors interested in starting an endowed fund have the option of reaching the minimum level over a 5-year period
Here are some simple, tax-efficient ways to make a planned gift that don’t require an attorney’s help:
