Planned Giving

Do you have a life insurance policy that you no longer need now that your children are out of college and on their own? Life insurance is a low-cost, simple way to make a significant planned gift. Simply name Boys & Girls Clubs of Portage County a partial, contingent, or full beneficiary, or even the owner of your policy.

Designate the Clubs as a full or partial beneficiary of your qualified retirement plan (IRA, 401(k), 403(b)) using a beneficiary form. Avoid possible taxes for IRA or retirement plans left to non-spousal relatives by naming the Clubs as the beneficiary.

IRA Charitable Rollover

Are you 70 ½ or older? You can direct up to $100,000 of your required minimum distribution (RMD) to charity and pay no income taxes.

You can give real estate you own but no longer need or want to manage, like a vacation home, farm, or rental property, either during your lifetime or in the future. Enjoy a tax deduction based on the fair market value and avoid capital gains tax arising from the sale of the property.

*The Clubs will assess the real estate for compliance with our acceptance policies and determine if your property is a good fit for our planned giving program.

Turn stock market gains into an investment in Portage County youth! Your gift of appreciated securities qualifies for a tax deduction based on the full market value of your stock and avoids capital gains tax that would otherwise arise from the direct sale.

What if you could support the Clubs while also making your own retirement more financially secure? You can, with a special gift that can pay you income for life, reduce your tax burden, and help kids in your community. While it might sound complicated, it’s really quite simple.

Gift Annuities

Transfer cash or appreciated property to the Clubs and receive fixed income payments for life, receive an immediate charitable deduction and avoid capital gains tax on the sale of appreciated property. A gift annuity is available through Boys & Girls Clubs of America and requires a minimum gift of $10,000. You must be at least 60 years old.

Charitable Remainder Trusts

Transfer appreciated property to an irrevocable trust and receive an immediate charitable tax deduction, avoid current capital gains taxes on long-term appreciated property, and make regular payments throughout your life. Upon death remaining assets in the trust are transferred to charity.

Charitable Lead Trusts

Transfer appreciated property to your family for the future through an irrevocable charitable trust. You designate the trust to exist for a specific number of years or until death. The charity receives an annual contribution, and at the end of the term or death, the assets will pass on to family or friends as beneficiaries. Careful planning makes it possible to reduce – or eliminate- taxes normally due to the transfer of wealth to loved ones.

For more details on the specific giving vehicles, we are pleased to offer additional resources (such as videos and gift calculators) through Boys & Girls Clubs of America.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Examples are for hypothetical purposes only and are subject to change.

Recommend a Grant from Your Donor Advised Fund to benefit Boys & Girls Clubs of Portage County! While the Boys & Girls Clubs of Portage County (“BGCPC”) does not sponsor a donor-advised fund (“DAF”), it is a qualified nonprofit to receive grants from DAFs. Recommending your DAF provider make a grant to BGCPC to benefit your preferred designation at the Boys & Girls Clubs.