Legacy Giving

Bequests are the giving vehicle of choice because they are easy to arrange. A bequest is communicated through your last Will and Testament. This can be done by giving a particular amount or a percentage of your estate.  Your lawyer should assist you with this.

Benefits of a bequest gift:

• It’s simple: Leaving a gift in your Will is easy to arrange
• It’s flexible: A gift in your Will can be made no matter how old you are or how much you have to give
• It has tax advantages: A gift in your Will is a highly effective way to reduce taxes on your estate.  This means you can pay less tax to the government and more to ministry
• It has a lasting impact: Leaving a charitable gift in your Will gives you the satisfaction that the areas you felt strongly about in your lifetime will continue to receive support, even after you’re gone
• It’s personalized: You can make a general gift, or choose to designate it to a specific Crossroads program, the 24/7 Prayer Lines or other

Gifts-in-kind donations are made in the form of an asset or property that has real value and is not a gift of cash. The most common gifts-in-kind are securities such as stock, bonds, mutual funds or donations of real estate.

Benefits of a gift-in-kind:

• Significant tax savings
• Avoid capital gains tax on securities
• Receive a charitable tax receipt for fair market value to use for the current taxation year or to be carried over for a maximum of five years
• Excellent tax planning strategy when considering downsizing, retirement or at estate time
• Have the satisfaction of seeing your gift at work today