Using a Blended Gift to Reach Your Charitable Giving Goals

• Jay: "We wanted to make a big commitment to help fund a special project with our favorite nonprofit organization, but we weren't able to make the full gift this year."

Jay and Amy contacted our organization to discuss their desire to help but also to explain their funding limitation. We explained that by using a combination of their available resources and planned gifts, they could still achieve their objectives. We suggested the following options for Jay and Amy to consider.

• A $25,000 cash gift today combined with a separate $37,500 bequest in both Jay and Amy's wills (no cash out-of-pocket).
• A $25,000 gift of appreciated stock (no cash out-of-pocket and significant tax savings) and a $75,000 bequest in the will of either Jay or Amy, depending on which spouse outlives the other.
• A $25,000 gift of appreciated stock, a $50,000 charitable gift annuity funded with stock (numerous tax advantages and fixed payments for life) and a $25,000 bequest.

After careful consideration, Jay and Amy decided to make a gift of cash and to include a bequest in each of their wills.

• Amy: "We decided to make a gift of cash and to each make a bequest. By making a $25,000 cash gift and satisfying the remaining balance with a bequest in each of our wills, we are able to achieve all of our goals."

Using a combined giving strategy, Jay and Amy will be able to make a $100,000 gift to our organization. They loved the fact that they could make a gift during life that provided a tax deduction, and that they had the ability to see their gift at work today while also committing to support our work in the future.

What is a Blended Gift?

A blended gift is a combination current and future gift made to support the work of Washington County Community Foundation.

Blended Gifts video

Popular Blended Gifts

1. Gift and Bequest

A "Gift and Bequest" is a combination of a current gift and a charitable gift made in your will or trust. It is an easy way to support our cause today and make a lasting future impact on Washington County Community Foundation.

Benefits:

• Receive a charitable income tax deduction for your gift made to us this year
• Continue to use and control your assets during your lifetime
• Leave a lasting legacy through a bequest to support our work after you are gone

How it works:

• You can make a gift to support our work this year by contacting us or visiting our website. A charitable bequest is a way to make your giving go further. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to Washington County Community Foundation as part of your estate plan, or you can make a bequest by designating us as a beneficiary of your retirement account or life insurance policy.

2. Endowment Gift and Bequest

You can create your own endowed fund this year by reaching out to us or visiting our website. If you'd like to increase your impact even more in the future, a charitable bequest is a simple and thoughtful way to do that. With help from your attorney, you can include a gift to the Washington County Community Foundation in your will or trust. You can also name us as a beneficiary of your retirement account or life insurance policy—another easy way to carry your giving forward.

Benefits:

• Receive a charitable income tax deduction for your endowment gift this year
• See firsthand how your gift makes a difference
• Continue your commitment to our work by leaving a bequest to endow your giving

How it works:

• You can make a gift to support our endowment this year by contacting us or visiting our website. A charitable bequest is an easy way to continue your commitment to us after you are gone. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to Washington County Community Foundation as part of your estate plan, or you can make a bequest by designating us as a beneficiary of your retirement account or life insurance policy.

3. IRA Rollover Gift and Bequest

One powerful way to support the causes you care about is by combining IRA rollover gifts today with a future bequest. This approach allows you to make a difference now and extend your impact for years to come. An IRA Rollover and Bequest helps you reach your giving goals—starting your annual support today while creating a legacy that lives on tomorrow.

Benefits:

• If over age 70½, you can roll over up to $111,000 from your IRA to charity
• You are not taxed on the IRA charitable rollover
• If over age 73, IRA rollover may fulfill your required minimum distribution

How it works:

• You may start the IRA rollover gifts plan during your lifetime with gifts each year. You may continue with similar IRA rollover gifts in future years. Finally, make your giving go further and create a lasting legacy by adding a charitable bequest to your IRA rollover gifts. A bequest is an easy way to leave a gift to our community or your favorite cause as part of your estate plan.

4. Gift and gift annuity

An attractive way you can help us our community and receive lifetime payments is to make a gift today and fund a gift annuity. A "Gift and Gift Annuity" enables you to achieve your goals.

Benefits:

• A helpful benefit of this gift is that you receive an income tax deduction
• A gift annuity provides fixed payouts for one or two lives
• With a gift annuity funded with cash, a substantial amount of each payout is tax free

How it works:

• You can make your giving go further—and create a lasting legacy—by adding a charitable gift annuity to your current gift. In return, you'll receive fixed payments for life and enjoy valuable tax benefits. When those payments end, your gift will continue to support the causes you care about. A charitable gift annuity is a smart and meaningful way to make an even bigger impact.

Is a blended gift right for you?

If you have ever thought, "I would like to make a gift to a nonprofit but am apprehensive about my future," a blended gift might be right for you. There are many different ways to structure blended gifts. Contact us to see how you might be able to use a blended gift strategy to achieve your goals while supporting our mission.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to create a printable illustration of your income and tax benefits with our calculators.