Ways to give to the Bridges Foundation
There are several ways to give to Bridges Foundation:
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bequests, deferred giving, or legacy gifts.
For planned giving to the Bridges Foundation, here is some information you might find helpful.
Planned giving, bequests, deferred giving, legacy gifts are all terms to describe the mode of donating through estate-planning vehicles such as trusts and wills. Please consider our planned giving program as a way to leave a legacy of supporting our individuals with disabilities.
Planned gifts can offer tax benefits to donors.
Estate planning tools such as bequests, IRA asset allocation, Charitable Gift Annuities (CGA), and Charitable Remainder Trusts offer significant tax incentives to donors. For example, a bequest is 100% deductible from a donor’s estate and can reduce potential estate taxes. A CGA offers the donor a tax deduction and can potentially sidestep capital gains taxes. Certain planned giving vehicles also enable the donor to ensure that his or her heirs will be financially provided for, alongside supporting a charitable cause.
Planned gifts offer donors a say in how the funds will be used.
Whether a donor is publicly memorialized by a bequest or remains anonymous is something that can be pre-decided by the non-profit and the donor. The donor can also specify how he or she wishes the funds to be used–i.e. by supporting specific programs organized by the non-profit, creating a scholarship, or establishing an endowment. Also, certain planned giving tools allow broad flexibility to the donor to make changes to the planned giving arrangement.
Planned gifts allow donors to support a cause without affecting the donor’s current financial situation.
Since most planned giving can be structured to take effect after the life of the donor, the donor would not have to accommodate any changes in their current daily lifestyle.
Planned gifts are often larger than annual or capital gifts. Because of the built-in tax benefits and sentimental nature of giving the “ultimate” gift, planned giving amounts tend to be larger than annual donations or donations made from capital earned on existing bank accounts.
You may prefer to engage an attorney who is knowledgeable about estate planning and also has a good working knowledge about tax implications for the non-profit as well as for the donor.
Support Bridges Foundation through the Community Foundation for Brevard
Community Foundation for Brevard serves as a leader, catalyst and trusted resource for philanthropic individuals & organizations to expand, enhance and sustain Brevard’s quality of life. Bridges Foundation is one of CFB’s designated non-profit organizations that you can support through their endowment fund by clicking here.
Grants from the endowment fund will be used to assist those who are unable to financially afford the services needed and to assure the continuity and award-winning excellence of Bridges services.
A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling toll-free 1-800-HELP-FLA or online at www.Floridaconsumerhelp.com, registration does not imply endorsement, approval, or recommendation by the state.”
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