Love your community – give to it’s future

We can help you plan how to direct your financial assets for the future

Make your legacy last beyond you

Invest in tomorrow

As we look at our lives, we often want to make an impact on the future and planning how to direct your financial assets is the easiest and most effective way to ensure that your financial assets will be used to do good for your community even after you are not here to do so.

Many of our donors not only support our work in northern Lancaster County by giving annually, monthly, and volunteering, but they also help ensure REAL Life’s Christ-centered ministries can continue to impact our community for the future.

If this interests you, the best first step is to create a will that explains your long-term goals to those who will make sure they are carried out.  We have resources to walk you through that process.

What is Planned Giving?

Are you interested in Planned Giving?

Planned Giving (sometimes called Gift Planning or Legacy Giving), enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income.

Some planned gifts provide life-long income to donor. Other gift plans use estate and tax planning to provide for charity and heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.

Thus, by definition, a planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning. These include gifts of equity, life insurance, real estate, personal property, or cash.

By contrast, gifts to the annual fund or for membership dues are made from a donor’s discretionary income, and while they may be budgeted for, they are not planned.

Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both donor and charity.

Make Qualified Charitable Distributions (QDCs) Work for You

We here in Lancaster County are known for our generous character.  One tool to make sure that all of our neighbors are enjoying the same lifestyle as us is through QCDs, or qualified charitable distributions form your IRA.

A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $105,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions.

Once you reach age 72, you must take a Required Minimum Distribution (RMD) from your taxable retirement accounts.  This RMD is included in your taxable income.  Most retirees are no longer able to deduct their charitable giving due to the increased Standard Deduction.  This is where the Qualified Charitable Distribution (QCD) comes in.  You can satisfy the IRS requirement to withdraw from your IRA (without paying tax on the withdrawal) by making a charitable contribution and designating REAL Life Community Services directly from the fund company.  In this way, you can donate out of your IRA account from money you haven’t paid tax on rather than from your bank account.  The retiree does not get taxed on the Qualified Charitable Distribution and therefore is able to keep more money in his/her bank for living expenses.  With your QCD, you would give your donation once a year rather than weekly or monthly.  It’s like giving your donation in advance.

Leave a Legacy that Lasts

It has been reported that 70% of the wealth in Lancaster County never makes it past eh second generation.  We know that you want to leave a legacy and want to make sure your family has the best chance at a successful wealth transfer.  Consider naming REAL Life Community Services as a beneficiary in your IRAs, Annuities, and other retirement plans.  Proceeds from these accounts are fully taxable to your heirs but are tax free to a nonprofit ministry.  Beneficiaries my be updated at any time with just the cost of a postage stamp.  We have resources to help meet that need.

What Are the Tax Benefits of Planned Gifts?

  • Donors can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.
  • Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with appreciated property they pay no upfront capital gains tax on the transfer.
  • Gifts payable to charity upon the donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax.

Are you ready to get started?

Reach Out To Our Team

Click below to contact us and we’ll have a quick conversation to help you get started on a path that makes sense for you.