Planned gifts help ensure the special care of YCCOA will always be available.
Gift Planning Opportunities: There are a number of options individuals can choose to reduce their current taxes, provide them with income if desired, and reduce estate taxes, while providing financial support to YCCOA. The most common types of planned gifts include:
Will/Bequests
Sample wording for Will/Bequest
A bequest to help Hospice can be in the form of a specific dollar amount, a particular asset, or a portion of the estate stated as a percentage.
The following example represents a typical bequest received by Yellowstone County Coalition on Aging. It is merely a suggestion as to content and should be rewritten or adapted by the donor's legal counsel:
Unrestricted bequest to YCCOA:
I hereby will, devise and bequeath to Yellowstone County Coalition on Aging, a Montana not-for-profit corporation, Billings, Montana, the sum of_______Dollars ($_______) or ________ percent (________ %) of the remainder of my estate to be used for the benefit of Yellowstone County Coalition on Aging in such a manner as the Board of Directors thereof may direct.Gifts of Stocks
Gifts of appreciated assets such as public or closely held stocks are one of the easiest ways to stretch your contribution to Hospice. Your gift enables you to receive tax benefits.
Charitable Gift Annuities
Charitable Remainder Trust
Another life income gift. This approach, created by the Tax Reform Act in 1969, has more structure and flexibility than the gift annuity. Documents are prepared by the donor's attorney. These trusts make payments, either a fixed amount or a percentage of the principal, to designated people for lifetime and then Yellowstone County Coalition on Aging receives the remainder.
Charitable Lead Trust
Payments are made to Yellowstone County Coalition on Aging. At the end of a specified time period, the principal goes to the family or designated heirs.
Life Estate Gifts
Donation of property stipulates that donors may continue to use the property as long as they live. Tax deductions may be allowed for gifts of farms and personal residences.
Gifts of Real Estate
Donation of various forms of real estate may include: primary residences, vacation homes, farms, undeveloped land and commercial property. If you have owned the property for more than one year, you may be entitled to a charitable deduction equal to the full fair market value of the property.
Gifts of Life Insurance
You may name Yellowstone County Coalition on Aging as a beneficiary of your policy or you may make an outright gift to Yellowstone County Coalition on Aging and purchase a policy to replace the value of the gift.
Endowment Fund
Gifts of any amount may be made to YCCOA's general endowment. Donations at a certain level may be pledged or paid to establish named endowment funds, to be used by YCCOA as designated by donors or by the Board.
If you are interested in learning more about planned giving, please call 406.259.9666. Due to complexities of tax laws, we encourage you to seek professional advice regarding any questions you may have about charitable giving.
return to top