Planned giving options such as gifts of stock and annuities provide the resources that create extraordinary opportunities and preserve our ability to provide life-saving mental health services. Below are giving strategies that enhance your and your family’s well being, as well as ours. If you are unsure about which option to choose, contact us and we can walk you through each option step-by-step.
Bequest by Will
One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements.
How it Works
- You can provide now for a future gift to Tasks by including a bequest provision in your will or revocable trust.
- Tasks Unlimited receives the gift, and applied it to the purpose(s) you specify.
Benefits
- The taxable amount of your estate is reduced which can increase the amount available to your loved ones.
- You can modify your bequest if your circumstances change.
- You can designate your donation for a specific program or purpose.
- There is no upper limit on the estate tax deduction that can be taken for charitable bequests.
- You can have the satisfaction of making a significant gift now or funding a life-saving program.
For more information
- Email Joyce Chin (jchin@tasksunlimited.org) or call 612.767.2076 who will be able to assist you through the process step by step.
Bonds, Funds, & Stocks
The IRS allows you one of its most significant tax breaks for gifts of appreciated securities.
How it Works
- You transfer securities to Tasks Unlimited.
- Tasks Unlimited sells your securities and uses the proceeds as you specify.
Benefits
- You receive donation credit and an immediate income tax deduction for the fair value of the security.
- You pay no capital gain tax on the securities you donate.
- You can designate your donation for a specific program or purpose.
- You can have the satisfaction of making a significant gift now or funding a life-saving program.
For more information
- Email Joyce Chin (jchin@tasksunlimited.org) or call 612.767.2076 who will be able to assist you through the process step by step.
Life Insurance
Use an unneeded policy to make a donation.
How it Works
- You transfer ownership of a paid-up life insurance policy to Tasks Unlimited.
- Tasks Unlimited cashes the policy now, or maintains it and receives the death benefit later.
Benefits
- You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
- You can designate your donation for a specific program or purpose.
- You can have the satisfaction of making a significant gift now or funding a life-saving program.
For more information
- Email Joyce Chin (jchin@tasksunlimited.org) or call 612.767.2076 who will be able to assist you through the process step by step.
Real Estate
Make a substantial gift to Tasks Unlimited through a transfer of residential, commercial, or undeveloped real estate
How it Works
- You deed your home, commercial building, or investment property to Tasks Unlimited.
- Tasks Unlimited may use the property for its own purposes, or more likely, transform it into a LODGE to accommodate more clients recovering from mental illness.
Benefits
- You pay no capital gain tax on the transfer.
- You can designate your donation for a specific program or purpose.
- You can have the satisfaction of making a significant gift now or funding a life-saving program.
For more information
- Email Joyce Chin (jchin@tasksunlimited.org) or call 612.767.2076 who will be able to assist you through the process step by step.