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Let’s say you want to leave money to Caridad Center in your will, but you also want the flexibility to alter your plans if your life circumstances change. A will or revocable trust instrument allows you to do both.

In as little as one sentence, you can complete your gift. A contribution to Caridad Center in your will or living trust helps ensure that our mission will continue for years to come.

In a will or trust, you can allocate a specific amount of money in a lump
sum payment or you can specify a percentage of your total estate. Or you could leave the remainder of your estate to Caridad after all other specific bequests have been paid. Charitable bequests can significantly reduce estate taxes. As always, check with your advisors to calculate these benefits

Sample language when drafting your bequest:

Unrestricted gifts: these allow Caridad Center to determine how to
use the funds based on the most pressing needs.

“I give to Caridad Center, Inc., a nonprofit corporation, federal tax ID
number_________, or its successor thereto, ____________[written
dollar amount or percentage allocation of the estate or description of
the property] for its unrestricted charitable uses and purpose.”

Gifts designated for a particular purpose: if you choose to name a
specific program(s) to benefit from your bequest

“I give to Caridad Center, a nonprofit corporation, federal tax ID
number __________, or its successor thereto, _________ [written
amount or percentage of the estate or description of property]. This
gift should be used for (state purpose) if and so long as Caridad
Center determines that the need exists. If Caridad Center shall
determine at the outset or at a later time that the need does not exist,
or no longer exists or for some reason it is not possible (or prudent) to
administer my gift as originally intended, then Caridad Center may, in
its sole and uncontrolled discretion, direct the use of my bequest for a
purpose related as closely as possible to that stated above.”

Not everyone wants to commit to making a gift in their wills or estates.
Some prefer the increased flexibility that a beneficiary designation provides by using: 

● IRAs and retirement plans
● Life insurance policies
● Donor advised funds
● Commercial annuities

It is very simple to name Caridad Center as a beneficiary. Start by
requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website. Decide what percentage (1% to 100%) you would like Caridad Center to receive and name us, along with the percentage you chose, on the beneficiary form. Make your desired changes and return the form to establish your gift.

You can make a difference today and save on taxes when you support
Caridad Center through your IRA.

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $105,000) in 2024 from
your IRA directly to a qualified charity such as Caridad Center without having to pay income taxes on the money. Gifts of any value between
$105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

● Your gift will be put to use today, allowing you to see the difference
your donation is making.

● If you are required to take minimum distributions, you can use your
gift to satisfy all or part of your obligation.

● You pay no income taxes on the gift. The transfer generates neither
taxable income nor a tax deduction, so you benefit even if you do not
itemize your deductions.

● Since the gift doesn’t count as income, it can reduce your annual
income level. This may help lower your Medicare premiums and
decrease the amount of Social Security that is subject to tax.

For Those 59½ Years Old or Older

If you are at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

At Any Age

No matter your age, you can designate Caridad Center as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.

Tip: It is critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.

A Tax-Savvy Way to Benefit from Growing Assets

Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to
Caridad Center. Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.

Securities are most often used to support our work in the form of:

An outright gift. When you donate securities to Caridad Center, you
receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.

Do not sell the securities before transferring them. If you send us the cash rather than the securities, then your tax benefit will be eliminated, and you will pay a capital gain on the sale.

And always be sure your broker tells us the securities are on their way.
Sometimes it can be hard to track the donor name if we are not alerted.

A transfer on death (TOD) account. By placing a TOD designation on
your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime. (State laws govern transfer on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.)

Transforming Realty to Gift Reality

Want to make a gift to Caridad Center without touching your bank account? Consider giving us real estate, such as a personal residence, vacation home, farm, commercial property or undeveloped land. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give Caridad Center appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction and you may minimize or eliminate capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.

Another benefit: You don’t have to hassle with selling the real estate. You can deed the property directly to Caridad Center or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

You can give real estate to Caridad Center in the following ways:

An outright gift

A gift in your will or living trust

A donor advised fund

A deferred charitable gift annuity

A retained life estate

A charitable remainder unitrust

A charitable lead trust

A memorial or endowed gift

Simplify Your Giving

A donor advised fund (DAF) is like a charitable savings account. A DAF) is a charitable investment account that can allow you to contribute money to support the charities you care about in a tax-efficient way.

How it works

You contribute cash, stocks, or other assets to a DAF. Your financial advisors can direct you to the entities that can invest your DAF properly, like a community foundation. You receive a tax deduction in the year of the donation. The funds are then invested and grow tax- free. You retain advisory rights over the fund’s investments and distributions. You can recommend grants to qualified charities at any time.

A DAF is simpler to set up than a family foundation and gives you the flexibility to recommend how much and how often money is granted to Caridad Center and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.

You could also create a lasting legacy by naming Caridad Center the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations.

Do be aware that donations from a DAF are irrevocable and you would have less control over how your assets are invested than would be the case with a family foundation. You want to be sure you and your advisors determine which route – DAF vs. Family Foundation is the most advantageous to your charitable goals.

Honor Someone Special with a Gift in Their Name

If you have a loved one who has been impacted by Caridad Center, establishing a memorial or tribute gift is a meaningful way to honor them or celebrate a special occasion, such as a birthday, anniversary or even their passing, while supporting our mission. Your memorial or tribute gift will extend the legacy of your loved one and will make a difference.

Your Gift Can Last Forever

An endowment gift to Caridad Center today provides a brighter
picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Caridad. The remaining funds are reinvested to ensure indefinite support.

You may elect to make a gift to an already-named endowment fund or establish your own named endowment.

Already established funds at Caridad include: list if we have any to list

The minimum gift required to establish a named endowment fund
is $_______________to be determined by Foundation Board before
publication.

Protect Your Assets

If you want to make an impact now at Caridad Center and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to Caridad Center for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to Caridad Center:

A charitable lead annuity trust pays a fixed amount each year to Caridad Center and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year to Caridad Center based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to Caridad go up as well.

Charitable Gift Annuity

A Gift That Pays You Income

There’s a way for you to support Caridad Center and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. 

With a charitable gift annuity you agree to make a gift to Caridad Center and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

This type of donation can provide you with regular payments for life and allow Caridad Center to further our mission. You can also
qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property,
you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $53,000 [check amount] to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Charitable Remainder Trust

A Solution for Large Donations

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Caridad Center.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless
of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.