AccessAbilities

Family obligations and the need to provide for retirement, coupled with the high cost of living, make it difficult for many people to consider substantial charitable gifts now. But there is a way to have the satisfaction of making a meaningful lifetime gift without sacrifice. In fact, you can get current income tax and financial benefits.

Primarily of benefit to donors 55 years and older are gifts that can pay you or a loved one an income for life, or for a specified number of years.  These gifts can offer you flexible options in managing your retirement, caring for a loved one, meeting the educational expenses of a child or grandchild, and planning your estate.

A life income gift allows you to transfer assets over to accessAbilities Foundation, Inc. now, and continue to receive the income from the cash, stock, or other property contributed.  A life income gift sometimes referred to as a trust or a charitable annuity, can allow you to: (1) increase your income for life; (2) receive a generous charitable contribution deduction during the donated year; and (3) if you contribute stock, avoid any capital gains tax on the appreciation.

Unitrust or Annuity Trust
A life income gift is often made through a trust arrangement called a unitrust or an annuity trust.  With a unitrust, you and/or your spouse (or another beneficiary) receives a fixed amount from the trust.  This amount is agreed upon when you create the trust; it stays constant, no matter what happens with the stock market or interest rates.

Charitable Remainder Trust
With a charitable remainder trust, you can be paid the income from the trust assets for the rest of your life. The year you establish the trust, you receive a charitable deduction for the portion expected to remain for us after your lifetime. Plus, the trust assets will be removed from your taxable estate, so they're not subject to estate tax.

Charitable Lead Trust
A charitable lead trust is the opposite of a remainder trust in that the income is paid to the accessAbilities Foundation, Inc. for a specified number of years, after which the trust assets go back to you or another designated beneficiary. If you request that the property pass to your children or grandchildren at the end of the term, there can be significant estate tax savings.

There are many options for planned giving.  Consult with your financial advisor to see which one is right for you.  Estate planning and planned giving, working in tandem, enable you to provide for the people and the charitable organizations, like the accessAbilities Foundation, Inc. that you care about the most.

The easiest way to make a contribution is through the accessAbilities Foundation’s secure donation web site using a credit card.  Credit card donations can also be made via telephone by calling Diane Seymour, Community Education and Development Specialist, at (724) 832-8272.

accessAbilities Foundation, Inc.
2900 Seminary Drive, Building B
Greensburg, PA 15601