Other Ways to Give
Memorials: There are two kinds of memorials. Outright gifts which carry the name of a loved one, and those given to a memorial (endowed fund) of which only the interest is used. To set up a new fund, please contact us.
Stock or Mutual Fund Gifts: If you have appreciated stock or mutual funds, this might offer some extra tax savings. Transfers must be sent in-kind to our account (see our website for instructions).
Gift In Kind: There are many needs for practical items or services around the homes that ABLE Inc. serves — copy paper, pencils, cleaning, snow removal, handyman work, van or automotive repairs, all offer opportunities for you or your business to support us.
Tangible Personal Property: Such things as coins, jewelry, copyrights, mineral rights, crops, and livestock all can be accepted.
Real Estate: If you are looking to transfer, or sell land, real estate or income properties, now might be a good time to consider a part or complete gift of that asset to save taxes. Options may exist as well for receiving income for life in return and still get a tax deduction as a charitable gift. (See income gifts below)
Paid up Insurance: With some individuals, policies are paid-up and not needed anymore for the original purpose. These could make easy gifts with no impact on the checkbook.
Retirement funds: Sometimes a gift from a retirement fund is the best thing one may offer. Currently anyone 70 ½ years or older may also gift up to $100,000 from an IRA if transferred directly from the agent to ABLE Inc. Ask us for more details about this giving type.
LIFE INCOME GIFTS
Charitable Gift Annuity: Offers you a partial charitable deduction. On a regular schedule, you would receive income in return for your gift calculated by a percentage based on your age. Rates range from 5% to 9% based on your age (there is some return of principal). The nice part of the gift plan is the fixed reliable income, but also it can protect the asset value from probate and estate taxes. They are simple to set up, and 100% of the assets are conservatively invested in a special restricted fund to ensure a secure payout of income. The remainder value becomes the gift to the charity.
Charitable Trusts: Offer great flexibility to benefit family members, special needs children, or a remaining spouse and still help charity. Gifts can be set up to provide variable or fixed rate income to serve the needs of you and your family. Trusts can also help reduce or eliminate the capital gains tax, provide a large charitable deduction, save estate taxes, and increase income from a non-income or low income producing asset. When income beneficiaries pass away, the remaining fund balance would go to the charitable remainder beneficiary.
Assignment Gift: By designating to ABLE Inc as a beneficiary or co-beneficiary of your Retirement funds, insurance or bank account, you provide a nice gift when you are done with them. Many gifts like this only require a simple signature on a beneficiary form.
Bequests in Wills or Living Trusts: Are a simple way for you to establish memorials, or funds which will live on past your lifetime. We suggest a person leave a percentage bequest which then fluctuates with available assets. In some cases, when children or other family members are part of the plans, we suggest they consider our charity as an “extra” family member.
Please contact Mike Klein at (701) 456-3000 if you wish to discuss confidentially how one of the following might work in your case. Any and all gifts should be reviewed with your financial professionals before making a final decision.