Legacy Planned Giving | Elevate Indianapolis

There is more than one way to give to Elevate Indianapolis!

Planned Legacy giving involves leaving a lasting impact by including charitable donations in one’s estate planning, ensuring support for causes beyond one’s lifetime. For organizations like Elevate Indianapolis, legacy giving is vital for sustaining our mission of empowering youth through mentorship and educational programs, allowing them to continue making a positive difference in the community for generations to come. By including Elevate Indianapolis in your estate plans, you’re able to secure a legacy of hope, opportunity, and transformation for Indianapolis youth.

Consider the following questions:

– Where have you invested your life?
– Who are the people, causes, and institutions that you have invested your time, talent, and treasure into during your lifetime?
– Who has left the greatest legacy in you?
– How can you leverage your social, financial, experiential, and spiritual legacy?

An inheritance may consist of a lifetime of investments. But a legacy results from an investment of a lifetime. An inheritance needs to be well-planned. A legacy should be intentional.

Your legacy can start now, and a well-planned inheritance can fund it for generations. Examine your life and see what has been the most valuable to you and others. There you will find your legacy.

Fund Your Legacy: There are myriad ways to fund your legacy. They include well-drafted wills, beneficiary arrangements, gifts of life insurance, and charitable trusts.

Leverage Your Legacy: If giving generously to help build thriving contributors in Indianapolis is important to you now, then let your generosity continue to make a difference for generations to come.

Please get in touch with us today to discuss how to invest your legacy for generational transformation.

Together, we can shape a lasting impact on our community!

Inheritance or Legacy

Low-hanging Fruit of Planned Giving

To receive a free copy of our Legacy Planned Giving Guide please fill out the form below and we’ll send you a downloadable copy.

Frequently Asked Questions about Legacy Giving

What if I outlive my money?
Studies show that adults’ #1 financial fear is focused on a single question: “What if I outlive my money?” Or, reworded, “What if the money runs out before I/my spouse pass away?” To have life at the end of your money is possible! Some planned gifts can guarantee you an income for your lifetime regardless of how long you live. This method of planned giving guarantees you receive an income you cannot outlive, and if there is a remaining balance when you pass away, the balance goes to Elevate Indianapolis. There are multiple options for singles and married couples with this planned gift, including a joint payout for a couple that will pay out over both lifetimes. A planned gift of this type will benefit you and continue the work of Elevate Indianapolis to build generations of urban leaders. As an added bonus, your planned gift will qualify for a tax deduction if you can itemize your taxes!
How do I give if I don’t have the money to write a check right now?

One of the advantages of a planned gift is there are various ways to make an impact. Many planned gifts are made in the future. A simple example is changing the beneficiary on an IRA or retirement account to Elevate Indianapolis. You continue to control your principal, income, and future disposition. Additional examples include:

Changing your will or trust.
Life insurance beneficiaries.
Adding beneficiaries to bank or investment accounts.

None of the above involve writing a check, but they will help sustain the mission of Elevate Indianapolis for generations to come.

I live on a tight budget but want to make a difference, is a planned gift right for me?

A planned gift can unlock potential income, decrease tax liabilities, and generate favorable tax advantage income for you. Many planned giving options are only received at the end of one’s life, relieving the pressure and need to have the funds in hand now. Whether you want to increase cash flow now or make a gift at the end of your life, a planned gift will help you make an impact and sustain the mission of Elevate Indianapolis for generations to come.

How will a planned gift impact my taxes?

The answer to this common concern can be tricky and often depends on your specific tax circumstances. We recommend you consult your accountant or financial advisor to understand how your planned gift impacts your tax liabilities. Many planned gifts that produce current income will also generate a charitable itemized deduction. Your ability to use that deduction depends on your specific tax return. Additionally, some techniques allow you to transfer appreciated securities into a planned giving instrument, subsequently sell them, and avoid capital gains. Depending on your current income and tax situation, you may be able to decrease your taxable income, receive a tax deduction, and receive a lifetime income from the same planned giving technique.

I’m young, do I really need to think about a planned gift now?

Just like your retirement plans should be a part of your career plans, your charitable giving strategy should include current and future giving. People with a planned gift set in place experience a deeper connection with the nonprofits they support. If you are passionate about Elevate Indianapolis while living, consider continuing your impact by making a planned gift to continue your passions and legacies after passing away. Completing a planned gift can be as simple as including them in a will or making them the beneficiary of a retirement account or life insurance. The benefit of making these decisions when you are young is that you have various options and feel confident throughout your life that no matter what may come, your impact of hope through Elevate Indianapolis will be longlasting.