Planned future gifts to Gann Academy can take many forms, including cash (outright gifts), stock or mutual funds, bequests, as well as insurance or retirement funds.
To ensure the most immediate use and benefit, we encourage donors to consider either an outright payment/s to Gann’s Unrestricted Endowment, or an outright payment/s to a Restricted Endowment to benefit a specific area of interest.
TRANSFER OF STOCK OR MUTUAL FUNDS
Transferring appreciated shares of stock or mutual funds directly to Gann Academy’s endowment fund may entitle you to a charitable income tax deduction for their full current market value, without paying the capital gains tax on the appreciation.
Experts forecast that approximately $40 trillion will change generational hands over the next fifty years, making it the greatest transfer of wealth in history. Gann Academy is looking to the future and keeping this in mind as we grow the endowment. One way that you can help is through a planned gift, which costs you nothing today. You can make a planned gift in a variety of ways, and many of the options are simple to establish.
The simplest way to ensure that you provide for the people and charitable institutions that you hold dear is to make provision for them in your will. To leave a bequest to Gann Academy please share the following language with your legal and professional advisors: I specifically bequeath $____or ____ % of my gross estate to Gann Academy, 333 Forest St, Waltham, MA 02452.
Designate Gann Academy as a beneficiary of your life insurance policy. This is a very cost-effective method for younger donors.
Designate Gann Academy as an unconditional beneficiary of your retirement plan (e.g., 401K). If you are 70 ½ or older you may transfer funds, directly from Individual Retirement Accounts to charities such as Gann Academy, free from federal income tax. There may also be state income tax savings.
A Donor Advised Fund (DAF) is a charitable gift account that allows you to recommend grants to your favorite charities. It can be set up through CJP. In addition, you can leave the residual value of your DAF to Gann Academy when you pass away. You can also include your heirs in the decision-making in order to involve them in your philanthropic priorities.
We encourage you to speak with an estate planning attorney to help you make your plans.