Making a planned gift supports SOLV while also helping you achieve some of your personal, financial, and estate planning goals. There are various types of planned gift options available. The most popular are:
Should you decide to remember SOLV in your estate plans you will qualify for membership in the
Gift to Oregon Society.
If you have already made a planned gift for SOLV or are contemplating one, we would love to hear from you. Please fill out our Confidential Intention Form.
SOLV’s development staff would be pleased to help you explore the various options so that you can decide what is best for your particular financial situation.
Contact SOLV’s Development Director, Michelle Meyer at 503-844-9571 x304, (800) 333-SOLV or by email at
DevDir@solv.org. Or,
click here to read about what you can give.
For many friends of SOLV the optimal way to make a planned gift to SOLV is through a bequest in your will or trust. Whether unrestricted or earmarked for a specific purpose, your bequest ensures SOLV will have the resources necessary to pursue tomorrow’s promising ideas and opportunities for Oregon’s bright future.
Retirement plans are an excellent asset to use for a charitable bequest. When you or your heirs receive distributions from a retirement plan, the distributions are subject to income taxes. However, by naming SOLV as a beneficiary of your retirement plans, the distributions will not be subject to income tax.
To order your copy of SOLV’s bequest brochure click here – DevDir@solv.org.
For bequest language to share with your attorney, click here. Or, click here to read about what you can give.
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Gifts of Cash
Giving cash is the simplest way to give to SOLV. You can deduct a cash gift for income tax purposes in the year you give it. Cash gifts are deductible up to 50 percent of your adjusted gross income for the taxable year. Any excess is deductible over the next five years.
Gifts of Securities
Stocks, bonds, mutual funds and other securities can represent a significant portion of an individual's assets. Securities that have increased in value can make an excellent gift to charity. If you own securities that have appreciated in value, you may owe capital gains tax, should you choose to sell it. However, if you use these assets to make a gift to charity, you may completely avoid paying capital gains while enjoying a tax deduction for the full value of the securities. This way you conserve cash for others purposes. Gifts of securities can be used to make an outright gift or to provide a deferred gift through your will or trust. They can also be used to fund a life-income gift.
Gifts of Real Estate
Property that is fully paid for and has appreciated in value can be given outright to SOLV. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate.
You can also transfer the deed to your home, vacation home or farm to SOLV now and keep the right to use the property for the lifetime of you and your spouse.
Another way to give real estate is to use unmortgaged property to fund a charitable remainder trust. Once the property has been transferred to the trust, the trustee can sell it and invest the proceeds in income-producing securities. This then becomes a source of lifetime income for you and any other named recipient. SOLV will receive what remains in the trust when it terminates. It is a wonderful way to turn real estate into lifetime income and provide for SOLV’s future.
Gifts of Retirement Plans
For many Americans their retirement plans are very sizeable. One thing that is often forgotten is that these accounts may be subject to various types of tax at the death of the owner. There are ways to give these accounts and avoid the tax. Please contact us or your financial advisor to explore the options.
Gifts of Life Insurance
You can donate a life insurance policy to SOLV or name us as the beneficiary on a policy. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name SOLV as owner and beneficiary.
If you are interested in learning more about ways to give to SOLV, contact our Development Director, Michelle Meyer, at 503-844-9571 x304, (800) 333-SOLV or by email at DevDir@solv.org.
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Many years ago the US Congress included in the tax law incentives to encourage Americans to support their favorite charities. A charitable life income plan is an excellent way to use the tax law incentives to support SOLV, while also planning for you and your loved ones’ future financial needs.
For those in their retirement years, a gift annuity can help increase your current income. Or if you want to plan for retirement, a deferred gift annuity may work for you. A charitable remainder trust can help you increase your income using your appreciated assets. There are attractive tax deductions with these types of gifts and you can reduce capital gains tax on gifts of appreciated assets. You can name another person, such as a spouse or sibling, as a second beneficiary of a life-income gift. These plans can be established now or under your will or trust.
Michelle Meyer, SOLV’s Director of Development, can help you explore these and other life-income options so you can decide what is best for you. Please contact her at 503-844-9571 x304, (800) 333-SOLV or by email at DevDir@solv.org.
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SOLV wants to honor donors who leave a legacy through their estate plan in its Gift to Oregon Society.
Member benefits include:
- Invitations to special events
- Gift of appreciation
- Annual Report recognition
- SOLV donor wall listing
Leadership is about making a positive difference that others can follow. Members’ investments lay a solid foundation for future generations of volunteer leaders. To learn more about the Society, contact SOLV’s Development Director, Michelle Meyer, at 503-844-9571 x304, (800) 333-SOLV or complete the attached form.
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Planned Giving