David and Ann originally thought they might establish a fund that would help purchase needed equipment, supplies, and provide for maintenance. They had made an outright gift of some appreciated stock. But as they talked to the staff and heard of the needs and the plans, especially for the new facilities, they decided to make a significantly larger gift. The included a bequest in their will that magnifies their equipment fund tenfold.

Ann: "We felt good about helping through establishing a small fund. But we had no idea what the fund would bring to us."

David: "We have meeting with some of the people involved with the new facilities . We've even been able to help a little ourselves by talking to our friends. I can't describe how good it feels to sit with the staff, to hear them describe the potential and dream and know we've helped. What a joy to realize that we have become a part of the future - that we have created a legacy."

Ann: "I feel like we really have accomplished something good!"

Setting all the emotional rewards aside, this was a wise financial move. First, there were some immediate tax benefits on the initial gift based not on the cost of the stock, but on its appreciated value. Second, their estate will benefit by having a write-off to charity through the bequest (see bequest information).

Using funds from a retirement account to make bequests is often a good strategy. If there is a balance in your retirement account at your death, not only is there a potential income tax burden, but there may be estate taxes as well. Estimates are that taxes could eat up as much as 70-75% of retirement assets under certain circumstances. Careful planning concerning retirement funds needs to be done. Some additional information regarding retirement assets is available.

Another option to consider in making a gift is to use life insurance policies that are no longer needed or necessary. There are some different ways to make a gift of life insurance.

Ann and David found their experience of getting involved with building for the future enriched their hearts and lives. Often donors are surprised by just how enjoyable the whole giving experience is.