Legacy Giving
Planned gifts require no cost today, yet they create a lasting impact for the future. Most of these gifts are arranged through a will or trust.
Trusts
Giving after your lifetime means that your generosity will touch generations upon generations of children and families and rescue them from extreme poverty. You can use Trusts to reduce taxes and, if you choose, provide ongoing payments to yourself or your loved ones.
Charitable Lead Trust
This type of Trust is designed to provide charities with current income from the Trust in the form of interest and asset appreciation payouts. After a specified period (or at death), the balance of the Trust is transferred back to your beneficiaries. This offers the current benefit of donations to charity, and the reduction of taxable income for your beneficiaries.
Revocable Living Trust
Gifting to African Vision of Hope through a Revocable Living Trust lets you take care of the people and causes you love and then give in a variety of ways. You can give a designated amount or provide a percentage of your estate.
Revocable Living Trusts are one of the simplest ways to donate to African Vision of Hope. It offers significant flexibility because you can change your mind at any time.
Charitable Remainder Trust
With this type of Trust, you provide assets to the Trust which pays an income to you or anyone you choose. You can designate payments for a certain period of time (up to 20 years) or for your lifetime(s). When the last person receiving payments passes away, the remaining balance of the trust is donated to African Vision of Hope.
You’ll receive income and save on taxes immediately, while helping the children in the years to come.
Trusts are initiated by you, with the assistance of a Trust attorney.
A Trust document is authored, which directs your appointed Trustee regarding the management and disbursements of the Trust.
No upfront capital gains tax is due when you give unmortgaged appreciated assets to the Trust.
You will gain the enduring satisfaction of making a major commitment to our important work.
Your Next Steps
- Contact the African Vision of Hope Office at 618-288-7695 or info@africanvisionofhope.org to discuss this type of legacy giving.
- Seek the advice of your financial or legal advisor.
- If you include African Vision of Hope in your estate plans, use our legal name and Federal Tax ID.
Legal Name: African Vision of Hope
Address: 17 Professional Park Drive, Maryville, IL 62062
Federal Tax ID Number: 71-0929252
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
Wills
Simple, flexible giving from your estate plan through a Will or Revocable Living Trust is one of the easiest ways to offer long-term support to African Vision of Hope. These giving options offer substantial flexibility because you can change your mind at any time. Giving to African Vision of Hope through a Will or Revocable Living Trust allows you to give a designated amount or provide a percentage of your estate.
Your Next Steps
- Contact the African Vision of Hope Office at 618-288-7695 or info@africanvisionofhope.org to discuss this type of legacy giving.
- Seek the advice of your financial or legal advisor.
- If you include African Vision of Hope in your estate plans, use our legal name and Federal Tax ID.
Legal Name: African Vision of Hope
Address: 17 Professional Park Drive, Maryville, IL 62062
Federal Tax ID Number: 71-0929252
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.
Beneficiary Designations
Assets that aren’t part of your will are known as non-probate assets. These can include 401(k)s, IRAs, life insurance policies, and similar accounts. By naming African Vision of Hope as a beneficiary, you can make a significant impact while also helping your heirs avoid unnecessary taxes.