The easiest and most common way to give to AZPM is through a tax deductible gift of cash, usually made by check. However, gifts can take many forms. Here are a few options:
One of the most popular ways to leave a legacy gift to support AZPM is through a gift in your will. A bequest in your will describes your wishes to make a charitable gift after your death. These types of gifts provide the greatest amount of flexibility and can be used to support the areas or programs you are most passionate about at AZPM.
The value of your estate will likely fluctuate throughout your lifetime. Instead of giving a fixed dollar amount, consider gifting a percentage of your estate.
If you have named AZPM in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.
If you are 70½ years old or older, you can take advantage of a simple way to give to AZPM and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity without having to pay income taxes on the money.
Gifts through an IRA Qualified Charitable Distribution (QCD) can satisfy your required minimum distribution for the year and reduce your taxable income, even if you do not itemize deductions.
Here are two sample letters.
Naming AZPM as a beneficiary of one of your assets, such as your retirement plan, stock, or life insurance policy, is a convenient way to ensure we can continue to serve our audience. All it takes are a few minutes and a simple form.
Retirement funds directed to individuals, other than a spouse, can be subject to a high level of both federal and state income and estate taxes. When you name AZPM as the partial, sole or contingent beneficiary of your retirement plan assets, such as an IRA, 401 (k), 403 (b), or a profit-sharing or other defined contribution plan, you can avoid taxation and AZPM receives 100% of the retirement plan assets.
Do you want to support AZPM but worry about having enough income for yourself? A Charitable Gift Annuity through AZPM can give you a reliable income stream for life and significant tax savings. You provide AZPM with resources to support our mission beyond your lifetime. You may also qualify for tax benefits, including a federal income tax deduction.
To establish a charitable gift annuity, you make a gift to UA Foundation for the benefit of AZPM and in exchange you receive a fixed annual dollar amount for life. The principal remaining at your death will then benefit AZPM.
While gift annuities can be funded beginning at age 65, this type of gift might be especially attractive if you are aged 70 or older, you want to support AZPM, and you would like to secure an immediate stream of income for yourself or for yourself and your spouse. The amount of the payments is based on the age(s) of the beneficiary(ies). The older one is, the higher the payout rate one receives. In addition to the stream of fixed payments, the gift will also generate an immediate charitable income-tax deduction. If you are younger and you wish to begin receiving payments at a future date, a deferred-payment gift annuity might be a more suitable gift arrangement.
Example: Anne, aged 78, gives $25,000 in cash to UA Foundation for the benefit of AZPM in exchange for a gift annuity. She receives an income-tax deduction of approximately $11,563, based on her age. She will begin receiving income checks of $1,500 each year for the rest of her life. When she passes away, the remaining principal will benefit AZPM. This example is for illustrative purposes only. Deductions and calculations will vary depending on your personal circumstances and annuity rates as determined by The American Council on Gift Annuities.
Pointer: The charitable gift annuity is especially rewarding if funded with appreciated long-term securities that generate little or no income. If you transfer such securities to UA Foundation in exchange for a charitable gift annuity, you will avoid a significant amount of capital-gain taxation and any remaining capital gain will be reported in prorated amounts over the life (or lives) of the donors.
If you are 70½ or older, you can fund a charitable gift annuity, charitable remainder unitrust or charitable remainder annuity trust by making a one-time election for a qualified charitable distribution of up to $50,000 (without being taxed on the distribution) from your IRA during a single calendar year. Note: This opportunity comes with special rules, so contact us to see if this option is right for you.
These types of life income gifts allow you to make a gift to a qualified charitable organization and receive lifetime payments to boost your retirement income or provide a lifetime payment for you or your spouse.
Almost any type of real estate may be donated: undeveloped land, farms, commercial buildings, vacation homes, or your residence.
You receive a charitable income-tax deduction for the full fair-market value of the unencumbered real estate. You may apply the deduction up to 30% of your adjusted gross income—in the year of the gift—with the five-year carryover provision. You avoid capital-gain tax on the appreciation you have in the property, and there are no gift taxes. Because you have removed the property from your estate, you may also reduce your estate taxes.
Donor-advised funds are a convenient and easy way to organize your charitable intentions. A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to AZPM and other qualified charities.