Since its founding in 1968, NCLR has worked to create a collective voice in shaping the future for the Hispanic community – a mission that NCLR intends to pursue in the years to come. When planning for your future, you can also help to secure the future of NCLR.
By making an estate or planned gift to NCLR, you are not only providing for the future of your loved ones, you are also helping to ensure that NCLR will be in a position to continue its program and policy initiatives that make a difference in the lives of Hispanic Americans.
When you include NCLR in your will, you help provide for these programs and initiatives perpetually. Below are just a few ways you can make a difference for years to come:
Wills and Bequests:
Perhaps the best known option for leaving a future charitable gift, a bequest is simply the allocation of some asset – for example, real estate, stock, or outright cash – to a specific charitable organization upon your death. By making a bequest to NCLR, you can support NCLR in the future without relinquishing needed assets during your lifetime. Please talk to your attorney about specific bequest types to evaluate the best option for you.
Charitable Remainder Trust:
A charitable remainder trust is one of the few charitable gift options that pays you! When you establish a charitable remainder trust, you irrevocably transfer funds to a trust that will then pay you for either a set number of years or the remainder of your life, at which point funds may also be allocated to a beneficiary who will receive funds during his or her lifetime. The remaining principal in the trust may then be allocated to the charity of your choice. There are several types of trusts; please discuss your options with your attorney.
Charitable Gift Annuities:
Charitable gift annuities are an extremely flexible way to make a gift. They can be designed to provide a fixed income for life for you and/or others you choose and can be created with gifts of relatively modest amounts.
Gifts of Insurance:
A gift of life insurance is a simple way to give a substantial gift without incurring large costs. By purchasing a life insurance policy and naming NCLR the beneficiary, you can receive an extensive tax benefit.
Gifts of Real Estate:
When you make an outright gift of real estate to NCLR, you will be able to take a charitable deduction of the fair market value of the property contributed. This amount may be taken up to 30% your adjusted gross income, and, if the amount is larger than you can use in one year, the surplus can be carried forward as a charitable deduction over the next five years. You also avoid any capital gains tax that may apply on a gift of long-term capital gain property.
