Legacy Gifts
Legacy Gifts
Planned or legacy gifts can be a tax-efficient and impactful way to support DVO. Here’s a basic definition for each type of gift:
- Planned gifts: any charitable contribution planned now to be made at a later point in time.
- Legacy gifts: donations granted specifically after the donor has passed away.
Legacy gifts are often included in a planned giving strategy. You can name DVO as a beneficiary in many types of planned or legacy giving methods. We provide a few examples here:
| Wills and Living Trusts | By specifying DVO in your will or living trust, you are making a lasting legacy for good. Also, this type of gift has potential estate tax benefits. |
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| Real Estate or Property | You make an impactful contribution when you transfer ownership of an asset to DVO. May have potential tax benefits. |
| Bequests, Retirement Accounts, Life Insurance Policies, or Charitable Remainder Trusts | Making DVO part of your estate plan, you can provide significant long-term support. You may gain potential tax benefits and estate planning advantages |
You should consult with a financial advisor and/or attorneys for advice on your individual situation before making any legacy or planned giving decisions.
If you would like to learn more about making a legacy gift, please contact us at dvochicago.info@gmail.com