Keep in Mind….Estate and Tax Planning
There are several ways to plan a gift that will make a lasting impact on the future of the historic Elder Grey properties. If you are considering a planned gift to the Elder Grey Meeting House–Cemetery Association, we suggest that you consult with your legal or financial advisor about the following options.
Qualified Charitable Distributions:
The IRS has made permanent the opportunity for those 70 ½ and older to make a tax-saving contribution to a 501(c)(3) organization. If any portion of an IRA (or, specifically, perhaps your Required Minimum Distribution) is made directly from the IRA trustee to the Elder Grey Meeting House-Cemetery Association, it will not be counted as ordinary income. This strategy can help you avoid a higher tax bracket and keep your income below thresholds that can result in surcharges.
IRA Beneficiary Designation:
Making the Elder Grey Meeting House-Cemetery Association one of your beneficiaries of an IRA reduces the amount of the estate that is required to go through probate.
Your will:
You might consider leaving an amount to the Elder Grey Meeting House-Cemetery Association in your will.
These are three of many ways to support us. Please consult your personal estate and/or tax planner for a method determined best for you or contact us at info@eldergrey.org for additional information.
The Elder Grey Meeting House-Cemetery Association is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code. Donations are tax-deductible as allowed by law.