Planned Giving

Planned gifts usually are from your assets rather than your income, and can be given outright or deferred. It is recommended that you consult with your tax/legal advisor before making a planned gift. Planned Giving involves integrating your charitable gift into your overall financial, tax, and estate planning objectives in order to maximize benefits to both you and Generations Group Homes, Inc.

CHARITABLE GIFT ANNUITY
The charitable gift annuity has been used if you want to make a meaningful gift while at the same time provide for your future financial well-being. It makes it possible to transfer cash or marketable securities such as stocks or bonds (including mutual funds) to Generations Group Homes, Inc. In exchange, we guarantee to pay you a fixed income for life. This is particularly attractive because the rates (based on your age) typically produce higher income than yields from investments in the stock and bond markets.

GIFTS BY WILL
A will is the easiest and most effective means to ensure that you fully provide for your family and that your assets are distributed as you wish. A gift through your will provides continuing support of giving Second Chances to the boys of Generations Group Homes, Inc.

A gift to Generations Group Homes, Inc. through your will has several advantages:

* free of estate tax
* may place your estate in a lower estate tax bracket
* Allows you to specify that your gift is for unrestricted operating, or specific use.

To make a bequest to Generations Group Homes, Inc. the following language may be helpful to your attorney:

For Unrestricted Use:
I give, devise and bequeath to Generations Group Homes, Inc. (here insert the amount of money or describe the personal property or real estate) to be used for the general purposes of said agency.

GIFTS OF RETIREMENT PLANS

Benefits
- Naming Generations Group Homes, Inc. the primary beneficiary avoids all income and estate taxes
- Partial savings when you give Generations Group Homes, Inc. a specific amount before giving family the remainder
- Naming Generations Group Homes, Inc. the contingent beneficiary allows for greater flexibility
- Donating retirement plan assets could be the most cost-effective gift you can make

Did you know that your retirement plan assets could be facing double taxation? If you leave the assets to your heirs, you'll generate "income in respect of a decedent." So not only is the amount diminished by estate taxes, but the recipient also must pay income taxes on it! If you can make other provisions for your family, there's a better option for your retirement plan assets -- a charitable gift.

To implement your wishes, simply advise the plan administrator of your decision and sign whatever form is required. For an IRA or Keogh plan you administer personally, notify the custodian in writing, and keep a copy with your valuables.