Senior & Assisted Living Advisor Throughout Illinois

Legacy Gifts to Elderwerks


You Can Support Elderwerks Without Impacting Your Current Lifestyle

Did you know that you can support Elderwerks by designating Elderwerks as a beneficiary in your estate planning? 

Think about transferring assets to Elderwerks that can be payable upon death. These can include bank investments, retirement, stocks, mutual funds, insurance, or any other asset that you want to use to meet your charitable goals.

  • You can offer a gift with your appreciated securities.
  • Make a gift that costs you nothing during your lifetime.
  • Designate Elderwerks and donate.
  • If you need to preserve your assets, you can plan a gift that only takes effect after your other obligations are fulfilled through your Will or Trust.
  • You can make a significant donation to Elderwerks by transferring ownership of a life insurance policy. This will provide an income tax deduction equal to the cash surrender value of the policy.
  • You can give a gift from your retirement plan. Giving Elderwerks assets that are subject to double taxation will leave more for your family.

The benefits of choosing Elderwerks as a beneficiary in your estate planning:

  • You can make a gift that costs you nothing.
  • You can give a gift that doesn't touch your current finances and cash flow.
  • You can make a gift with assets that you appreciate to save on taxes.
  • Charitable giving in your retirement plan may help your heirs avoid a large tax burden.

IRA Charitable Rollover

Are you or someone you know age 72 or older?
he IRA Charitable Rollover allows individuals aged 72 and better to make a gift of up to $100,000 from their IRA during their lifetime. Donors can make a qualified charitable distribution from their IRA directly to a qualifying charity.

  • Individuals aged 72 and better that have more money in their IRA than needed for daily living expenses and long-term care.
  • Spouses who both have IRA accounts and do not need the income to support daily living expenses. Each spouse can transfer up to $100,000, tax free from their IRA.
  • Generous donors who give more to charity than they can deduct in a tax year (IRA Charitable Rollovers are exempt from federal income taxes).
  • Donors who do not itemize deductions regularly give a portion of their income to charity.
  • Individuals who wish to gift up to $100,000 from their taxable estate.

Benefits of IRA Rollover Gifts:

  • Your charitable gift will cost you less by using pre-tax income.
  • The IRA Charitable Rollover is not subject to income taxes.
  • Lower your taxable income for the year by using your IRA Charitable Rollover to meet your annual required minimum distribution.

Elderwerks Educational Services appreciates your consideration. If you would like to make a donation, please click here. Thank you!

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For your complimentary, person-centered assistance or help touring a senior community, call an Elderwerks Advisor today at 855-462-0100.


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