![\"legacy-bottom-](\"https:\/\/www.outreacheast.org\/wp-content\/uploads\/2025\/09\/legacy-bottom-marron-1-1-534x480.jpg\" "\\"legacy-bottom-")
\n- Retirement Accounts (IRA, 401k, 403b):<\/strong> These are often the most tax-efficient assets to leave to charity, since nonprofits don\u2019t pay income tax but your heirs would.<\/li>
- Life Insurance Policies:<\/strong> You can name the nonprofit as a full or partial beneficiary.<\/li>
- Bank or Investment Accounts (POD\/TOD designations):<\/strong> Add the nonprofit as a payable-on-death (POD) or transfer-on-death (TOD) beneficiary.<\/li> <\/ul>
Easy to set up, doesn\u2019t require rewriting your will, and avoids probate.<\/em><\/p>
- Include a Bequest in Your Will or Trust<\/strong><\/li> <\/ol>
- Specific Bequest:<\/strong> Leave a set dollar amount.<\/li>
- Percentage Bequest:<\/strong> Leave a percentage of your estate (helps account for changes in your estate value).<\/li>
- Residuary Bequest:<\/strong> Leave what\u2019s left after other gifts and expenses are settled.<\/li> <\/ul>
\u00a0Flexible, but may go through probate.<\/em><\/p>
- Charitable Trusts (for larger estates)<\/strong><\/li> <\/ol>
- Charitable Remainder Trust (CRT):<\/strong> Provides income to you or loved ones for life, with the remainder going to the charity.<\/li>
- Charitable Lead Trust (CLT):<\/strong> Pays the charity for a set time, then passes remaining assets to heirs\u2014often with tax advantages.<\/li> <\/ul>
\u00a0Useful if you want to balance supporting family and charity, while reducing estate or gift taxes.<\/em><\/p>
- Donor-Advised Fund (DAF)<\/strong><\/li> <\/ol>
- You can create a DAF during your lifetime, donate into it (with tax benefits), and name your heirs or the nonprofit to receive the remainder when you pass.<\/li> <\/ul>
Tips:<\/strong><\/p>
- Be clear in naming the charity (legal name, address, tax ID).<\/li>
- If you want to restrict how the gift is used (e.g., food pantry only), put that in writing with the nonprofit ahead of time.<\/li>
- Talk with both your estate planning attorney<\/strong> and possibly the nonprofit\u2019s development office to align your wishes.<\/li>
- If you have heirs, retirement accounts usually go to charities and non-retirement assets to people (to minimize taxes).<\/li> <\/ul>\n
![\"Picture1\"](\"https:\/\/www.outreacheast.org\/wp-content\/uploads\/2024\/06\/Picture1.jpg\" "\\"Picture1\\"")
\nYour Legacy Lives On<\/strong><\/p>
Every gift\u2014large or small\u2014helps ensure that no family in our community has to face hunger or crisis alone. By planning today, you\u2019ll leave behind a legacy of kindness, stability, and hope.<\/p>
Let\u2019s Talk<\/strong><\/p>
If you\u2019d like to discuss your wishes or need our EIN for your records, please contact:<\/p>
Outreach East<\/strong>
425 N. Genesee Street \/ P O Box 61 <\/p>Davison, MI 48423<\/p>
810-653-7711<\/p>
EIN: 38-3029748<\/p>
www.OutreachEast.org <\/p>\n
You can download a pdf of this info by clicking the button\u00a0<\/strong><\/h4>\n Download pdf <\/a>","_links":{"self":[{"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/posts\/13793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13793"}],"version-history":[{"count":3,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/posts\/13793\/revisions"}],"predecessor-version":[{"id":14186,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/posts\/13793\/revisions\/14186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=\/wp\/v2\/media\/13796"}],"wp:attachment":[{"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.outreacheast.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- If you have heirs, retirement accounts usually go to charities and non-retirement assets to people (to minimize taxes).<\/li> <\/ul>\n
- You can create a DAF during your lifetime, donate into it (with tax benefits), and name your heirs or the nonprofit to receive the remainder when you pass.<\/li> <\/ul>
- Charitable Lead Trust (CLT):<\/strong> Pays the charity for a set time, then passes remaining assets to heirs\u2014often with tax advantages.<\/li> <\/ul>
- Charitable Remainder Trust (CRT):<\/strong> Provides income to you or loved ones for life, with the remainder going to the charity.<\/li>
- Percentage Bequest:<\/strong> Leave a percentage of your estate (helps account for changes in your estate value).<\/li>
- Specific Bequest:<\/strong> Leave a set dollar amount.<\/li>
- Life Insurance Policies:<\/strong> You can name the nonprofit as a full or partial beneficiary.<\/li>