Legacy Gifts often provide financial benefits to the donor. Tax savings, current cash payments, supplemental support for family and friends – these and other benefits are available depending on a donor’s circumstances and objectives.
Many people wish to continue their support of Poverello after they are gone and leave a gift in their wills to do so.
There are a number of financial benefits to making a Legacy Gift.
- If you include Poverello in your will, you may exclude some of your estate from estate or inheritance taxes.
- You can turn highly appreciated securities which are not paying you a dividend into a charitable remainder trust which will pay you and your spouse or partner an income for life and avoid paying the capital gain taxes on the appreciation.
- If you have a life insurance policy which you no longer need, you can transfer that policy to Poverello and receive a charitable tax deduction.
Please remember Poverello Center in your will and estate plans. And if you have named us, please let us know- we want to honor you
Please contact our CEO Thomas Pietrogallo at email@example.com if you have any questions.