Maximize Your Impact with Planned Giving
Tomorrow Clubs offers free guidance and works with trusted partners to help you explore creative ways of giving that can greatly reduce taxes and expand your giving capacity.
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Ways to Give Beyond Cash
Is it better to sell an asset and then donate the cash, or to directly donate the asset? In many cases, it is better to donate non-cash assets like stock and real estate directly to a charity to maximize the value of your gift and minimize taxes. In some cases, you may be able to avoid capital gains taxes entirely. Members of our Advancement Team would love to visit with you about giving options. Here are a few ideas to consider:
1. A Will
Your will and any other estate plans offer a simple way to leave a lasting legacy that extends your giving beyond your lifetime. Simply name “Tomorrow Clubs International” in your will or designate it as a beneficiary for assets such as IRAs and bank accounts that might not be included in your will. If you choose to include Tomorrow Clubs in your estate plans, please let us know so we can add you to our “Legacy Donors” list. This helps us stay connected and allows us to thank you for your generosity.
2. A Charitable Gift Annuity
This is a long-standing charitable option that provides lifetime income to you with Tomorrow Clubs becoming the beneficiary after your lifetime. A gift annuity can be funded with cash or appreciated assets and provide a secure, fixed payout of income to you for the remainder of your lifetime. You can establish a gift annuity as an individual or as a married couple. For gift annuities, Tomorrow Clubs works in partnership with the National Christian Foundation, and rates are available by clicking here.
3. IRAs: Qualified Charitable Distributions (QCDs)
QCDs allow donors aged 70 1/2 or older to make direct distributions from an IRA up to $100,000, which can be a wise tax-planning strategy. Some donors choose to donate all or part of their “required minimum distribution.” IRAs have unique and often significant tax implications that may make them more beneficial for charitable giving than other assets. Listing Tomorrow Clubs International as the remainder beneficiary of your IRA is another strategic option to consider.
4. Stock
Donating stock is generally simple, and can be an excellent way to avoid capital gains. Click here to make a Gift of Stock.
5. Real Estate
Gifts of real estate can often avoid capital gains taxes and can be given in full or partial amounts. Some donors choose to donate a specific percentage of the asset before listing it for sale, potentially avoiding capital gains taxes on the donated portion.
6. Other Giving Options
Charitable remainder trusts (CRTs) and life estate arrangements are other options for giving that you may want to consider. Please let us know if you would like to learn more about these and other charitable giving methods.
If you Have Questions about Planned Giving
The way you choose to give can make a lasting impact – and it doesn’t have to be complicated. Our Advancement Team is happy to help you easily navigate non-cash and planned gifts. We’re available to meet with you, your attorney, or other trusted advisors.
For gifts of real estate or charitable gift annuities, we partner with the National Christian Foundation. As you prayerfully make plans for the future, we’d be honored if you would consider Tomorrow Clubs as part of your legacy in reaching the next generation for Christ.
For “everyone who calls on the name of the Lord will be saved.”
Romans 10:13