PLANNED GIVING
The Cincinnati Association for the Blind and
Visually Impaired has a
history of excellent service to our community. To continue quality services, new
sources of funding are vital to meet today's and tomorrow's needs.
Planned gifts include bequests in a will,
charitable trusts, charitable gift annuities or gifts or bequests of life
insurance or retirement plan assets. Planned gifts may provide income and estate
tax benefits to the donor. Your attorney, banker, accountant, insurance agent or
financial planner can advise and help with arrangements.
To discuss planned giving opportunities, please
contact the community relations director at 513-487-4233 or by email at info@cincyblind.org
Bequest in Your Will or Estate
Plan
Charitable Gift Annuity
Insurance
Retirement Assets
Visionary Society
BEQUEST IN YOUR WILL OR ESTATE PLAN
To remember the Cincinnati Association for the
Blind with a bequest in your will or estate plan, use the following wording:
I give to the Cincinnati Association for the
Blind the sum of _______dollars ($__________). This bequest is unrestricted and
the Board of Trustees or other governing body may use and expend the same for
the benefit of the Cincinnati Association for the Blind in any manner it deems
appropriate.
With a charitable gift annuity, you make a gift
in the form of cash, securities or other income-producing property to CAB and
receive fixed payments for a lifetime. An immediate income tax deduction is
provided to you for the value of the gift and part of the payment is tax-free.
At the death of the annuitant, the gift is used by CAB to provide services.
A gift of insurance can take several forms.
(1) Life insurance which was purchased to protect
a mortgage or cover college tuition may no longer be needed. Donate the policy
to CAB and you may claim a charitable deduction for approximately the policy's
cash surrender value.
(2) Purchase a new policy and name CAB as the
owner and beneficiary. Premiums paid in the future are deductible as cash
contributions.
(3) Name CAB as the primary or secondary
beneficiary for an existing policy.
Retirement plans often include assets which have been increasing in value
tax-free. Gifts of your IRA, 401(k) or Keogh plan may benefit CAB plus save
heirs from tax burdens. Retirement plan assets which are bequeathed to CAB will
not be taxed.
Another option is to establish a charitable trust
with retirement assets. The trust can provide life income to the beneficiary,
and the assets which remain in the trust will be distributed to CAB.
CAB has established a Visionary Society to recognize and promote planned gifts.
Members of the Visionary Society are listed in our publications and on our donor
wall. (If you prefer, we will keep your planned gift confidential.) In addition,
members are invited as our guest to CAB's Annual Meeting and other special
activities.
If you have arranged for a planned gift to
benefit CAB in the future, please let us know. We would be pleased to welcome
you to our Visionary Society!
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