Planned Giving

There are numerous options for setting up a charitable contribution in your estate plan. Below is a brief description of a few common types of giving vehicles. These descriptions are general. Please consult a financial planner for detailed information and plans that will meet your specific needs.

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If you would like to discuss including Advent in your planned giving, please email us or call us at 408-281-0708. We also encourage you to speak to your financial advisor to assist you in your decision.

 

Bequest in a Will
You may wish to designate Advent as a beneficiary of your estate in your will with one simple sentence: "I give Advent Group Ministires, Inc. currently located at 90 Great Oaks Blvd., Ste 108, San Jose, CA 95119, or its successor thereto, ____________________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use on purposes."

 

Giving from your IRA Account
If you are 70.5 years old and older, make a difference today and save on taxes through an IRA charitable rollover or a qualified chartible distribution (QCD for short). If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation. You pay no taxes on the gift, it does not generate taxable income nor a tax deduction. The benefit to you is that it reduces your annual income level.

 

Life Insurance Policy
A donor may choose to designate Advent as a beneficiary on their life insurance policy. You many also donate an existing policy by name Advent as the owner and qualify for a federal income tax charitible deduction. Premium payments will also be tax deductible as a charitble gift if you itemize. You may also establish a new policy irrevocably naming Advent as the owner and receive the same tax benefits. 

 

Charitable Remainder Trust
A charitable remainder trust is one of the most popular charitable giving vehicles that donors utilize when they have built a sizable estate and are looking for ways to receive reliable payments. This type of trust provides you or other named individuals income each year for life (not to exceed 20 years) from assets you give to the trust you create. At the end of the term, the balance goes to Advent Group Ministries, Inc.

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This gift offers both tax benefits and income for you. 

 

Charitable Lead Trust
A charitable lead trust is a trust designed to reduce the taxes upon the estate of the deceased. This is accomplished by donating a portion of the trust to a charity (or charities) until all the taxes are reduced. After a specified period of time, the estate is transferred to the beneficiaries, who will usually face lower taxes.

 

Charitable Gift Annuity
With a charitable gift annuity you agree to make a gift to Advent Group Ministries, Inc. and we in return, agree to pay you (or someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

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This type of donation can provide you with regular payments for life and allow Advent to further its mission. You can also qualif for a variety of tax benefits depending on how you fund yoru gift.