Legacy Giving
Heritage Society: The Gift of a Lifetime
Thank you for considering making a legacy gift to Junior Achievement of Southern California.
There are many ways to leave a legacy behind in your community. Making a legacy gift to JASOCAL ensures that the future generation of students continue to receive critical financial education, attain work readiness skills, and foster an entrepreneur mind beyond your lifetime.
Beneficiary Designation
A beneficiary designation is one of the simplest ways to make a lasting gift to Junior Achievement of Southern California. A beneficiary designation can specify individuals and/or charities you want to support, as well as the specified percentage of assets you want each beneficiary to receive. While you may transfer your assets through your will or living trust, a beneficiary designation controls the distribution of your retirement account, life insurance, Charitable Gift Annuity, Charitable Remainer Trust, and or a Charitable Lead Trust.
Bequests
A charitable gift from your estate is a method of giving that enables you to achieve your financial and estate goals, maintain control of your assets, and benefit Junior Achievement of Southern California. It is crucial that your bequest is clearly and accurately defined in your estate plan so we can carry out your intended wishes. We welcome the opportunity to connect with you to ensure we understand and honor your intentions.
Retirement Assets
A gift of Retirement Assets has the potential to be a tax advantageous way to make an estate gift. This is because depending on current tax law, retirement assets left to individuals may be subject to income tax when the individual(s) receive the distributions, while similar funds left to non-profits like Junior Achievement of Southern California may not face the same tax requirements, leaving more of the funds available for charitable purposes.
Life Insurance
Life Insurance policies can be used to make a substantial gift to Junior Achievement of Southern California. Complete and return your insurance company’s form designating that Junior Achievement of Southern California receives all or a portion of the insurance benefit associated with your life insurance policy. In addition to naming Junior Achievement of Southern California as the beneficiary, you can also transfer ownership of the policy. Transferring ownership may result in a charitable tax deduction, which may provide potential income tax savings.
Charitable Gift Annuity
A Charitable Gift Annuity (CGA) provides fixed payments to you or others you name for life in exchange for your gift of cash or securities. You can fund a gift annuity with cash or securities in exchange for a promise to pay you a fixed income (with rates based on your age) for the rest of your lifetime for single or joint life.
A charitable gift annuity could be right for you if:
- You want to make a generous gift to Junior Achievement of Southern California.
- You want to maintain or increase your current cash flow.
- You want the security of fixed, dependable payments for life.
- You want to save income taxes or defer capital gains taxes.
- You would like income that is partially tax-free.
- You are considering a gift amount of $20,000 or more.
- You are at least 65 years of age.
It is important that your charitable gift annuity is clearly and accurately described in your estate plan so that we carry out your wishes as you intended. We welcome the opportunity to connect with you to ensure we understand and honor your intentions.
Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is similar to a charitable gift annuity. The difference is your ability to customize the parameters of the gift (payout rate, period of years, start and end dates, etc.). The process will include transferring cash or securities to fund a charitable trust and select a trustee who is responsible for administering your charitable remainder trust and guides the investment of its assets. When your trust ends, all of the remaining principals will become available to support Junior Achievement of Southern California. It is important that your charitable remainder trust is clearly and described in your estate plan so that we carry out your wishes as you intended. We welcome the opportunity to connect with you to ensure we understand and honor your intentions.
Charitable Lead Trust
A Charitable Lead Trust (CLT) allows you to transfer cash, securities, or property to a trust that makes annual gifts to Junior Achievement of Southern California or other organizations for a period of time. If structured properly, a charitable lead trust has the potential to transfer assets to your family without paying gift or estate tax. It is important that your charitable lead trust be clearly and accurately described in your estate plan so that we carry out your wishes as you intended. We welcome the opportunity to connect with you to ensure we understand and honor your intentions.
Real Estate
Real Estate can be one of the largest assets someone owns in addition to their retirement accounts. There are many options for donating your home, second home, commercial building, vacant land, farm, or other real estate to Junior Achievement of Southern California. These assets can be a substantial gift to JA. There may be income tax benefits for you including an immediate charitable income tax deduction. A real estate asset can fund an outright gift or be used to fund a Charitable Gift Annuity, Charitable Remainer Trust, or Charitable Lead Trust. It is important that your real estate is clearly and accurately described in your estate plan so that we carry out your wishes as you intended. We welcome the opportunity to connect with you to ensure we understand and honor your intentions.
