Why Planned Giving Could Be a Great Idea for You

A planned gift is a powerful way to protect our community’s future while achieving your own financial goals. By joining our dedicated circle of supporters, you ensure that no neighbor goes hungry for generations to come. It’s a simple, no-cost way to leave a lasting legacy.

LEGACY GIFTS

  • The most common way to make a planned gift is through a bequest in your will or living trust. You can designate a specific amount, a percentage of your estate, or the remainder of your estate after other provisions are met. We’ve partnered with FREEWILL, a will preparation service, at no cost to you.

    Click here to learn more about FREEWILL.

  • Easily name Meals on Wheels of Greater Lynchburg as a beneficiary of your retirement account (like a 401k or IRA) or a life insurance policy. This is a simple step that requires only a form from your plan administrator.

TAX SMART GIFTS

  • When you give appreciated stock that you’ve held for more than a year, you may receive two significant benefits:

    • Avoid Capital Gains Tax

    • Receive a Tax Deduction

    This approach allows your generosity to go even further, turning an investment into a legacy of nourishment and compassion for people of all ages and incomes in our community. Please consult with your financial or tax advisor to determine the best approach for you.

  • If you're 70 ½ years of age or older, you can make charitable contributions from your traditional or Roth IRA, potentially reducing your taxable income. You may also qualify to donate up to $100,000 directly to charitable nonprofits from your individual retirement accounts without it being treated as taxable income. One essential detail — your plan administrator must issue the check directly to the charity.

    Studies show that gifting funds directly from your IRA is one of the most tax beneficial means of charitable giving. While this donation cannot be claimed as a charitable deduction, donors could realize other benefits by reducing their taxable income in this way.

    Consult your plan administrator or your tax advisors for more information about this provision and specific tax advice.

  • It’s easy to make a gift of stock to Meals of Greater Lynchburg.  If you have any questions, please call our office for support. 434-847-0796.

    • Please notify us of your generous gift so we can be on the lookout for it!

    Send the securities:

    • Our Broker –Our Broker – Vaden Waterworth Poats of Raymond James
      434-856-9070

    • Information for your broker:

      • DTC #0725

      • Gift Account #316PN521

      • Account Title – Meals on Wheels

    • Please tell your broker  you would like to make a gift of stock to Meals on Wheels of Greater Lynchburg. Your broker will walk you through the easy process.

IMMEDIATE IMPACT

  • A Donor Advised Fund (DAF) is a simple, flexible, and tax-efficient way to manage your charitable giving. Think of it as a personal charitable savings account. By contributing cash, appreciated stock, or other assets to a DAF, you receive an immediate tax deduction.

  • The Steward’s Society honors donors who provide a special gift that will feed our homebound neighbors for all time.  A gift in the amount of $26,000 (lump sum, or paid over 3 years) will provide meals ‘forever’ for one person in our community.

    Participation in the Steward’s Society is simple and flexible, and can be included in your estate plans.

    If you think the Steward’s Society is right for you, email Kris.

The information provided is not intended as financial, tax, or legal advice. Please consult your own professional advisor concerning any donation.