BEACON HILL Foundation

Most charitable gifts to the Beacon Hill Foundation are given in the form of cash because this is so familiar. However, this may not be the most cost-effective way for you to give.

You can increase your potential impact — and experience significant tax savings — by giving non-cash assets such as:

Stock or marketable securities
Real estate
Business interests
Farm commodities
Life insurance
Retirement assets, such as gifts from your IRA

Benefits of Giving Non-Cash Assets

Taxes: Receive a fair market value deduction at the time of your gift and avoid tax liability on the sale of appreciated assets.

Eliminate hassles: Give assets you no longer need or want to manage (such as rental properties of vacation homes) for the benefit of the Beacon Hill Foundation.

To learn more about giving non-cash assets or other smart and powerful giving options, call Andi Allen, Foundation Director at 616-608-8285 or andi.allen@beaconhillgr.org

If you are 70 ½ or older, you can make a sizable gift to the Beacon Hill Foundation from your individual retirement account (IRA) and receive significant tax benefits in return.

Benefits of Giving from Your IRA Convenience:
An easy way to give to the Beacon Hill Foundation.

Taxes: Distributions made directly to charity are not treated as taxable income. Advantageous even if you don’t itemize deductions on your tax returns.

Promises kept: Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.

Impact: Gifts are tax-free to the charity, so the entirety of your gift will go to the Beacon Hill Foundation.

Requirements of a Qualified Charitable Distribution
You can give from your IRA to the Beacon Hill Foundation without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of an IRA owner’s required minimum distribution (RMD).

IRA holders must be age 70 ½ or older at the time of the gift.
Give up to $100,000 per year as a single person or $200,000 per year as a married couple from separate accounts.
Gifts must be outright gifts made directly to a charitable organization.
Distributions to donor-advised funds, charitable trusts or for charitable gift annuities are not permissible.
Distributions may only be made from traditional IRAs or Roth IRAs; other retirement accounts are not eligible.

To learn more about giving from your IRA or other giving options, call Andi Allen, Foundation Director at 616-608-8285 or andi.allen@beaconhillgr.org

Your will (or trust) is a way to purposefully allocate your resources to support the people and causes you hold dear. When you give a gift (also known as a “bequest”) to the Beacon Hill Foundation in your will or trust, you model to your loved ones a legacy of generosity. You also help ensure that Beacon Hill at Eastgate will continue to make a difference well beyond your lifetime.

Benefits of Gifts in a Will

Legacy: extend the impact of your generosity well beyond your lifetime.

Simplicity: Easily add the Beacon Hill Foundation as a beneficiary in your will or trust.

Availability: Retain access to your God-given resources for the remainder of your lifetime, or for as long as you need them.

Flexibility: Change your mind at any time about how your charitable gifts are designated.

Capacity: Potentially give the largest gift you’ll ever have the ability to give.

To learn more about making a gift through your will or other giving options, call Andi Allen, Foundation Director at 616-608-8285 or andi.allen@beaconhillgr.org

A lifetime income gift, such as a charitable gift annuity or a charitable remainder trust, is a wonderful solution if you wish to give to the Beacon Hill Foundation in a substantial way, but are concerned about having enough retirement income.

Benefits of Gifts That Pay Your Income

Win-win: Support the Beacon Hill Foundation while securing income payments for life or a designated number of years.

Eliminate hassles: Give assets you no longer need or care to manage (such as rental property or vacation homes).

Taxes: Receive an immediate income tax deduction at the time of your gift and reduce capital gains tax when funding your gift with appreciated assets.

How much will your payments be?
The answer depends on a number of factors, including your age and the type of lifetime income agreement you choose.
Use our free online tools to calculate your potential income.

To learn more about gifts that pay you income or other giving options, call Andi Allen, Foundation Director at 616-608-8285 or andi.allen@beaconhillgr.org