Planned Giving

As we go through life, we realize there are people, values and concerns that we hold dear to our hearts. And, we support them as best we can. But, how can you ensure that those people, values and concerns will be protected now and in the future? Planned giving is a way to support a favorite charity and leave a legacy for future generations.

As you think about the legacy you may wish to leave, please consider including the Appalachian Children’s Chorus as a beneficiary. You have an opportunity to continue making your voice heard as you support the wonderful children, the joy they bring through music and the goals of the choir, now and in the future!

Strategic planning may help you find a planned-giving vehicle to address your own financial concerns and challenges while also allowing you to create a legacy that will extend the benefits of your generosity far into the future and on a much broader scale.

Here you will find ideas to assist you in your charitable gift planning. Using the information here may very well guide you in deciding the best way to provide for your heirs and accomplish your charitable and estate-planning goals.

If you have already made provisions for ACC to be a part of your estate planning, we would appreciate you letting us know. We would love to be able to thank you!

Ideas for Giving

With so many options, which is the best for you? Since the various plans offer tremendous benefits for you, the donor, your strategy will be based on your individual situation.

Below are some ways to begin.

Support ACC Today

Option: Receive charitable income-tax deduction.
HOW? - An outright gift of cash.
Outcome: Deduct the full value of the gift for federal income-tax purposes.

Support ACC without depleting your cash reserves

Option 1: Avoid capital-gain taxes.
HOW? - A gift of appreciated property.
Outcome: Decrease the out-of-pocket cost to you by avoiding capital-gain tax.

Option 2: Make use of assets you may no longer need to support ACC.
HOW? - A gift of a paid-up life insurance policy.
Outcome: Receive an immediate income-tax deduction for the lesser of net premium paid or the fair-market value of the policy.

Option 3: Leverage the equity in one of your largest assets to support ACC.
HOW? - A gift of real estate.
Outcome: Receive an income-tax deduction and avoid capital-gain tax. You may retain the right to live in your home, or a residence or farm.

Provide support for ACC

Option 1: inimize taxes on the transfer of a business you own.
HOW? - A gift of closely held business stock.
Outcome: Receive an income-tax deduction and avoid capital-gain tax.

Option 2: Make a significant future gift without affecting your current lifestyle
HOW? - A charitable bequest
Outcome: Reduce estate and inheritance taxes, and retain control over your assets during your lifetime.

Option 3: Leave assets to ICC and your heirs upon your death but you are not sure what to leave to whom
HOW? - Designating ICC as a beneficiary of your retirement-plan benefits
Outcome: Avoid estate and income tax on retirement-plan assets while making other property available to your heirs.

Make a significant gift to ICC

Retain a fixed income for yourself
HOW? - A charitable remainder annuity trust
Outcome: Receive a fixed income stream and an immediate income-tax deduction and avoid capital-gain tax.

Use your assets to support ICC today

Retain control over the distribution of those assets to heirs
HOW? - A nongrantor charitable lead trust
Outcome: Freeze value of assets contributed for gift- and estate-tax purposes and avoid estate tax on future appreciation.

Your estate planning manager may be able to discuss these options in more depth with you and help you select the option that is best for you.

We thank you for reviewing these options and considering ACC as an organization you value by supporting the choir with a planned gift. The legacy you leave to the children of the choir will be seen and heard through their beautiful voices as well as in the amazing adults they will become because of the lessons they learn in ACC.

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