PLANNED GIVING & OTHER WAYS TO LEAVE A LEGACY

Gifts of all kinds are accepted with gratitude, but these are the most effective ways you can make a difference right now. By including Big Brothers Big Sisters of Northwest Arkansas in your charitable plan, you are creating a legacy of defending the potential of Northwest Arkansas’ youth.

DONATING STOCK

Are you interested in making a charitable gift that may yield double tax benefits and additional savings? If so, a gift of appreciated stock may be the right option for you. A gift of stock may provide more benefits than a cash gift. When you make a gift of stock to Big Brothers Big Sisters, by eliminating the capital gains tax that would be due upon selling the stock, you receive tangible tax savings and benefits while also supporting our mission. A gift of stock may be right for you if:

  1. You are holding stocks that have risen in value. If your stocks are highly appreciated, you may find yourself with a hefty tax bill when it comes time to sell. By using these securities as a gift, you can avoid the capital gains tax on any paper profit.

  2. You would like to maximize your deduction while not affecting your liquidity. If you decide to make a gift of stock, you not only retain your cash assets, but you also receive a charitable tax deduction for the full fair market value of the stock that you’ve owned for more than one year.

Your gift of appreciated stock to Big Brothers Big Sisters of Northwest Arkansas helps ensure that every child who walks through our doors achieves their full potential.

CONTRIBUTE TO OUR ENDOWMENT

Big Brothers Big Sisters of Northwest Arkansas has an endowment that supports our innovative programs and strategic plan, enabling us to carry out our mission of creating and supporting one-to-one mentoring matches that ignite the power and promise of youth. Please consider making a contribution to our endowment today using this link. By doing so, you are investing in the next generation of youth in our community!

Including a provision for Big Brothers Big Sisters of Northwest Arkansas in your estate plan is the ultimate way to continue investing in your values even after you’re gone. Below are a few easy options to structure a charitable estate gift:

GIVE THROUGH YOUR TRUST

Name Big Brothers Big Sisters of Northwest Arkansas as a beneficiary in your will. Your bequest can be for a specific dollar amount or a percentage of your estate.

GIVE THROUGH LIFE INSURANCE

Naming Big Brothers Big Sisters of Northwest Arkansas as a beneficiary on your life insurance policy is as simple as filling out a form with your plan administrator.

GIVE RETIREMENT ASSETS

Designating Big Brothers Big Sisters of Northwest Arkansas as a beneficiary on your IRA, 401k, or other retirement plan is another simple way to leave a lasting impact. If you are writing an estate plan that includes both Big Brothers Big Sisters and your own children, it may be beneficial to name your children on your life insurance policy (a tax-free benefit for your children) and name Big Brothers Big Sisters on your retirement policy, which would be taxable for your children but not for Big Brothers Big Sisters of Northwest Arkansas.

IMPORTANT NOTES

The best way to have a BIG impact on the Littles of the future is to have a conversation with Big Brothers Big Sisters of Northwest Arkansas planned giving staff before you start creating your plan.

Bring in the professionals - With any gift planning option, consult with your financial and tax professionals for advice specific to your situation. Big Brothers Big Sisters of Northwest Arkansas does not provide legal, tax, or accounting advice. The content of the material set forth above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You may not rely upon the content contained herein for any decisions that you make with respect to any current or future donation or contribution to this agency. Instead, you should consult your own tax, legal, and accounting advisors or financial planners before making any contribution to BBBSNWA or planned contribution.