PLANNED GIVING

You designate Boys & Girls Club of Greater Derry, Inc. as a beneficiary of your assets by will, trust, or other instrument. Bequests allow you to retain control of your assets during your lifetime. A bequest can be tailored to almost any set of circumstances, and it provides an unlimited deduction for estate tax purposes. 

An income-producing gift, such as a gift annuity or charitable remainder trust, enables you to generate a current income tax deduction while providing yourself or a loved one with a secure source of income for life or a period of years. When funded with appreciated assets, it can also help you increase your income while avoiding capital gains taxes.

A gift of a life insurance policy, or simply naming the Boys & Girls Club of Greater Derry as a beneficiary of your bank account, allows you to make a major gift for a modest cost. Many donors use insurance gifts to receive a current tax deduction while disposing of an old policy that is no longer needed. Other donors purchase a new policy, donate it to Boys & Girls Clubs, and make an annual gift to cover premiums. loyal ones.

By designating the Boys & Girls Club of Greater Derry as the beneficiary of all or a percentage of your IRA or any other qualified retirement account such as a 401(k), 403(b) or pension account, you can make a substantial gift while avoiding income and estate taxes that may consume as much as two-thirds of the account balance.

A gift of appreciated securities provides increased value to the Club at a decreased cost to you. Other benefits include a charitable income tax deduction for the fair market value of the gift securities and elimination of capital gains tax that would ordinarily become due if you had sold the appreciated securities on the open market and donated the proceeds of the sale to The Club.

You may receive gift credit and an immediate charitable income tax deduction, typically for the appraised value of your gift. Your charitable deduction equals the full value of your gift as long as it is used to further our charitable mission. 

A gift of cash is one of the simplest donations, and it maximizes your charitable deduction while providing immediate benefits to the Boys & Girls Club of Greater Derry. Gifts of cash include currency, personal checks, crypto currency, money orders, credit cards and wire transfers.