Recent changes to the tax code provide a unique opportunity to contribute to non-profit 501 (c)(3) organizations such as Little Light House. The following chart provides financial vehicles with which donations can be made to Little Light House. A financial advisor can offer guidance in referring a tool that is appropriate for each individual situation.
For further information on Planned Giving please contact Rachel Mouton, Director of Development at The Little Light House 918.664.6746.
Gifts through your Estate
Estate giving is a process of discovery on of how to integrate charitable giving now or after your lifetime, while enjoying financial benefits for you and your family.
These types of gifts are sometimes referred to as “stop-and-think” gifts because they require some planning and, help from your professional advisors. Unlike cash donations, they are typically made from assets in your estate rather than disposable income, and are gifted to charity upon your death.
The most common planned gift is a bequest in your will or living trust. Other planned gifts include:
- A charitable gift annuity
- A charitable remainder trust
- A charitable lead trust
- Retirement plan assets
- Life insurance policies
A misconception is that estate giving is only for the “wealthy.” The truth is, even people of modest means can make a difference through planned giving.
Beneficiary Designated Gifts
Gifts can also be made to Little Light House when a donor designates Little Light House on their life insurance, IRA, or Pension Plan.
Codicil for Wills
A codicil is a document that amends, rather than replaces, a previously executed will. Amendments made by a codicil may add or revoke small provisions (e.g., changing executors), or may completely change the majority, or all, of the gifts under the will
Please refer to the chart below for more detailed information on other forms of gift opportunities.