Tax-Wise Gift Plans
Individuals interested in making a contribution in support of The New England Center for Children may choose to do so through a tax-wise gift plan. By selecting one of these options, the donor ensures the needed support to NECC while simultaneously providing him/herself with substantial tax savings and financially sound future plans.
For more information or to include NECC in any of the planned giving options described below, please contact Alycia Bouvier of NECC’s Development Office at (508) 481-1015 ext. 3060 or by e-mail.
The following different types of tax-wise planned giving options are available:
- Bequests
Often when finalizing their wills, in addition to providing for their families and loved ones, individuals elect to provide donations to charitable organizations as part of their list of bequests. Bequests are an important way of ensuring support to your chosen charities once your estate has been distributed. In addition, your estate will be allowed a tax deduction for the amount of your bequest. NECC benefits greatly from the bequests of generous individuals with the forethought to provide lasting assistance to our programs and services.
- Charitable Gift Annuities
Through a charitable gift annuity, an individual can create a contract with NECC in which he/she agrees to donate cash, stocks or other assets in exchange for a mutually agreed upon amount of income for life. In this way, the donor is providing for guaranteed income in his/her future while also ensuring needed support for NECC.
- Charitable Remainder Trust
By establishing a charitable remainder trust, an individual is able to transfer his/her assets into a trust while retaining a fixed or variable income for life. In this way, he/she realizes significant tax benefits, secures future income, determines future distributions to his/her beneficiaries and ensures support for NECC. NECC is awarded the remainder of the trust’s worth after the death of the last beneficiary.
- Life Estate Contract
A donor may choose to establish a life estate contract through which he or she transfers ownership of a real estate deed to NECC while reserving the right for him/herself or other designated parties to live on the property or use it for life. Charitable tax deductions for life estate contracts are limited to properties that are personal residences.
- Charitable Lead Trust
A charitable lead trust offers donors the tax-wise opportunity to transfer assets to a trust that provides income to NECC for a specified period of time. At the end of that period, the trust reverts either back to the donor or a person designated by the donor.
- Pooled Income Fund
Through a pooled income fund, a common trust is established to which many donors can make contributions and retain for themselves a pro rata share of the fund’s earnings each year. Following the death of a beneficiary, NECC receives the value of the fund that is attributable to that individual. This type of fund is similar to a mutual fund and provides many financial and estate planning benefits to the donor.
