Ideas for Giving and Moving Forward
While Health Care Foundation for Ventura County continues to move forward with its important work, we realize you may still have unfinished business or questions when it comes to your will or estate plan and the benefits of philanthropic giving. We are happy to provide timely updates to help you move forward as well on your gift planning journey!
1. IRAs Charitable Rollover Gifts Still Allowed In 2022
The law remains that IRA owners age 70½ and older can make a charitable rollover gift of up to $105,000 from their IRA to public charities. This charitable IRA rollover will count toward their RMDs.
2. IRA To Testamentary Unitrust
When you revisit your estate plan, consider funding a testamentary charitable remainder unitrust with your IRA balance. This plan can provide lifetime payments to your heirs, spread out the taxes on their inheritance and provide a future gift to Health Care Foundation for Ventura County or other charity close to your heart.
Contact your financial advisor to learn more about the changes included as part of the SECURE Act and how those changes might affect you.
3. Charitable Bequests
You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support Health Care Foundation for Ventura County while not impacting your available cash today.
4. Donor Advised Funds
If you have a Donor Advised Fund (DAF) and wish to help Health Care Foundation for Ventura County this year, you can make a gift from your DAF to support our work without affecting your personal financial security.
5. Charitable Gift Annuities
If you are concerned about your financial security given the ups and downs of the stock market, you may want to consider making a gift to fund a charitable gift annuity. You might be surprised by the benefits. You can exchange your low-performing stock, CDs or cash for guaranteed lifetime fixed payments. If you make a gift of an appreciated asset, you will not have to pay capital gains when you fund the annuity. You may also benefit from a tax deduction this year and a portion of your payments could be tax-free.
