LEAVE A LEGACY

lanned gifts allow for you to balance what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plans. Thank you for thinking about joining the growing group of supporters of On The Rise’s mission who are including our work in their estate planning through bequests and/or charitable gift annuities.

BEQUESTS

A simple planned giving option for donors of all ages is to bequest a gift to On The Rise in your will. A bequest allows you to keep your assets in your name during your lifetime and your estate receives a charitable tax deduction when the gift is made. Generally, the following bequest language is appropriate:

I give and bequeath to On The Rise, Inc., a nonprofit corporation, federal identification number 04-3290689, 341 Broadway, Cambridge, MA 02139, the sum of $_______ [or designate a portion of the estate, or specific property or assets] to be used for its general purposes.

CHARITABLE GIFT ANNUITIES

For donors age 75 or older, a charitable gift annuity is a popular planned giving vehicle that allows you to receive a fixed income stream for your life and to make a significant contribution to On The Rise. The minimum gift is $10,000. In return, On The Rise promises to pay you and/or beneficiaries of your choice a fixed sum, for life.

NEW TAX INCENTIVES FOR CHARITABLE IRA ROLLOVER

If you are age 70½ or older, new legislation now allows you to make cash gifts totaling up to $100,000 a year from your traditional or Roth IRA to qualified charities without incurring income tax on the withdrawal. This is good news for people who want to make a charitable gift during their lifetime from their retirement assets, but have been discouraged from doing so because of the income tax penalty. The provision is effective for tax years 2006 and 2007 only, so you must act by December 31 to take full advantage.