planned giving

It’s the generosity of donors that secures the future of Co-op Cincy. One way to donate is through a gift from an estate. Our mission is foundational and generational and therefore we are delighted to receive long-term, planned gifts.

A planned gift is a perfect way to be remembered, or to remember a loved one, while making a significant contribution to the lives of future generations. In addition, by including Co-op Cincy in your estate plans, you can gain financial and tax benefits for you, your estate, and your family.

Some options include:

Bequests

A bequest is a gift that is included in your will; it is a revocable arrangement that can be changed by you at any time. A bequest can be a specific monetary amount, a percentage of your estate, a specific piece of property, or a percentage of the “residue of your estate.” It is possible to add Co-op Cincy to an existing will through an amendment called a codicil, meaning the will does not have to be redrafted.

Estate Notes

This differs from a bequest in that it is given as an irrevocable promise to pay assets from the estate. It also does not require a change in the will.

TOD (Transfer on Death)

A TOD is a formal, but revocable, means of transferring assets so they are not included in an estate (not taxed). Typically, ongoing assets are owned by the donor but deposited in a financial institution, which provides the TOD.

Tangible Personal Property

Personal property such as jewelry, coins, works of art, antiques, automobiles, and other items may be donated to Co-op Cincy. You are responsible for setting an appraised value on the gift. Any gift over $5,000 must be independently appraised.

Retirement Assets

Tax-favored retirement plans, such as an IRA, have become increasingly popular. As an alternative to designating a relative for all or part of the residual, naming us as a beneficiary may save income taxes. Additionally, certain lifetime gifts of up to $100,000 to a qualified charity from an IRA may enable you to avoid income tax.

Life Insurance

A gift of life insurance that you currently own but no longer need is a great way to help and leave a legacy for the future.

Appreciated Securities and Real Estate

Transferring highly appreciated property directly to Co-op Cincy will save capital gains tax and also let the full value be credited to a charitable giving deduction.

Please contact Ellen Vera at ellen@coopcincy.org for more information or if you have any questions about any of the options listed. 

Donors will receive a letter for their taxes with the amount donated.

Thank you for your generosity and support!

Co-op Cincy is a registered 501(c)(3) organization.   

All or part of your gift may be tax deductible as a charitable contribution.  

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