foundation-ways

Ways to give to the BHI Foundation

Outright Gifts

The easiest method of giving to the BHI Foundation is an outright gift made during a donor’s lifetime.

Gifts of cash are simple, straightforward ways to donate to the BHI Foundation that allow your gift to begin helping immediately. Depending on your income tax bracket, a portion of your contribution may be counted as a charitable income tax deduction.*

Gifts of appreciated assets such as stocks or bonds — and in some cases, real estate — that you have owned for more than one year and that have increased in value can minimize taxes and leverage the full value of the asset. By transferring the asset directly to the BHI Foundation, you may be able to deduct the full fair-market value of the asset at the time of the gift.*

Bequests

A bequest is a provision in a will or living trust that gifts assets to the BHI Foundation upon the death of the donor. The gift can take the form of cash, a specific amount or item, a percentage of the estate, or securities.

Charitable Gift Annuities

Charitable Gift Annuities (CGAs) are the cornerstone of the BHI Foundation’s growth. A CGA can benefit one person or two people consecutively. It can also be entered into for the benefit of another person. A Deferred Charitable Gift Annuity option is also available. In addition to its value to BHI’s communities, a CGA offers many potential benefits to the donor*:

Secured fixed income for life
Higher income based on age
Charitable deduction/tax savings
Bypass of capital gain on gift
Tax-free income portion
Remainder to charity
Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a trust in which the remainder (whatever assets remain after all other terms and conditions have been fulfilled) is transmitted to a qualified nonprofit charitable organization such as the BHI Foundation.

There are two types of CRTs:

  • A Charitable Remainder Annuity Trust provides a fixed income each year.
  • A Charitable Remainder Unitrust provides an income that is revalued annually.

Each type of CRT bypasses capital gains, provides an income increase and offers a charitable tax deduction.*

Charitable Lead Trusts

A Charitable Lead Trust (CLT) is a trust that provides an income stream to a charity, after which the trustee returns the remainder to whomever the donor designates (usually the donor’s heirs). It is, therefore, the reverse of a CRT. It can be very useful to provide a gift and at the same time conserve assets for one’s heirs at substantially reduced gift taxes.

Life Insurance

A gift of a life insurance policy — with the BHI Foundation named as the owner and beneficiary — is an appealing way to make an outright charitable gift. It acknowledges your commitment now, permits a much larger gift than could otherwise be made currently and is made from assets that will not affect your level of income.

BHI Foundation Inc. is a 509(a)(3) supporting organization. All gifts made to the Foundation are tax-deductible in accordance with the tax laws of the United States of America and the State of Indiana.

If you would like additional information regarding the Foundation, contact Jennifer Zvokel, foundation director, at JZvokel@bhiseniorliving.org or 317-873-3371.

*Please note: The information provided above should not be construed as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.