Planned Giving

Your Legacy of Impact

Ways To Give

There are several straightforward options for planned giving, allowing you to choose the method that best fits your financial goals and philanthropic vision:

Gifts in a Will or Trust (Bequests)

The simplest and most common form of planned giving is naming SSCAC as a beneficiary in your Will or Living Trust.

  • How it works: You can designate a specific amount, a percentage of your estate, or the remainder of your estate after other distributions.
  • Benefit: This gift is 100% deductible for estate tax purposes and provides flexibility, as the gift can be revoked if your circumstances change.
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Beneficiary Designations (Retirement Assets & Life Insurance)

You can easily name SSCAC as a beneficiary on existing accounts without changing your Will.

  • Retirement Assets (e.g., 401k, IRA): Naming SSCAC as a beneficiary of your tax-deferred retirement account can be one of the most tax-efficient ways to give. Unlike individuals, charities do not pay income tax on these distributions.
  • Life Insurance Policies: You can designate SSCAC as a full or partial beneficiary of a life insurance policy. Alternatively, you can donate an existing policy you no longer need and may receive an immediate tax deduction.
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Gifts of Appreciated Securities (Stocks & Mutual Funds)

Donating appreciated assets you’ve held for more than one year, such as stocks or mutual funds, offers a dual tax advantage.

  • Benefit 1: You avoid capital gains taxes on the appreciation.
  • Benefit 2: You receive a federal income tax deduction for the full fair market value of the gift.

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Charitable Trusts and Annuities

For larger estates, more complex tools like Charitable Remainder Trusts (CRT) or Charitable Gift Annuities (CGA) allow you to provide for your loved ones and SSCAC simultaneously.

  • How they work: These vehicles can provide you or a named beneficiary with income for life or a specified term, with the remainder eventually coming to SSCAC. They also offer immediate tax benefits.
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Why Plan Your Gift to SSCAC?

When you make a planned gift, you are:

SECURING YOUR FUTURE

Your commitment ensures that vital programs—like energy assistance, food security, and workforce development—will continue to serve the South Shore's most vulnerable residents for future generations.

REALIZING TAX SAVINGS

Depending on the method, your gift can significantly reduce estate, income, or capital gains taxes.

MAKING A STATEMENT

You are demonstrating your profound belief in self-sufficiency and your dedication to building a stronger, more equitable community.

Let's Connect

We understand that planned giving involves careful consideration. We encourage you to consult with your financial advisor or estate planning attorney to determine the best option for your unique situation.

If you have already included SSCAC in your plans, or if you are considering a gift and would like more information on how your contribution will be used, please contact:

Your courage and generosity create the foundation for self-sufficiency on the South Shore.