Leave A Legacy
Since our founding in 1997, Back2Back has had the singular focus of serving vulnerable children and their families as we strive to create a world where each person we encounter is known and loved.
Leaving Your Legacy With Back2Back
When we asked donors why they gave to this mission, the response was overwhelmingly because they trust us, they love the work we do, and it connects them with the heart of the Father.
A Legacy Gift provides continued holistic care to the most vulnerable among us and creates a lasting impact in the lives of you and your family. We would love to be a part of what God is calling you toward.
Legacy Resources
Here are some ways you can provide care for today and hope for tomorrow:
- Include Back2Back in your Will or Trust
- Make Back2Back a Beneficiary of your IRA, 401(K), 403(B), Life Insurance policy, etc.
- Consider a Charitable Gift Annuity or Charitable Remainder Trust
- Make a grant from your Donor Advised Fund (or set up a Donor Advised Fund)
- Make a gift via Qualified Charitable Distribution from your IRA to meet your Required Minimum Distribution
- Make a gift of donated stock, mutual funds or other securities to Back2Back
Legacy Donation FAQs
Click on a dropdown below to learn more about specifics way to leave a Legacy Gift.
Donor Advised Funds
Donor Advised Funds have become a preferred charitable-giving vehicle for millions of Americans. A DAF is like a charitable investment account, allowing donors to donate assets and receive a tax-deduction now, while paying those assets out now or over time to the charities they care about. Here’s a quick overview:
Various institutions allow you to set up your own Donor Advised Fund under their umbrella. You can then contribute cash, publicly traded stocks, real estate and other assets into your DAF. When giving appreciated stock to a DAF, capital gains are not taxed. You are considered to have made a completed charitable gift when you contributed to your DAF.
A contribution to a donor-advised fund is an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities. But while you’re deciding which charities to support, your donation can potentially grow, making available even more money for charities.
You can make additional contributions into your DAF at any time, and you can request charitable distributions from your DAF at any time.
Donor Advised Funds can also be passed on to your heirs, who can continue making charitable gifts, thus allowing your legacy of generosity and stewardship to continue.
Investments & Securities
If you’re looking for a tax-smart way to share your blessings with orphaned and vulnerable children, consider a gift of stock, mutual funds, or other marketable securities. A gift of appreciated securities held for more than one year can result in two tax benefits: a charitable itemized deduction and avoidance of tax on the capital gain. Even if you do not itemize your deductions and instead claim the standard deduction, you will still benefit by avoiding the capital-gains tax on the gifted security. By giving in this way, your tax-advantaged gift has a greater impact on the important work of providing holistic care to children around the world.
Assign Us As Beneficiary
Supporting Back2Back after your lifetime means you’ll provide an opportunity for children to grow holistically through Back2Back’s Five Point Child Development Plan. You can designate Back2Back as a beneficiary through a life insurance policy or through your retirement plan. Simply request a beneficiary change form from your policy provider or plan administrator. Designating Back2Back as a beneficiary is one of the simplest, most convenient ways to provide holistic care to orphaned and vulnerable children and change the trajectory of their futures.
Will or Trust
You can make a powerful difference by giving through your will or living trust. A gift in your will or living trust invests in holistic care for the orphaned and vulnerable child beyond your lifetime — and often allows for an even bigger impact than thought possible. Whether you give a set amount or a percentage of your estate, your gift provides Care for Today and Hope for Tomorrow.
It’s simple to do, but you may need the help of a qualified estate planning attorney to ensure your bequest meets your personal, financial and philanthropic goals. If you need any assistance, please let us know.
If you’ve already included Back2Back in your Legacy plan, please share the good news with us. We would be honored to thank you for your gift.
Charitable Gifts
Gift Annuity or Remainder Trust
If you’re currently drawing income or plan to do so, a Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT) is a wise, powerful, and proven way to receive income during your lifetime in a tax-advantaged way, while providing for the future of vulnerable children.
Generally speaking, with a CGA or CRT, you use cash or marketable securities to make an irrevocable donation. In return, you receive payments for the remainder of your life or the life of you and another person, while receiving a current tax-deduction for the expected value of your future gift. After your passing, this gift supports orphaned and vulnerable children.
As these financial tools can be complex, please check with your financial planner or qualified estate planning attorney for the option that is best for you. If we can serve you or be of any assistance, please let us know.
IRA Distribution
Upon reaching age 72, the IRS requires all qualified IRA holders to take a Required Minimum Distribution (RMD) from their accounts. This distribution is includable as income and taxed at your ordinary income tax rates. Making a contribution directly to charity from your IRA, in lieu of taking an RMD, is termed a Qualified Charitable Contribution, or QCD. A QCD to Back2Back from your IRA allows you to forgo federal, and typically all state, income taxes on the distribution but still counts towards your annual RMD.
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