We are honored that you are considering Youth On Their Own as part of your planned giving. If you have any questions about the best way for you to benefit through a planned gift, please call us at (520) 293-1136. We would be happy to assist you and answer any questions that you have.
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way you can make a gift to YOTO! By donating your stocks or bonds to YOTO, you can:
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Help support more homeless students in the YOTO program
You may make your gift in a few different ways:
- By electronic transfer – Please contact our Finance Department at (520) 620-9245 for instructions on how you can transfer stock or bonds from your brokerage or investment account YOTO.
- By certified mail – If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
Gifts of Retirement Assets
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to YOTO. If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission of serving as many homeless students as possible. By donating to YOTO, you:
- Avoid potential estate tax on retirement assets
- Avoid income tax for your heirs on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
In case you don’t already know, if you have an IRA and are 70 ½ years and older, you are required to take an annual withdrawal from your IRA.” The PATH Act of 2015 allows an individual to make a yearly charitable contribution from an IRA of up to $100,000 without paying income taxes on the distribution. Donations must be made to one or more qualified charitable organizations or private foundations; the funds cannot be contributed to a donor-advised fund or a supporting organization. The process for making the donation is simple: the transfer must be made directly from the IRA sponsor to the charity or charities of your choice on or before December 31 of each calendar year.
To leave your retirement assets to YOTO, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you have any questions about gifts of retirement assets, please contact us at (520) 293-1136. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already included YOTO as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift!
Gifts of Insurance
A gift of your permanent life insurance policy is an excellent way to make a gift to Youth On Their Own. If you have a permanent (not term) life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to YOTO. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults. The benefits of making this gift are immense:
- Receive a charitable income tax deduction
- If YOTO retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If YOTO cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form, and include YOTO as the beneficiary of your policy. If you have any questions, please contact us at (520) 293-1136. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already named YOTO as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift!
Gifts of Charitable Bequests
A bequest is one of the easiest gifts to make. With the help of an advisor or attorney, you can include language in your will or trust specifying a gift be made to family, friends, or Youth On Their Own as part of your estate plan.
- You leave a lasting legacy to be remembered.
- You lessen the burden of taxes on your family.
- You may receive estate tax savings.
A bequest can be made in several ways:
- You can gift a specific dollar amount or asset.
- You can gift a percentage of your estate.
- You can gift from the balance or residue of your estate.
- You can make a beneficiary designation of certain assets.
To include YOTO in your estate planning, please contact your financial advisor to get started. If you have any questions, feel free to contact us at (520) 293-1136. We would be happy to assist you and answer any questions that you have.
If you have been so generous as to include a bequest to Youth On Their Own as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
Gifts of Cash
A cash gift is a simple and easy way for you to make a meaningful, planned gift to Youth On Their Own. You can either choose to make a gift today, or you can designate us as a beneficiary of your bank account assets. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help. By doing so, you can:
- Support the causes that you care about
- Continue to use your account as long as you need to
- Simplify your planning and avoid expensive legal fees
- Reduce the burden of taxes on your family
- Receive a tax deduction
To designate YOTO as the beneficiary of your bank account, contact your banker and ask them to send you a new beneficiary designation form. Complete the form, sign it and mail it back. When you pass away, your account will be paid or transferred to YOTO, consistent with the beneficiary designation.
If you have been so generous as to include Youth On Their Own as your bank account’s beneficiary, please take the time to let us know. We would like to recognize you for your generosity.