Your planned gift is very important to the ongoing success of The Village Network and our mission to help troubled and abused boys and girls. If you would like more information on planned giving and how it benefits both you and at-risk youth please call Tim Homan at 330.202.3802.
Bequest by Will Support The Village Network beyond your lifetime through a bequest in your will. Bequests are usually paid before your estate goes into probate and can be used to support a specific program or placed into The Village Network Foundation where it will provide income in perpetuity. The Organizational Advancement Department can provide simple language to your attorney upon request.
Life Insurance Not only can insurance be used to protect and provide for loved ones after death, it can be used for a charitable gift to The Village Network when naming the agency as a beneficiary. Policies not used for their original purpose make excellent gifts and the donor may deduct the replacement value of the policy. Funds placed into The Village Network Foundation provide income in perpetuity.
Donate IRA Proceeds An IRA is another way to make a charitable gift. Typically there is beneficiary tax on the asset. When transferred to a tax-exempt charitable organization, in most cases taxes are not required to be paid.
Charitable Remainder Trust A charitable remainder trust allows you to make a gift without giving up the income the asset generates. Your gift value is based on current market value without triggering a taxable capital gain. Most importantly the "remainder" will support services for children into the future and permit The Village Network to plan for future growth. Funds placed into The Village Network Foundation provide income in perpetuity.
Charitable Lead Trust With most Charitable Lead Trusts, the assets transferred to the trust are eventually returned to the donor, or more typically the donor's children. Income is paid to The Village Network annually while the assets are in trust. These trusts can be created during a lifetime or at death, with significant savings in gift or estate taxes possible because of your "temporary" gift to The Village Network.
Charitable Gift Annuity A gift annuity is a life annuity for one or two lives issued in exchange for gift property, with The Village Network guaranteeing the annuity payment to the annuitant(s). The donor receives a charitable tax deduction for the value of the remainder of the gift. The basis is recovered tax-free over the donor's lifetime and The Village Network receives the capital gift when the income ends.
