Planned Giving
BEQUEST
A bequest is a gift that is made during your lifetime, but which benefits Prison Book Program after your passing. A bequest is easy to do – simply add a line to your will.
STOCK/SECURITIES
Prison Book Program can accept gifts of stock! Gifting appreciated shares of common stock or mutual funds can reduce potential tax burdens.
RETIREMENT PLAN ASSETS
These can be the most heavily-taxed assets in one’s estate. Naming Prison Book Program as a beneficiary (primary, percentage or contingent) can help avoid tax liability.
CHARITABLE IRA ROLLOVER
If you are over 72, you can donate up to $100,000 to one or more charities directly from a taxable IRA instead of taking required minimum distributions (RMDs). This may keep you in a lower tax bracket and prevent phaseout of other tax deductions.
BANK/INVESTMENT ACCOUNT
Your financial advisor can help you name Prison Book Program as a beneficiary (primary, percentage or contingent) on any financial account.
OTHER
There are many other planned giving tools that allow you and your family to make a special and rewarding gift to ensure the future of Prison Book Program. Ask your financial advisor about naming Prison Book Program as a beneficiary on a life insurance policy or setting up a charitable trust or charitable gift annuity.
