PLANNED & LEGACY GIVING

Legacy Is Not Leaving Something for People, It Is Leaving Something In People

Plan so your generosity continues to have an impact for generations to come.

Planned giving ensures good stewardship of your assets by increasing benefits for you and your family. Gifts through Lebanese Empowered Against Poverty help us empower thousands of families around Lebanon by providing us with the resources needed to develop and fund our sustainable programs. 

Leaving a bequest to LEAP in your Will or Trust is the most common type of legacy gift. A bequest is a transfer of personal property as directed by specific provisions of a person’s Will or Trust after one’s lifetime. A charitable bequest is when an individual designates a charitable organization as the recipient. By including a bequest to Lebanese Empowered Against Poverty in your Will, you are directly contributing to the lasting impact of the work we do for generations to come. 

FOUR WAYS TO LEAVE A GIFT IN YOUR WILL OR TRUST

Leave a residual bequest, where the remainder of your estate is left to LEAP after providing for your family
The residue of the estate: “I bequeath to Lebanese Empowered Against Poverty all of the residue (or remainder) of my estate for its own use absolutely.”
  

Leave a percentage of your estate
Percentage of the total estate: “I bequeath to Lebanese Empowered Against Poverty  __% of my estate in its entirety for its own use absolutely.”
  

Leave a contingent bequest, a share of your estate after your other beneficiaries have passed on
Contingent Bequest: “I bequeath to Lebanese Empowered Against Poverty the remainder of my estate after my family heirs pass.”
  

Benefits

You may change your bequest or trust designation at any time  
You may change your bequest or trust designation at any time  
 
Your bequest or trust designation will not be subject to any potential federal estate tax 
 
Your bequest or trust designation will not be subject to any potential federal estate tax 
 
 
LEAP strongly recommends that all potential donors consult their family as well as their legal and financial advisors prior to making a bequest. Individuals should also take the necessary steps to ensure that they have made adequate provisions for their family and heirs. In this way, the gift will reflect responsible stewardship of family resources and a charitable service to society.
 
 
 

DISCLAIMER

The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Lebanese Empowered Against Poverty. We would be pleased to discuss, in confidence, ways in which you may support LEAP. These measures may also have an impact on your estate planning.

GIFTS FROM RETIREMENT PLANS

Naming Lebanese Empowered Against Poverty as the beneficiary of a retirement plan such as an individual retirement account (IRA), 401(k), 403(b), or other qualifying retirement plan is a great way to fully utilize your retirement assets and fulfill your charitable intentions. 

HOW TO DESIGNATE LEAP AS THE BENEFICIARY OF YOUR RETIREMENT  
 
All it takes is speaking with your plan administrator to update your beneficiary designation to Lebanese Empowered Against Poverty. You have the ability to designate LEAP as the sole beneficiary or even state a specific amount or percentage of the plan if you intend to name multiple beneficiaries

THE BENEFITS OF DESIGNATING LEAP

The income you have contributed to your retirement plan accounts is generally not taxed before distribution. Once you decide to withdraw from your plan, the withdrawals will be taxed. By designating LEAP as the beneficiary, your retirement assets are eligible to be exempt of taxation. 
 
You maintain ownership and control of your retirement account.
 
 
This provides an opportunity to create an efficient estate plan that maximizes the potential of your assets.
 
 
This provides an opportunity to create an efficient estate plan that maximizes the potential of your assets.
 
 
 
If your family or financial circumstances change, your designation can be changed at any time.
 
 
 
 

DISCLAIMER

The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Lebanese Empowered Against Poverty. We would be pleased to discuss, in confidence, ways in which you may support LEAP. These measures may also have an impact on your estate planning.

IRA CHARITABLE ROLLOVERS

An individual retirement account, commonly known as an IRA, is an investment account utilizing current tax benefits to better prepare one for financial security after retirement. You can transfer a portion of your IRA to Lebanese Empowered Against Poverty to maximize your tax deductions, all while supporting the work of our organization.

The Internal Revenue Service (IRS) requires anyone, who has reached the age of 70-½ years, and who has a tax-deferred retirement account, such as IRAs, to annually withdraw a minimum amount from these accounts and pay taxes. The amount, referred to as the Minimum Required Distribution (MRD), depends on the balance of your retirement account at the end of the previous calendar year.

IRAs have a special provision, known as a charitable rollover, where one can transfer assets up to $100,000 dollars annually to public charities directly, exempting them from paying taxes. 

Requirements and restrictions for making an IRA charitable rollover gift

The donor must be 70½ or older. 
 
  • The gift must be made directly from the IRA to Lebanese Empowered Against Poverty 
  • Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer for the year
  • The gifts must be outright, and no material benefits can be received in return for the gifts. Thus a transfer for a gift annuity, charitable remainder trust, or pooled income fund is not permitted
  • Gifts cannot be made to a donor-advised fund, supporting organization, or private foundation
This provides an opportunity to create an efficient estate plan that maximizes the potential of your assets.
 
 
This provides an opportunity to create an efficient estate plan that maximizes the potential of your assets.
 
 
 
If your family or financial circumstances change, your designation can be changed at any time.
 
 
 
 

An IRA rollover may be the right gift for you to make if:

  • You would like to make an additional charitable gift, but it would not be deductible because of the annual limitation of 60 percent of adjusted gross income for charitable contributions. The IRA charitable rollover is equivalent to a deduction because it is not included in taxable income.
  • You want to make a charitable gift and your IRA constitutes the largest share of your available assets.
  • You are required to take a minimum distribution from your IRA, but you do not need additional income.
 
You do not itemize your deductions. In that case, a personal IRA distribution increases your taxable income without the benefit of an offsetting deduction. An IRA charitable rollover will not be included in your taxable income even if you do not itemize other deductions. 
 
You live in a state where retirement-plan distributions are taxable on your state income-tax return, but your state does not allow itemized charitable deductions. 
 
 
 
You have an outstanding pledge to a charity. The IRA charitable rollover can satisfy a pledge without violating rules against self-dealing. 
 
 
 
 

INFORM US

The organization requests that donors who have chosen to include Lebanese Empowered Against Poverty in their Will or Trust to inform the organization about the bequest provision. This will help LEAP provide better service to the donor and to the estate. If the donor is willing, LEAP also requests that the donor provide a copy of that section of the Will or Trust naming the organization as a record.

For more information on making a bequest or informing LEAP of your intention, please contact call (407)789-1410, or email donations@leapforlebanon.org

DISCLAIMER  

The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Lebanese Empowered Against Poverty. We would be pleased to discuss, in confidence, ways in which you may support LEAP. These measures may also have an impact on your estate planning.

Create your legacy with Lebanese Empowered Against Poverty through a planned gift today.