There is good news!
There are ways you can give today, while still preserving your assets for retirement and providing for your family.
You can support Boys & Girls Clubs of Oceanside (BGCO) and the youth we serve without impacting yourself or your family. Please contact us to learn more about these charitable gifts.
Here are some gifts anyone can afford to make:
Designating us as beneficiary in your will or trust is a simple way to commit to BGCO, and it will not affect your cash flow during your lifetime. In addition, it's easy to revoke this type of gift if your situation or goals change.
Naming BGCO as the beneficiary of a retirement plan, financial account, or annuity is another easy way to help further our mission. You can continue to benefit from these assets during your lifetime. A beneficiary designation may also be changed at any time.
If you have an old, unneeded life insurance policy, you can donate it to us and take an immediate tax deduction. You can also name us a beneficiary of your policy.
If you own securities or real estate that you no longer need or wish to sell, a gift of these assets is another way that you can benefit BGCO without impacting your cash flow. You may also benefit from capital gains tax avoidance by giving rather than selling these assets.
If you have valuable assets such as artwork, collectibles, jewelry, etc., that you no longer want or need, consider giving these assets to BGCO and benefit from an income tax deduction this year.
If you own your home and wish to remain living there, you can transfer your home (farm or vacation home) to BGCO while retaining the right to use the home during your lifetime. Enjoy the added benefit of an income tax deduction!
Make a gift to BGCO directly from your IRA and the transfer will count towards your required minimum distribution (RMD.)
Note: because you are not claiming the transferred amount as income, you will not receive an income tax deduction for your gift.
