IRA Charitable Rollover
How it Works
If you are at least 70½ years old or older
You can give any amount up to a maximum of $100,000 per year from your IRA directly to a qualified charity such as Lifeline Recovery Center.
A couple can give up to $200,000
You don’t have to pay any income taxes on this money.
The gift doesn’t count as income, so you can reduce your annual income level.
Appreciated Stock
How it Works
If you have appreciated stock or other securities you’ve owned for at least one year, you can receive a double tax benefit by donating this stock to Lifeline.
You will receive a tax deduction for the fair market value of the stock.
You will avoid paying capital gains tax.
Gifts of Real Estate
How it Works
You can make a gift of real estate you have owned longer than one year.
You can qualify for a federal income tax charitable deduction equal to the property’s full fair market value.
You can also eliminate capital gains tax on the appreciation of the real estate.
Please contact Lifeline to ensure that we can accept this gift.
Life Insurance Policy
You can name Lifeline as primary beneficiary of your life insurance policy or as a contingent beneficiary should your other beneficiaries not survive you.
How it Works
Provide now for a future gift by naming Lifeline as beneficiary of a policy insuring your life.
At death, the benefits pass to Lifeline free of federal estate tax and are applied to the program designated by the donor.
Benefits
Once you execute this estate planning strategy, you can change your mind and beneficiaries at any time.
Remove an asset from your potential gross taxable estate, saving on taxes in the future.
Make a significant gift from income instead of capital.
Make an impact on clients at Lifeline struggling with life-controlling addictions.
Wills & Living Trusts
How it Works
You designate a particular asset or a percentage of your estate to Lifeline by including a bequest provision in your will or revocable trust. You can do this while creating your will or trust, or you can amend an existing one with a simple document. Lifeline can be either a primary or a contingent beneficiary.
If you plan to restrict the use of your bequest (designating to a specific use or program), please contact Lifeline to ensure your wishes can be met.
We encourage you to inform Lifeline of your commitment, which helps for planning and ensures your wishes can be fulfilled. This is especially important for gifts of real estate, business interest or other specialized property.
Lifeline receives the gift after your lifetime and applies it to the purpose(s) you specified.
Benefits
Your gift costs you nothing now. You retain control of your assets during your lifetime.
You can change your mind or modify your gift if circumstances change.
Your generous intent is acknowledged in our planned giving society.
Your gift can remain anonymous if you choose.
Your gift may provide tax savings or help reduce the tax burden for your heirs.
You can leave a gift in honor or memory of someone who inspired you.
You will be remembered as someone whose legacy included helping those struggling with life-controlling addictions.
More Information
Please contact us in advance if you intend to bequeath real estate, a business interest or other specialized property.
The remaining balance in your retirement plan makes a tax-wise gift and can be donated to charity.
Bequest Language
I give, devise, and bequeath the (sum of/percentage of/ residue of my estate) to Lifeline Recovery Center, a nonprofit corporation with principal offices in Paducah, Kentucky, to be utilized for the benefit of Lifeline as specified in an agreement on file at Lifeline Recovery Center.
Leave a lasting legacy.
Lifeline Recovery Center is a Christ-centered recovery program for those dealing with life-controlling addictions. Started in 2004 in Paducah, KY., the program serves nearly 150 clients annually, with a 63 percent success rate of sobriety one year after graduation. Be part of a passionate community of people committed to transforming lives. Your donation helps fund client treatment making it one of the most affordable options for those seeking treatment.