- 40800 W 13 Mile Rd, Novi, MI 48377
- legacyfoundation@brightmoorcc.org
- (248) 668-7090
As you consider how God may be leading you to give, don’t overlook non-cash assets you already own. Gifts such as appreciated stocks, real estate, mutual funds, business interests, collectibles, or even vehicles can offer powerful ways to support our mission—often with significant tax advantages.
These types of gifts may allow you to give more than you thought possible, while also reducing capital gains or estate tax liabilities. We encourage you to consult with a financial advisor to determine what’s best for your circumstances.
Yes! FreeWill will never share your personal information without your permission.
Yes. You are always free to revise or update your estate plans.
We’ve partnered with FreeWill to help you make a will or trust at no cost to you. You can use this to complete your plans, or you may choose to use the same tools to get your affairs in order before visiting an attorney (who is likely to have a fee associated with finalizing your plans).
Yes! Knowing in advance about your intentions is quite helpful to our staff, but you are always welcome to not share your gift.
Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.
Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.
The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.
A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.
Questions about Gift Planning? Reach out to the Brightmoor Legacy Foundation today.