- 40800 W 13 Mile Rd, Novi, MI 48377
- legacyfoundation@brightmoorcc.org
- (248) 668-7090
Outright cash gifts are the simplest and most immediate way to support our mission. Whether given as a one-time donation or part of your annual giving, these gifts provide vital support for our ongoing ministries, programs, and community outreach.
Cash gifts may also offer immediate tax benefits, as contributions to qualified charities are generally tax-deductible in the year they are made
Make your gift by check, credit card, or bank transfer. You can give a one-time gift or set up recurring donations.
Keep a record of your contribution. For larger gifts, a written acknowledgment may be required for tax purposes.
Claim your deduction. In most cases, the full amount of your gift is deductible on your federal income tax return, subject to IRS guidelines.
If you’re considering a larger cash gift or have questions about how your giving can align with your financial goals, we welcome the opportunity to speak with you.
Many people choose to give stocks, securities, or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.
Give appreciated assets now and enjoy the benefits, or add Brightmoor Legacy Foundation as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.
Making a gift of real estate to charity may be an appealing option for property owners with appreciated value, as it helps avoid capital gains tax liabilities.
Additionally, it benefits individuals seeking to simplify estate planning, reduce estate tax liability, and relieve themselves from ownership expenses and maintenance burdens.
A Qualified Charitable Distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their Individual Retirement Account (IRA).
QCDs can count towards satisfying an individual’s Required Minimum Distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.
A Retained Life Estate is a planned giving arrangement where individuals can donate their home or real property to a charitable organization while retaining the right to live in it for their lifetime.
It is ideal for homeowners who wish to make a significant charitable gift while still enjoying the property’s use and avoiding the complexities and costs associated with transferring ownership during their lifetime.
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.