A planned gift is a way for you to develop a lasting legacy that positively impacts North Alabama's youth for years to come. Your planned gift helps ensure future generations will have the programs, resources, and guidance to help them achieve academic success, make healthy life choices, and foster the skills they need to reach their full potential. Our goal is to help you craft your legacy in such a way that it also benefits you and your loved ones. There are several ways you can leave a legacy, such as planned giving to Boys & Girls Clubs of North Alabama while enjoying tax and income benefits. Explore the variety of options below and reach out to us to develop a legacy you will be proud of.
Bequests
Simply name Boys & Girls Clubs of North Alabama as a beneficiary of a sum of money or a percentage of your estate in your will or living trust. This revocable gift allows you the flexibility to revise your wishes over time as life circumstances change.
Sample Bequest Language
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Residual: I give the rest, residue, and remainder of my estate, after the payment of all expenses, taxes, and debts, to Boys & Girls Clubs of North Alabama, presently located at P.O. Box 73, Huntsville, AL 35804 / Tax ID: 63-0360026
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Fraction: I give Boys & Girls Clubs of North Alabama _____ % (fraction spelled out) of the rest, residue, and remainder of my estate, after payment of all specified bequests, expenses, taxes, and debts, to Boys & Girls Clubs of North Alabama, presently located at P.O. Box 73, Huntsville, AL 35804.
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Specific: I give $ _____ (number spelled out) to Boys & Girls Clubs of North Alabama, presently located at P.O. Box 73, Huntsville, AL 35804.
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Contingent: If none of the persons I have identified above as beneficiaries of my estate survive me, I give the rest, residue, and remainder to Boys & Girls Clubs of North Alabama, presently located at P.O. Box 73, Huntsville, AL 35804.
Life Insurance
Do you have a life insurance policy that you no longer need now that your children are grown and financially independent? Life insurance is a simple and cost-effective way to make a significant planned gift while ensuring a lasting impact on future generations.
You can support Boys & Girls Clubs of North Alabama by naming the organization as a partial, contingent, or full beneficiary of your policy. You may also choose to transfer ownership of an existing policy, potentially unlocking immediate tax benefits while providing long-term support for youth programs.
Retirement Assets
One of the most tax-efficient ways to support Boys & Girls Clubs of North Alabama is by designating the organization as a beneficiary of your qualified retirement plan, such as an IRA, 401(k), or 403(b). Retirement accounts left to heirs other than a spouse may be subject to significant taxes, but when left to a nonprofit like Boys & Girls Clubs of North Alabama, the full amount can be used to support youth programs without tax penalties.
Ways to Give Through Retirement Assets:
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Beneficiary Designation: Simply name Boys & Girls Clubs of North Alabama as a full, partial, or contingent beneficiary of your retirement plan by updating your account’s beneficiary designation form. This ensures that your gift directly benefits the organization while bypassing potential estate and income taxes for non-spousal heirs.
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IRA Charitable Rollover (Qualified Charitable Distribution - QCD):
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If you are 70 ½ or older, you can transfer up to $108,000 per year directly from your IRA to Boys & Girls Clubs of North Alabama without incurring income taxes.
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If you are 73 or older, this distribution can count toward your Required Minimum Distribution (RMD) while reducing your taxable income.
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How to Make a Retirement Asset Gift:
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Contact your plan administrator to obtain a beneficiary designation form.
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List "Boys & Girls Clubs of North Alabama" as the beneficiary (full, partial, or contingent).
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Specify the organization’s mailing address:
P.O. Box 73, Huntsville, AL 35804 / Tax ID: 63-0360026 -
If making an IRA Charitable Rollover gift, instruct your plan provider to send the funds directly to Boys & Girls Clubs of North Alabama to ensure tax-free benefits.
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Notify us of your gift so we can express our appreciation and ensure your wishes are honored.
By leaving Boys & Girls Clubs of North Alabama as a beneficiary of your retirement assets, you can maximize the impact of your legacy while minimizing tax burdens for your loved ones.
Real Estate Assets
Donating real estate is a powerful way to support Boys & Girls Clubs of North Alabama while receiving valuable tax benefits. If you own property that you no longer need or want to manage—such as a vacation home, farm, rental property, or undeveloped land—you can donate it during your lifetime or as part of your estate plan.
Benefits of Donating Real Estate:
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Tax Deduction: You may receive a charitable deduction equal to the fair market value of the property at the time of donation.
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Avoid Capital Gains Tax: If you were to sell the property, capital gains tax could significantly reduce your proceeds. By donating the property instead, you avoid this tax while maximizing the impact of your gift.
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Reduce Burdens: Eliminate the responsibility of maintaining, managing, or selling unwanted real estate while creating a lasting legacy.
Ways to Give Real Estate:
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Outright Gift: Transfer full ownership of the property to Boys & Girls Clubs of North Alabama during your lifetime to receive immediate tax benefits.
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Retained Life Estate: Donate your home but continue living in it for your lifetime. You receive a tax deduction today while ensuring the property benefits the Club in the future.
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Bequest in Your Will: Leave real estate to Boys & Girls Clubs of North Alabama in your estate plan to support future generations.
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Bargain Sale: Sell the property to Boys & Girls Clubs of North Alabama at a reduced price, providing financial benefits to both you and the organization.
Property Evaluation & Acceptance
Before accepting a real estate gift, Boys & Girls Clubs of North Alabama will assess the property for compliance with our acceptance policies to ensure it aligns with our planned giving program.
How to Get Started:
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Consult your financial advisor to determine the best way to structure your gift.
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Contact Boys & Girls Clubs of North Alabama to discuss your property and potential donation.
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Specify the organization’s mailing address:
P.O. Box 73, Huntsville, AL 35804 / Tax ID: 63-0360026 -
Complete the necessary paperwork to facilitate the transfer.
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Receive potential tax benefits while making a meaningful contribution to local youth programs.
By donating real estate, you can transform property into purpose, ensuring that young people in North Alabama have access to life-changing opportunities for years to come.
Securities
Donating appreciated securities—such as stocks, bonds, or mutual funds—is a tax-efficient way to invest in the future of North Alabama’s youth while maximizing the value of your gift. By transferring securities directly to Boys & Girls Clubs of North Alabama, you can support life-changing programs without incurring capital gains tax that would apply if you sold the assets yourself.
Benefits of Donating Securities:
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Tax Deduction: You may receive a charitable deduction equal to the full fair market value of the donated securities if they have been held for more than one year.
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Avoid Capital Gains Tax: When you donate appreciated securities instead of selling them, you bypass capital gains tax, allowing your gift to have a greater impact.
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Reduce Portfolio Risk & Rebalance Investments: Donating securities can help you diversify your investment portfolio while supporting a meaningful cause.
How to Donate Securities:
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Instruct your broker to transfer the securities directly to Boys & Girls Clubs of North Alabama to ensure full tax benefits.
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Notify us so we can provide necessary transfer details and acknowledge your gift properly.
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Specify the organization’s mailing address:
P.O. Box 73, Huntsville, AL 35804 / Tax ID: 63-0360026 -
Receive potential tax benefits and know your investment is making a difference in the lives of young people.
By donating securities, you can turn investment gains into real opportunities for North Alabama’s youth, providing them with mentorship, education, and a brighter future.
Gifts that Pay Income
What if you could support Boys & Girls Clubs of North Alabama while also making your own retirement more financially secure? With a planned gift that provides lifetime income, you can receive fixed payments, reduce your tax burden, and make a lasting difference for young people in your community. While it might sound complex, it’s actually quite simple.
Gift Annuities
A charitable gift annuity allows you to transfer cash or appreciated assets to Boys & Girls Clubs of North Alabama and receive fixed income payments for life. In return, you:
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Receive an immediate charitable tax deduction.
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Avoid capital gains tax on the sale of appreciated property.
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Gain the security of a steady stream of income for life.
A gift annuity is available through Boys & Girls Clubs of America and requires a minimum gift of $10,000. You must be at least 60 years old to participate.
Charitable Remainder Trusts (CRT)
A charitable remainder trust is an irrevocable trust that allows you to:
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Transfer appreciated property into the trust.
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Receive regular payments from the trust for life (or a set number of years).
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Avoid immediate capital gains taxes on long-term appreciated assets.
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Claim an immediate charitable deduction for the present value of the remainder interest.
After your lifetime, the remaining trust assets will support Boys & Girls Clubs of North Alabama, ensuring a legacy of impact.
Charitable Lead Trusts (CLT)
A charitable lead trust allows you to:
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Transfer assets to an irrevocable charitable trust that benefits Boys & Girls Clubs of North Alabama (Tax ID: 63-0360026) for a designated period.
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Provide annual contributions to the Club during the trust’s term.
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Pass the remaining assets to family members or other beneficiaries at the end of the trust term, often with reduced estate and gift taxes.
With careful planning, a charitable lead trust can be a powerful way to support your heirs while making a significant charitable impact.
Additional Resources
For more details on these planned giving options, Boys & Girls Clubs of North Alabama is pleased to offer additional resources, including videos and gift calculators through Boys & Girls Clubs of America.
Important Note: The information on this website is not intended as legal or tax advice. Please consult your attorney or tax advisor to determine what is best for your specific financial situation. The examples provided are for illustrative purposes only and are subject to change.
Donor Advised Funds
Support Boys & Girls Clubs of North Alabama by recommending a grant from your Donor Advised Fund (DAF)! While Boys & Girls Clubs of North Alabama does not sponsor a DAF, we are a qualified nonprofit eligible to receive grants from your DAF provider.
How to Give Through a Donor Advised Fund:
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Contact your DAF provider and request a grant to Boys & Girls Clubs of North Alabama.
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Provide the organization’s mailing address for the grant:
P.O. Box 73, Huntsville, AL 35804 / Tax ID: 63-0360026 -
Designate the purpose of your gift—whether for a specific Club program, general operations, or greatest need.
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Notify us of your grant recommendation so we can properly acknowledge your generosity.
By recommending a grant from your DAF, you can maximize your charitable impact while supporting youth development programs across North Alabama.
Why Boys & Girls Clubs?
1. Directly Transforms Young Lives
Unlike many legacy gifts that contribute to broad institutional endowments, a gift to the Boys & Girls Clubs directly impacts the lives of local children and teens. Your contribution ensures that kids in North Alabama receive the mentorship, education, and resources they need to succeed—right where you live.
2. Breaks Cycles and Builds Futures
A legacy gift to the Boys & Girls Clubs isn’t just about providing resources—it’s about breaking generational cycles of poverty, under-education, and limited opportunity. Your gift helps create a future where young people have the support and skills to become leaders, professionals, and role models in their own communities.
3. Leaves a Living Legacy
While some legacy gifts fund buildings or projects, a gift to Boys & Girls Clubs of North Alabama invests in people—the next generation of changemakers. The kids who benefit from your generosity will carry the impact forward, influencing countless others through their own success.
4. Provides Lasting, Measurable Impact
Your gift supports proven programs that lead to real results, from increased graduation rates to higher college attendance and workforce readiness. Every dollar translates into tangible change, ensuring your legacy is one of measurable success.
5. Aligns with Your Values & Community
Many legacy gifts support large institutions or national causes, but a gift to Boys & Girls Clubs stays local, strengthening your community. It’s an opportunity to leave a personal mark on the future of North Alabama by investing in the next generation of leaders, innovators, and community builders.
6. Flexible & Beneficial for You
There are multiple ways to structure your planned gift, from bequests to charitable trusts, allowing you to create a legacy that aligns with your financial goals while also maximizing tax benefits.
7. Your Legacy Lives Through Every Child We Serve
The greatest difference? A legacy gift to Boys & Girls Clubs of North Alabama isn’t just about what you leave behind—it’s about the future you create. Your generosity ensures that for generations to come, kids will find a place where they are supported, believed in, and empowered to succeed.
Even if you can't give now, please think of us in the future. Please share our mission to inspire and enable young people with others using the social links below and explore other ways you can help here.