WAYS TO GIVE LATER

Harmony Foundation accepts donations via many different avenues. If you do not see the information that you need, please cotact the Development Office by emailing [email protected] or call 720-379-6603. The following are ways to give to Harmony Foundation later:

Will & Bequest Gifts

Gifts made through your will or living trusts (bequests and other types of testamentary arrangements) can provide considerable support for Harmony Foundation and help reduce your estate taxes. You can direct that your gift be in the form of cash or specific asset. In addition, you can set a dollar amount or designate a percentage of your estate to the Foundation in your trust or will.

Gifts of Life Insurance

A gift of an old unneeded policy or of a new life insurance policy can help leverage a relatively small outlay on the part of the donor into a very significant gift for Harmony Foundation. Flexibility of arranging the gift can be attractive. For example, you can simply name Harmony Foundation as beneficiary of a policy, which will allow you to maintain ownership. Or you can sign over the policy to Harmony Foundation as owner and beneficiary, thus maximizing your charitable tax benefits.

Life Income Gifts

You may want to make a significant gift to the Foundation, but you feel that you cannot afford to give up current income from your assets. It is possible to make gifts to Harmony Foundation that will allow you and/or another beneficiary to receive income for life. These types of gifts include charitable gift annuities and charitable remainder trusts. You can earn an income tax deduction and reduce estate taxes. When the last beneficiary of a life income gift passes, the remainder then comes to Harmony Foundation.

Gifts of Charitable Lead Trusts

You could consider a Charitable Lead Trust gift to Harmony Foundation. Charitable lead trusts can be an appealing means of transferring assets to your heirs at reduced, or even eliminated, gift or estate tax costs, while providing immediate support to Harmony Foundation. The lead trust pays income to Harmony Foundation for a set period of years, at the end of which the trust's assets revert either to the donor or to your heirs.

Gifts of Real Estate

Gifts of real estate can take various forms, including the outright gift of a home, building, or property; or a retained life estate arrangement in which you make a gift of your residence to Harmony Foundation today but continue to live in it. Such gifts provide a substantial contribution to Harmony Foundation while giving you tax benefits such as savings on capital gains and estate taxes.

Gifts of Retirement Plan Assets

Gifts from your Individual Retirement Account (IRA), 401(k) plan, Keogh plan, or other qualified retirement savings plan, can be highly advantageous both for you and for Harmony Foundation. If you intend to leave these assets to anyone other than your spouse when you pass, they could be the most heavily taxed of all your assets through both income and estate taxes. By naming Harmony Foundation as beneficiary of your retirement plan assets, you can make a contribution and potentially save significant taxes for your heirs.

If you have any questions about ways to give later, please contact the Harmony Foundation at 720-379-6603 or email us at [email protected].