Lasting Legacy

Leave a legacy through a bequest

Leave a legacy simply by making a gift to Progress through your will. You may either designate a specific dollar amount to benefit Progress, or specify a percentage of your estate after other disbursements. A bequest can reduce the amount of your taxable estate which may increase the actual amount available to loved ones. Your bequest can be directed to benefit a specific program or be undesignated.

Designate Progress with a Life Insurance policy By designating Progress as the beneficiary of a life insurance policy, you may provide a substantial gift to the organization while receiving an income tax deduction. This may be a simple way to leave a.

Generate income from your gifts

An individual can make a charitable gift that generates income for the donor's lifetime or a specified period of time. Gift options include Charitable Gift Annuities, Charitable Remainder Trusts and Pooled Income Funds.

Charitable Gift Annuities

A charitable gift annuity offers you a way to support Progress, while benefiting you by providing:

Lifetime payments that may be partially tax free or taxed at lower rates than other income.
Tax savings.

The gift annuity meets the needs of many who wish to give but want to make certain they have first provided for their current financial needs.

Charitable Remainder Trusts

With a charitable remainder trust, your gift is used to create a trust from which you receive regular payments. The payments can be made for your lifetime, for a fixed number of years, or a combination. At the end of the trust, the remainder benefits Progress. You receive a charitable deduction for a portion of the gift. You may even avoid capital gains taxes, lower your income taxes and earn higher returns with this gift. The many benefits include:

A reliable income that is not subject to market fluctuations.
An income tax deduction.
An opportunity to reduce estate taxes.

Pooled Income Funds

A pooled income fund is a simple way to make a significant gift to Progress. The fund combines your gift with the gifts of others who are also committed to our organization, and are invested jointly. Each contributor, or "investor," receives a share of the income based upon the fund's performance. The many benefits include:

Current income tax charitable deduction.
Income based on the performance of the fund.

The income generating gifts described all allow you, the donor, to have the satisfaction of seeing the impact your gift has on Progress. These gifts also enable you to provide income for yourself, and take advantage of the many tax benefits.