Many of us have taken advantage of retirement accounts in recent years. As we continue to age, these accounts still accumulate in value. Upon death, in most cases, the tax rates are very high for our heirs. A great way to make a significant estate gift and eliminate estate taxes is by designating all or part of an IRA to a charitable institution.
Vern: "I wanted to include the ministries of Hope Haven (HH) in my estate. Since I have accumulated a significant amount in an IRA that I don't believe I will ever need, I decided to designate HH as a direct beneficiary from my IRA. The amount they receive is tax free, and it is a great tool to impact the future needs of their ministry."
A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.