Continue Your Legacy through a Planned Gift
At Bright Hope, we believe in creating sustainable change in communities stuck in extreme poverty by equipping poor families to increase their incomes permanently. Our Allies play a vital role in this mission. You can further this mission in a meaningful way by making a planned gift. Whether through a bequest in a will, retirement assets, or other planned giving vehicles, a planned gift allows you to significantly impact those in dire need, leaving a legacy even beyond your lifetime.
Types of Planned Gifts
There are several types of planned gifts you can consider:
This is a gift made through your will or trust. You can designate a specific amount, a percentage, or the remainder of your estate to Bright Hope.
Life Insurance Policies
You can name Bright Hope as a beneficiary of your life insurance policy. This means that upon your passing, the proceeds from your policy will go directly to Bright Hope.
You can leave part or all of your retirement assets, such as an IRA or 401(k), to Bright Hope. This can be a tax-efficient way to give.
Gifts of Stocks or Securities
Donating stocks, bonds, or mutual funds to Bright Hope can offer tax benefits, potentially avoiding capital gains taxes and allowing a charitable deduction for the total market value.
Transferring IRA disbursements
You can share your IRA distribution to Bright Hope and receive tax benefits. If you are over the age of 70 ½ years, you can transfer up to $100,000 per year to a charity such as Bright Hope. You will not be taxed on the amount transferred, and it will count toward your mandatory distribution. By sharing all or part of your required distribution, you will receive the equivalent of a charitable deduction even if you do not itemize.
Planned gifts provide a meaningful way to bring hope to people living in dire poverty for years to come. We encourage you to consult with your financial advisor for guidance.
I have remembered Bright Hope in my will and am very excited that my help of the poor will continue and people will trust Christ as Savior long after I am in heaven.
Anonymous Bright Hope Ally
The Impact of Your Planned Gift
Your planned gift can have a lasting impact on people living in extreme poverty. It can provide them with hope for today through access to food, shelter, and clean water, hope for tomorrow through education, agricultural training, and micro-loans, and hope for eternity through church leadership development and discipleship support.
By including Bright Hope in your estate plans, you’re not just donating; but leaving a legacy of hope and transformation for future generations. Thank you for considering a planned gift to support our mission at Bright Hope to break the cycle of poverty.