Planned Giving

 

Planned gifts have an enormous and lasting impact on the Johnny Damon Foundation. Planned gifts also form part of an overall financial plan that can provide you with significant benefits. For example, planned gifts can help you maintain control of your assets during your lifetime, take advantage of a number of tax benefits, leave a legacy at the Johnny Damon Foundation and possibly even provide income to yourself or others during your or their lifetime. Unlike gifts of cash, planned gifts typically come from assets in your estate, rather than disposable income.

Common planned giving mechanisms:

  • Bequests

    With the help of an advisor, include language in your will or trust specifying a gift

  • IRA Charitable Rollover

    If you are 70 1/2 years old, you can give up to $100,000 from your IRA directly without having to pay income taxes on the money.

  • Retirement Assests

    Make a gift of your unused retirement assets by listing Athletes and Cause Foundation to benefit HelpCureHD as a beneficiary.

  • Insurance

    Make a gift of your unused retirement assets by listing Athletes and Causes to benefit the Johnny Damon Foundation as a beneficiary Insurance – if you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy.