By making a planned gift to Sojourners, you are supporting the emergence of a new generation committed to putting their faith into action for justice whil gaining financial and tax benefits for you and your family. The Legacy Circle recognizes those who remember Sojourners in their estate plans with the following benefits:
- A complimentary subscription to Sojourners magazine print, Web, and digital editions.
- Invitations to Legacy Circle gatherings.
- Recognition on a display in the Sojourners office.
- Sojourners' annual report and our semi-annual newsletter, Legacy.
- Deeper relationship with Sojourners staff members.
To learn more about the Legacy Circle, please direct your confidential comments and questions to Feriel Ricks at firstname.lastname@example.org or by phone at 202-745-4645.
A few of the most common ways to join the Legacy Circle:
Wills and Bequests
Click here to view suggested language for an unrestricted bequest to Sojourners (PDF). Have you made a bequest for the future of Sojourners' mission? If so, please let us know your plans so we can thank you and welcome you to our Legacy Circle!
Giving a gift of insurance policy is a way to donate a large sum at a relatively low cost. You can donate an existing policy that is no longer needed for your family’s financial security or purchase a new policy, naming Sojourners as owner and/or beneficiary. Your estate will receive an estate tax deduction for the insurance proceeds distributed to Sojourners. To include Sojourners as a beneficiary of your insurance policy, simply complete a “Change of Beneficiary” form with your policy provider. Please consult with your tax advisor regarding the potential tax benefits of a legacy gift from your insurance policy.
Naming Sojourners as the beneficiary of your 401(k), 403(b), IRA, or other retirement plan is a powerful way to provide for the movement and can offer significant tax benefits: while your heirs would face both estate taxes and income taxes, often leaving them only a fraction of the original amount, the money would pass completely untaxed to a nonprofit like Sojourners. To include Sojourners as a beneficiary of your retirement plan, simply complete a “Change of Beneficiary” form with your plan administrator. Please consult with your tax advisor regarding the potential tax benefits of a legacy gift from your retirement plan.
A donation of appreciated stock, mutual funds, bonds, or other appreciated assets is an effective way to maximize your charitable gift while minimizing the tax burden on your estate and eliminating capital gains tax. You can deduct the full fair market value of your appreciated securities (if owned more than one year) and you save again by avoiding all capital gains taxes. For more information, download this PDF.
Charitable Remainder Trusts
A charitable remainder trust can provide life income for you (and your spouse) and distribute the remainder to a charity, such as Sojourners. A charitable remainder trust is similar to a gift annuity, but more complex and typically funded by appreciated assets. The most common charitable remainder trusts are the charitable remainder unitrust and the charitable remainder annuity trust. Please contact us to discuss charitable remainder trusts or request more information.
A charitable gift annuity is a gift that will provide you and/or your spouse with guaranteed fixed income for life and then later support the mission of Sojourners. Charitable gift annuities provide an immediate income tax deduction for a sizable portion of the gift. In addition, a large percentage of the fixed payments are tax-free in most cases. Charitable gift annuities to Sojourners are normally funded with cash or appreciated assets valued at $10,000 or more. If desired, the fixed payments of a charitable gift annuity can also be deferred. Charitable gift annuity rates are determined annually by the American Council on Gift Annuities. Rates depend on your age and/or your spouses’ age at the time when you make the gift; rates increase when you choose to defer your payment for one year or more. Visit http://www.pgdc.com/calculation-center to find current annuity rates based on your age or ages and the size of your gift.