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Supporting Jackson / Get Involved
Planned Giving
What is Planned Giving?
There are many planned giving strategies available that improve your financial situation and provide tax advantages. Here are some ideas:
- Make a gift that will increase your income
- Make a gift to Jackson and still provide for your children or grandchildren
- Stay in your home but also enjoy a substantial tax deduction for it
- Your financial advisor and/or lawyer can discuss your options with you
- In your journey of life, you can make the ultimate gift to Jackson Recovery Centers, Inc. and help Siouxland families through their journey of recovery
- For more information about Jackson Recovery Centers and our life-saving work, please contact the Development Department at (712) 234-2383 or rbollinger@jacksonrecovery.com
A planned gift is a charitable contribution made after taking into consideration the philanthropic objectives to be achieved as well as the personal and family financial objectives. Through a planned gift, donors can leave a legacy of love and hope that will help provide recovery for Siouxlanders receiving treatment for addiction.
The reason for making a gift to Jackson Recovery Centers may be different for each donor — to honor a loved one, to support a tradition of excellence or to express gratitude for a service well-performed. Whatever the motivation for a gift, a planned gift can give a donor the assurance that they are being a good steward of their assets by increasing the benefits for themselves, family members, and Jackson Recovery.
Why Planned Giving?
Planned giving includes several plans designed to allow you to enjoy the benefits of your gift throughout your life.
By effectively planning your charitable gift to Jackson, you can arrange donations in a manner that
- Meet your personal financial goals
- Maximize tax benefits
- Assist Jackson in advancing our mission
Why Jackson Recovery Centers?
Planned gifts to Jackson Recovery Centers help ensure that for generations to come Siouxlanders will have access to high quality addiction treatment.
Types of Planned Gifts
Gifts of Cash
Your Path to this Gift... You are considering an outright gift made during your lifetime. You want to maximize your charitable deduction and have benefits of your gift available for immediate use.
Benefits to You
- This simple gift maximizes your charitable deduction for the year. You control the timing and amount of donation
- Assets you can use to make the gift
- A gift of cash is fully deductable up to 50% of your adjusted gross income (AGI), with a five-year carryover allowed for any excess deduction
Benefits to Jackson Recovery Centers
- Provides immediate support for the mission of Jackson Recovery Centers
Bequests
Your Path to this Gift...You are considering a gift made after death from your estate. You want to help ensure the future of Jackson Recovery Centers, and estate planning is more important to you than an immediate income tax deduction.
When you make a provision for Jackson Recovery Centers in your will, you are making a bequest. A bequest gift may be included directly in your will or be added by codicil at a later time.
Example bequest language:
- "I give and bequeath to Jackson Recovery Centers, Inc, Sioux City, Iowa, the sum of (xxx) dollars. This gift shall be used to further the mission of Jackson Recovery Centers, Inc in such a manner as the Board of Directors may direct."
Benefits to You
Federal estate tax deduction and a reduction of taxable estate
The bequest can reflect your specific wishes by naming Jackson Recovery Centers as the beneficiary
Benefits to Jackson Recovery Centers
- Provides future funding for Jackson Recovery Centers
Gifts of IRA's/Retirement Assets
Your Path to This Gift... You are considering a gift made after death. You hold a 401 (k), IRA, or other retirement plan. You want to ensure the most efficient distribution of the assets in your estate.
Benefits to You
- By naming Jackson Recovery Centers, Inc as the beneficiary of your retirement account, you can substantially reduce or eliminate income tax and estate tax
- You can contribute your company pension, company profit sharing plan, IRA, or tax-sheltered annuity
Benefits to Jackson Recovery Centers
- Provides future funding for Jackson Recovery Centers
Life Insurance
Your Path to this Gift... You are considering a gift made after your death, and prefer to make a gift from income instead of principal.
Life insurance from a new or existing policy can be used to make a charitable gift by naming Jackson Recovery Centers as the owner and beneficiary of a completed, funded life insurance policy.
Benefits to You
- Federal charitable tax deduction based on policy's surrender value
- Means to make a substantial gift with minimal premium payments
Benefits to Jackson Recovery Centers
- Future funding for Jackson Recovery Centers
Charitable Remainder Trusts
Your path to this gift... You are considering making a lifetime gift with Jackson Recovery Centers. Your planning objective is increased income. Your preference is fixed income payments, and you want to retain some flexibility in the management of your gift.
The Charitable Remainder Annuity Trust is an individually managed trust that combines regular, predictable income with some flexibility in management and investment. The annuity trust pays its beneficiaries – you, your spouse, family members or other individuals – fixed-dollar income or a fixed percentage of the initial value of the assets that funded the trust.
Benefits to You
- A CRT provides fixed or variable income to you and/or a loved one from lifetime or up to 20 years
- You receive a charitable income tax deduction, and avoid capital gains tax when the appreciated asset is sold (but part of income is subject to capital gains tax)
- The value of the trust is not included in your estate
Benefits to Jackson Recovery Centers
- Provides future funding for Jackson Recovery Centers
If you would like more information, or wish to speak to someone about how Jackson Recovery Centers can fit into your planned giving, please contact Robin Bollinger at (712)-234-2383.
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