What Is Planned Giving?

Did you know that a charitable contribution to JACL now can result in guaranteed lifetime income for you and your beneficiaries that is partially income tax free? This is a unique method of charitable support called planned giving. At the heart of planned giving is the Internal Revenue Code, which encourages gifts to JACL by providing for significant tax deductions and savings. This is the United States Government’s way of rewarding you for your generosity and commitment to improving society.

Through planned giving you could:

• Minimize taxes from IRA or other pension plans if subject to estate and income taxes.

• Exchange highly appreciated assets for a lifetime income stream, plus a tax deduction, by creating a charitable trust.

Charitable trusts are trusts established when a donor’s assets are transferred to a trustee for the benefit of JACL. The donor would receive income for as long as he/she lives, or for a fixed term. The donor is eligible for substantial tax benefits and does not pay capital gains tax on any appreciation. At the donor’s death, any remaining trust is transferred to JACL.

Learn More

Planned Giving Committee Chairman Steve Okamoto will work closely with you, your family members, and your financial advisers to help you determine how you can benefit from our charitable tax-exempt status and ensure the continued legacy of the JACL at the same time. For more information, please contact Steve at steveokamoto1@gmail.com.