Legacy

Incorporating Lighthouse FRC into your will or living trust presents a meaningful opportunity to uphold your enduring values. This planned contribution entails no immediate cost, yet affords the gratification of supporting Lighthouse FRC in the years to come. Moreover, charitable bequests have the potential to mitigate estate and inheritance taxes.

This method offers a straightforward approach to philanthropy. By designating Lighthouse FRC as a beneficiary on taxable assets such as retirement or bank accounts, you facilitate a seamless gift process. You retain the ability to receive distributions or make withdrawals throughout your lifetime, ensuring flexibility. Should circumstances change or a loved one require financial assistance, you have the freedom to adjust your designation accordingly.

Transferring outright and full ownership of a life insurance policy, whether partially or fully paid, enables you to obtain an immediate tax deduction. Alternatively, another straightforward approach is to designate Lighthouse FRC as either a primary or contingent beneficiary on your new or existing policy.

By designating Lighthouse FRC as a beneficiary of your IRA, 401(k), and/or 403(b), you ensure that each dollar contributes to a charitable cause while being safeguarded from income or estate taxes. Subsequently, collaborating with your advisors allows for the identification of other assets that offer more favorable tax treatment when passed on to your loved ones.

Transfer your appreciated securities to Lighthouse FRC and capitalize on savings from capital gains. If the asset's present value exceeds its purchase price from over a year ago, you can leverage the entire benefit of the stock's current fair market value. Furthermore, by donating appreciated stock rather than selling it, you can sidestep capital gains tax.

By supporting Lighthouse FRC, you can simultaneously strengthen your financial security. You have the option to create fixed payments, with a portion being nontaxable for a specified duration. Additionally, if you itemize deductions on your federal income tax return, you can claim an immediate charitable tax deduction for a portion of your contribution.

Donor-advised funds offer convenience and flexibility, serving as an excellent method to consolidate your charitable contributions and optimize your itemized deductions. Alternatively, you can avoid capital gains by transferring appreciated stock to your fund and subsequently donating it to charity. You retain the ability to suggest a grant from your donor-advised fund to support Lighthouse FRC.

A donation of real estate or other tangible property may encompass personal residences, vacation homes, rental properties, and farmland. Such a contribution allows for the potential of making a significantly larger gift than initially anticipated, while also providing the opportunity to circumvent income and estate taxes. Additionally, it can help to alleviate or entirely eliminate any potential financial burdens on your loved ones.

A contribution of personal property can encompass items like artwork, jewelry, antiques, and various physical objects. By generously donating your personal treasures to the station, you play a vital role in enhancing the value within our community. Additionally, you stand to gain several personal advantages, with a charitable tax deduction being a notable benefit.