Sojourners’ Legacy Circle
You have walked with Sojourners as an advocate, a reader and a donor for many years. Now, you can help strengthen Sojourners for the long run by including Sojourners in your will or in your estate plans. Contributions and bequests are vital to supporting the mission of Sojourners to articulate the biblical call to social justice through Sojourners magazine, website, public events, advocacy and trainings. By joining the Legacy Circle, you ensure your legacy will live on to support the emergence of a new generation committed to putting their faith in action for social justice: the future of Sojourners.
The Sojourners Legacy Circle will acknowledge and honor individuals who remember Sojourners in their estate plans. Members of the Legacy Circle receive these benefits:
o A complimentary subscription to Sojourners magazine
o Invitations to Legacy Circle gatherings
o Recognition on a display in Sojourners’ office
o Sojourners' annual report and our semi-annual newsletter, Legacy
o Deeper relationship with Sojourners’ staff
How to Join the Legacy Circle
Joining the Legacy Circle is as straightforward as including Sojourners in your will or estate plans, then informing us that you’ve done so. We welcome gifts large and small, and in a variety of forms. We hope that you will be in touch with us to let us know about your planned gift, or to discuss planned gift options. Please direct your confidential notifications or questions to George Lee by email at email@example.com or by phone at 800-714-7474, ext. 645.
A few of the most common planned giving options
A bequest is the most common type of planned gift in America today. It is the most common and straightforward planned gift but it requires special language that must be included in a properly executed will or trust devised by an attorney. 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!
A Charitable Gift Annuity
A charitable gift annuity is the second most common planned gift. It 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.
A Gift of Life Insurance Policy
A simple way to help Sojourners articulate the biblical call to social justice is by naming Sojourners a beneficiary of a life insurance policy. 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. By naming Sojourners the beneficiary of an individual or group term life insurance policy, 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.
A Gift from Your Retirement Plan
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 of faith in action for social justice. It can also offer significant tax benefits, particularly on retirement plans: 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 Gift of Appreciated Securities
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, visit sojo.net/givesecurities or 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.
For more information, please contact George Lee by email at firstname.lastname@example.org or by phone at 800-714-7474, ext. 645.