Planned and Estate Giving
Make Des Moines Pride Center part of your legacy!
The Des Moines Pride Center is on a mission to preserve, gather, and collect LGBTQ+ history and literature. Including a gift within your estate plan can be an effective way to ensure that the Pride Center is able to continue the work of preserving LGBTQ+ history for years to come. Here are a few options to consider in adding the Des Moines Pride Center to your estate plan.
Please consult with your attorney to select which option may be most appropriate for your intentions.
01
Make a gift that costs you nothing now by leaving a gift to the Des Moines Pride Center through your will or trust.
You can take care of family and friends first and then donate a specific dollar amount or a percentage of your estate to the Pride Center. Our official name is Des Moines Pride Center.
02
Donate retirement assets.
An alternative to a bequest gift is to designate to the Pride Center as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is complete and file a new beneficiary designation form with your plan administrator. There is no need to modify your will or living trust.
A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals, will be subject to income tax when those individuals receive distributions and, in the case of most non-spouses, those distributions must take place within 10 years, potentially pushing designated beneficiaries into higher tax brackets. With a gift to a non-profit such as the Des Moines Pride Center, 100 percent of the funds are available for its purposes. If you want to remember the Pride Center in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to the Des Moines Pride Center.
03
Make the Des Moines Pride Center the beneficiary of your life insurance policy.
Life insurance policies can also be used to make a gift to the Des Moines Pride Center. Complete and return to the insurance company a form designating that the Pride Center receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming the Des Moines Pride Center as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.
04
Make the Des Moines Pride Center the beneficiary of your donor-advised fund.
You can name the Des Moines Pride Center as the beneficiary of the amount remaining in your donor-advised fund at the time of your death. As with life insurance policies and retirement plans, this can be done by simply updating your beneficiary form for the fund.
Thank you for making a gift to the Des Moines Pride Center a part of your estate plan.
