Journeys, Spring 2011

Page 25

B RYANL G H F O U N D AT I O N death are subject to income taxes, which can reduce the amount that normally would be passed to heirs by up to 35 percent. In contrast, as a nonprofit organization, we are taxexempt and eligible to receive the full amount and bypass any federal taxes. Income taxes can be avoided or reduced through a carefully planned charitable gift. Consider these gift options: n n n

Designate the BryanLGH Foundation as the primary beneficiary for a percentage (1 to 100 percent) of your retirement plan assets. Designate a specific amount to be donated to us before the remainder is divided among family beneficiaries. Make us the contingent beneficiary to receive the balance only if your loved one, as primary beneficiary, doesn’t survive you.

Are you 70 1/2 or older? IRA rollover is extended and might be right for you. Thanks to a federal tax law extension recently passed by Congress, if you are 70 ½ years of age or older and have an IRA, you can avoid paying income taxes on the IRA funds you withdraw. The federal charitable IRA rollover provision enables you to give up to $100,000 in 2011 to a charitable organization such as the BryanLGH Foundation without paying federal — and in some cases, state — income taxes on the withdrawal. This even applies to your required minimum IRA distribution, if you direct it to a 501(c)(3) charitable organization such as the BryanLGH Foundation. Learn more about retirement plan gifts and the federal charitable IRA rollover by contacting Cliff Carlson, major and planned giving officer, at (402) 481-3168.

Meet the Foundation staff

Bob Ravenscroft Vice President of Advancement and Chief Development Officer bob.ravenscroft@ bryanlgh.org (402) 481-3001

Cliff Carlson Major and Planned Giving Officer cliff.carlson@ bryanlgh.org (402) 481-3168

Heidi Cuca Major Giving Officer

DeEtta Mayrose Annual Giving Coordinator

heidi.cuca@ bryanlgh.org (402) 481-3139

deetta.mayrose@ bryanlgh.org (402) 481-8287

Kathy Wolf Manager, 55PLUS and Grateful Patient Program kathy.wolf@ bryanlgh.org (402) 481-3155

BryanLGH Journeys 23


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