Retirement Assets, Life Insurance and Real Estate

Retirement Assets

  • Retirement account assets, if left to anyone other than a spouse, may be subject to very high taxation. However, by designating the Achievement Centers for Children as recipient of any benefits remaining in your retirement plan, you may effectively reduce the taxes on those assets.

Life Insurance

  • Billions of dollars of life insurance are in force nationwide, but not all policies continue to serve a useful purpose for their owners.
  • For many individuals, a change in circumstances or the death of a beneficiary leaves them holding life insurance policies that may be a resource for philanthropy.
  • You may wish to make the Achievement Centers for Children the beneficiary of a policy.

Real Estate

  • The gift of your home is a unique and meaningful way to support the Achievement Centers for Children.
  • You can enjoy the satisfaction of making such a gift during your lifetime—without affecting your current lifestyle—by a special arrangement called a retained life estate.
  • Real estate can also be a valuable asset when used to fund either a charitable remainder trust or a charitable lead trust.

Give Your Home, Live in it for Life – The Retained Life Estate
Would you like to make a major gift to the Achievement Centers for Children but feel that you don't have the assets available to make such a gift? Many donors find that their largest asset is their home, but they don't consider using this asset to make a gift, oftentimes because they cannot imagine leaving their home.

These donors should explore the concept known as a retained life estate, which enables donors to make a gift of their home to the Achievement Centers for Children but remain living in the home for the rest of their lives.

For more information, call the Development Office at 216-292-9700 for a confidential, no-obligation discussion of your particular situation.

With gifts involving any of these assets, there are many variables to consider. Please call the Development Office directly to discuss your particular situation.