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Legacy Donations

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Easy Ways You Can Make A Lasting Impact

Extend your support for RSS and make a lasting impact on families. Whether you would like to put your donation to work today or benefit families after your lifetime, we can come up with a plan that lets you provide for your family while helping older adults and their families through our charitable bequest program.

Community members that partner with RSS ensure that seniors are able to live independent, engaged and gratified lives. Our RSS community also supports the entire family including caregivers through our many programs and services.

Gifts by Bequest

  • Residual Bequest

    A percentage of the remainder of your estate after other specific legacies have been fulfilled.

  • Specific Bequest

    A specific dollar amount or stated fraction of your estate or a specified gift in kind (such as collections, art, jewelry, etc.)

  • Contingent Bequest

    A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.

Gifts by Beneficiary Designation

  • Retirement Funds Gift

    You can choose to name RSS as a beneficiary of a retirement plan to reduce your taxes while you empower older adults in your community.

    Benefits to you include: reduction or elimination of taxes on retirement assets, removal of highly taxable assets from your estate by direct beneficiary designation, reduction or avoidance of probate fees. To name RSS as a beneficiary of your retirement plan, you need to contact your bank or insurance company to see whether a change of beneficiary form must be completed.

  • Life Insurance Policy Gift

    If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while also enjoying tax savings during your lifetime.

    Benefits to you include a charitable income tax deduction for the market value of the policy, receive additional tax benefits by making annual gifts so that RSS can pay the premiums. Some donated policies can be cashed in and put to good use right away. If you retain the policy and name RSS as beneficiary, the proceeds of your policy will be paid to RSS, and your estate will receive the tax deduction from the charitable gift receipt.

  • Savings Bonds

    If you have bonds that have stopped earning interest and that you plan to redeem, you will owe income tax on the appreciation. Since RSS is a tax-exempt institution, naming us as a beneficiary ensures that 100% of your gift will go towards older adults and their families in your community.

  • CD's, Bank Accounts and Brokerage Accounts

    Naming RSS as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to help empower seniors in your community.

  • Donor-Advised Fund Residuals

    Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. We hope you will consider naming RSS as a "successor" of your account or a portion of your account value.

Consult with your tax advisor and lawyer to determine which planned gift strategy is best for you. This is critical in light of the new tax laws.

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