When combining your charitable contributions with tax and other financial strategies, you play a crucial role in sustaining the services and programs provided to older adults today, and in the future.
By the year 2030, one in every five Dallasites will be 65 or older. Baby boomers will be 84, an age with a myriad of health and human service needs.
With a planned gift, you can ensure that The Senior Source will have the financial resources to continue to improve the lives of older adults in the Dallas community. These gifts are typically made from assets in your estate, rather than current income, and come to realization in the future.
Life’s journey allows many of us to discover the joys of growing older. For others, the journey takes unexpected turns, presenting new challenges with each mile. Your gift to The Senior Source will allow you to share part of your journey to help others left behind.
If you are 70 1/2 years of age or older, you can take advantage of a simple way to benefit The Senior Source. Commonly referred to as “Charitable IRA Rollover“, you can make any gift up to $100,000 from your IRA directly, without having to report as a taxable income.
For more information about Planned Giving opportunities, including becoming a Generations Society member, contact Stephanie Russell at 214-823-5700 ext. 6120 or by email.
Real People Making a Real Difference
Planning for the Future– “My amazing Mother. The main reason I moved in to working in the field of aging was because of my experiences with my Mother. I was an only child and my Mother was an older Mother and a very astute person when it came to finances and health care. Early on she made plans for her cremation policy and signed up for long term care insurance. She also did her will in the form of a living trust where the transition of her assets would be smooth and not require probate when she died. I always, as a younger person, thought she was being morbid, but as I grew older and saw what happens when people do not make plans I came to greatly appreciate that my Mother faced the fact that we are all going to die and that it was important to plan to make that time of life ‘easier’ for those left behind. One of my favorite things to do when I was working at The Senior Source was to weave my Mother’s story into presentations that I gave in the community about having “the conversation” and end of life planning. And my husband and I both signed up for long term care insurance after seeing how Mother’s policy worked to protect her assets and allow her to be in assisted living at no additional cost to her”. – Linda Ross & Floyd Hall
A Legacy of Caring– “My mom, Patsy Dwight, was the primary caregiver for my grandmother, Ruth Braddock, over the last few years. Both have had a profound impact on my life and are both amazing women. Seeing the time, effort, stress, struggles, and happy times too that go into caring for a parent (or any loved one)has opened my eyes in a personal way to the immense need for the many programs at The Senior Source. I am supporting these vitally important programs through my life insurance, as part of my estate plan, for this, and future generations”. – Tim
Sharing Our Blessing with Others– “It is indeed a blessing to support the vision of The Senior Source through our estate plan. From the senior programs such as Elder Financial Services, Volunteer opportunities, Senior Companions and so many others, The Senior Source addresses the wide range of needs and issues of seniors in the area. As we considered the impact that our personal values would have as an ongoing legacy, The Senior Source was a perfect fit for us”. – Susan
The idea of planned giving may seem a bit overwhelming, however, there are many simple ways to leave your legacy.
Wills and living trusts
Charitable gift annuities
Charitable remainder trusts
IRA charitable rollover
Gifts of stock
Life insurance policies
Savings and CDs
Tangible personal property (ex. real estate, cars, boats)