Planned Giving

Planned giving offers several avenues that benefit not only the goals of Aviv Centers for Living, but also your estate. Specific tax and inheritance savings will vary based on your situation, and we will be happy to help you determine what’s best for you and your family.

The three most common means of planned giving are donations through your Will, through life insurance or by a charitable lead trust.

Giving to Aviv Centers for Living through Your Will

If your Will is already written, your attorney can attach a simple amendment or codicil to provide such a gift. You can bequeath a dollar amount, specific real or personal property, a percentage of your estate, or simply name a residual or final beneficiary to receive your property, if your primary beneficiaries are not there to inherit.

Donations via Life Insurance

Life insurance may also provide a means for donation. One of the simplest ways you can make a gift to the Aviv Foundation is to direct all or some of the proceeds of a policy that is no longer needed for family protection. You may also transfer ownership of an existing policy to the Aviv Foundation. Alternatively, you can take out a new policy, naming the Aviv Foundation as owner and beneficiary or co-beneficiary. If the Aviv Foundation owns the policy, annual premium payments are tax deductible.

Giving Income Temporarily Through a Charitable Lead Trust

If you want to make a meaningful gift over a period of years, yet want your property to pass ultimately to loved ones, you can have a charitable lead trust drawn up.

The charitable lead trust is one of a few ways to eliminate gift and estate taxes that would otherwise be due on assets left to children or grandchildren. Under the terms of a charitable lead trust, assets are transferred to a trust that pays us a fixed annuity or a fixed percentage of the annual value of the trust assets to the Aviv Foundation for a specific number of years, which you determine. At the end of this time, the trust terminates and the assets pass to the person(s) you name.

For More Information

If you would like more information on planned giving to the Aviv Foundation, call Nicole Moffett at 781.973.1591, or email fnd@avivliving.org.