Legacy Giving

Remembering PCOA in your will or trust is easy to do. Simply provide a percentage, a specific dollar amount or other property. You may also designate PCOA to receive a specified percentage of your estate assets.

The following is some sample language that you may use to remember PCOA in your will or trust:

I give and bequeath to Pima Council on Aging 8467 E. Broadway Blvd., Tucson, AZ 85710 the sum of $________ (or specific asset or _____ percent of the remainder of my estate) to be used for its general charitable purposes.

To find out more or notify Pima Council on Aging about your bequest call us at (520) 790-7573 x 5042.

Did you know that you can support PCOA’s mission by donating appreciated assets like stocks, real estate and other property? Why donate appreciated assets? By donating an appreciated asset to PCOA, you may benefit from an income tax charitable deduction at the current market value and not pay capital gains tax on the asset’s. All donations of real property are approved by the Executive Committee of the PCOA Board of Directors. Here’s an example: Anne has stock valued at $50,000. When she bought the stock, it cost her $5,000. If Anne was to sell the stock, she would have to report $45,000 in capital gains tax. At the current tax rate Anne would have to pay $6,750 in capital gains tax. However, if Anne gave the stock to PCOA she would get a charitable income tax deduction of the full $50,000 and would not have to report capital gains. To Donate Stock, please deliver stock by DTC: DTC # 0235 RBC Brokerage Account # 320-55657 Account Name:  Pima Council on Aging Donations of real property need to be reviewed and approved by the Executive Committee of the board.

Did you know that you can support PCOA’s important life-changing mission by naming PCOA as the partial or sole beneficiary of your IRA, 401(K), 403(B) or other retirement assets? Why use retirement assets to make a gift? Since retirement plan assets may be subject to both income and estate taxes if left to heirs, estate planners often recommend that you designate all or a portion of the assets to a charitable organization such as PCOA. By leaving such assets to PCOA, you can pass other assets to your heirs which may lower the tax burden. How can I name Pima Council on Aging? You should request a “change of beneficiary” form from your retirement plan administrator. On this form you can name PCOA as sole or partial beneficiary, or you can name us as a contingent beneficiary in case you are predeceased by your immediate beneficiary. On the form list us as: Pima Council on Aging 8467 E. Broadway Blvd. Tucson, AZ 85710 Tax ID # 86-0251768

Did you know that you can support PCOA’s tradition of promoting dignity and respect for aging and to advocate for independence in the lives of Pima County older adults and their families by naming PCOA as the partial or sole beneficiary of your life insurance policy? Why life insurance? By leaving the proceeds of an insurance policy to PCOA, this gift will not be subject to estate taxes upon your death. Also, if you transfer ownership of the policy to PCOA during your lifetime, you may qualify for an income tax charitable deduction and you may deduct the cost of future premium payments. How can I name Pima Council on Aging? If the policy already exists, you should request a “change of beneficiary” form from the insurance company. You can name PCOA as sole or partial beneficiary or you can name us as a contingent beneficiary in case you are predeceased by your primary beneficiary. On the form list us as: Pima Council on Aging 8467 E. Broadway Blvd. Tucson, AZ 85710 Tax ID # 86-0251768

A Charitable Lead Trust is a gift option that provides a stream of income to PCOA for the term of the trust. At the end of the term the remainder value is usually paid to the donor’s heirs at appreciated values with favorable tax implications. How it works You transfer cash, securities or other property to a trust. You receive a gift tax deduction. During its term, the trust pays a fixed amount each year to PCOA. When the trust ends, its remaining principal passes to your family or other heirs you name. Trust growth passes to them tax-free. These trusts are quite complex and require the advice of your tax and estate planning advisors. PCOA is willing to help guide the process as you plan. Please call us at (520) 790-7573 x 5042.

The PCOA Legacy Society was founded to recognize and honor those individuals who have taken the important step of including a legacy gift to PCOA in their financial portfolios or estate plans. Members of The Legacy Society have recognized the importance of the continuation of our work with older people and who and have expressed a commitment to that end by planning a gift which will help provide for the future success of our organization.

Legacy gifts make up a large portion of the donations received by PCOA each year, for which we are most grateful. Gifts of this nature secure the future of our mission, providing ongoing services to older people in Pima County.

It is very possible that you are eligible for membership in The Legacy Society but haven’t let us know. If you have created a bequest in your will or trust or named Pima Council on Aging as beneficiary of a charitable trust, a retirement plan, or a life insurance policy, you are eligible to become a member of The Legacy Society!

Please contact us at (520) 790-7573 x 5042 to become a member of The Legacy Society.