Recently, we received a phone call that left us with goosebumps. The son of one of our donors reached out to share some unexpected news: his father, who had passed away the previous year, left a generous gift to Broadmead Care in his Will.
The son described his father as a forward-thinking accountant who understood the financial landscape well. While revising his Will, the donor meticulously calculated the value of his estate and the potential taxes that could be owed to the government. He realized that by donating a portion of his estate to charity, he could significantly reduce, if not eliminate, the tax burden.
Through careful planning, the donor turned what could have been a tax payment into a powerful legacy of giving. In total, he contributed $250,000 to various charities, including a remarkable $40,000 to Broadmead Care.
This conversation warmed our hearts. It also sparked important reflections on the impact of charitable giving. Here’s a thought-provoking question for you: What could your estate look like if you strategically donated to charities, potentially avoiding taxes altogether?
This gift is a powerful reminder of how planned giving can transform lives and create lasting change, all while benefiting both donor and community. We are deeply grateful for this thoughtful gift and hope it inspires others to consider the legacy they want to leave.
