Helpline: (813) 222-5683 | adoyle@loveinctampa.org
Why Should I Consider A Planned Gift?
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If Love Inc Is Your Passion, Why Not Make It Your Legacy?

Love INC, along with guests we are privileged to serve, truly appreciate your past support.  Our ability to mobilize local churches to help transform lives In the Name of Christ is a powerful calling we all embrace. Please consider making a planned gift that will further assist us in expanding our mission of love and mutual accountability; to pass on our legacy of transforming lives and communities.

James G. Souza III

“I am updating my estate planning, including making provision in my will for Love INC of Metro Tampa. I invite you to join our Love INC of Metro Tampa Legacy Society.”

www.loveinctampa.org

– James G. Souza III, P.A. Tampa Attorney at Law / Love INC volunteer and vision carrier

Jim’s April 2020 visioning for Love INC’s future was the catalyst to form Love INC’s Legacy Society, joining Michael and me as founding members to enhance building His kingdom.

“When we move beyond transactions and teach people to live generously, this revolutionizes the entire experience. Living generously is transformational. They discover a better way of life, connected to God’s heart and His causes; they experience joy.”

– Bill High, CEO The Signatry – https://thesignatry.com/

Please consider making a legacy gift to further assist us in expanding our mission of love and mutual accountability; to pass on our legacy of transforming lives and communities.

Planned giving can secure your future and solidify your legacy. By designating Love INC of Metro Tampa Inc. (Love INC) as your planned gift recipient, you can:

  • Lower your adjusted gross income
  • Reduce your capital gains tax
  • Satisfy requirements for required minimum distributions from an IRA
  • Deduct the charitable gift’s full value from your estate tax
  • Live at ease knowing your passion for Love INC’s mission will endure

How It Works

Life Insurance – You can purchase a new life insurance policy and name Love INC of Metro Tampa Inc. as owner and beneficiary. This makes the annual premiums associated with that policy tax deductible. The same tax benefits are achieved by transferring ownership of your existing life insurance policy to Love INC.

Bequests – To make a charitable bequest, you need a current will or revocable living trust. Your gift can simply be a percentage of your estate or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, Love INC receives your gift. Because Love INC is a tax exempt organization, 100% of your donation goes towards fulfilling the mission.

Sample charitable bequest language for Love INC is:

“I give ________ (residue, percentage, or specific amount) to Love INC of Metro Tampa Inc., having its principal offices at 1001 N. Florida Ave. Tampa, FL 33602, for its general purposes to mobilize churches to transform lives and communities In the Name of Christ.

Retirement Plans – If you are 72 years (2020 change) or older, the IRS requires you to start making minimum distributions (RMD) from your IRA. You can donate up to $100,000 annually, from funds drawn on your IRA to a qualified 501(c)(3) charity (QCD) without that money being added to your adjusted gross income at tax time. However, the IRS requires that the funds be drawn from your IRA custodian and paid directly to the charity you select, in our case Love INC of Metro Tampa.  You cannot receive your RMD and then write a check to Love INC for it to be considered as a Qualified Charitable Distribution.

Love INC of Metro Tampa’s tax ID number is 81-2456286. Be sure to consult your plan administrator, financial planner, tax advisor and/or estate-planning attorney about your situation for specific instructions. They are your best source of information and can help explain the tax consequences of your decisions.

Questions about Love INC? Please call me. Ann M. Doyle E. D. / 813 541 7366 / adoyle@Loveinctampa.org

Kingdom building generosity is more than a check;
it sets the stage to pass on legacy and change lives.