Legacy Giving
Planned giving is sometimes referred to as gift planning or legacy giving. It is a way to support non-profits that enable you as a philanthropic donor to make larger gifts than you could make from ordinary income.
Some planned gifts provide life-long income to you. Other gift plans use estate and tax planning to provide for charity and heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.
Whether you use cash, appreciated securities/stock, real estate, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to everyone concerned.
It is important to consult with your own attorney, accountant, and financial advisors to determine if any of the below gift options are appropriate for you. If you are planning to leave Karmê Chöling a lasting gift, please let us know.
Karmê Chöling appreciates your kindness and generosity. Thanks to your support, we continue to introduce meditation to people from all over the world, as well as offer excellent programming and retreats for longtime practitioners, supporters and friends.
Karmê Chöling Shambhala Meditation Center is a Section 501(c)(3) charitable organization Gifts are tax deductible to the full extent allowable under IRS regulations
Ways To Make A Bequest
Make a bequest in your will:
A bequest to Karmê Chöling in your will is the easiest and most common method of making a planned gift; also, as a charitable bequest, it is deductible when calculating any estate taxes. There is no limit to the amount of a charitable deduction.
Make a gift of real estate property:
Subject to meeting the criteria of its gift acceptance policies, Karmê Chöling will accept gifts of tangible personal property when the items are useful to Karmê Chöling in the pursuit of its non-profit mission or easily liquidated. Under the right circumstances, Karmê Chöling may also accept gifts of real estate, including a remainder interest, which allows you and your spouse to continue occupying the real estate for life.
Make a gift of life insurance:
You can contribute a policy which you no longer need or make Karmê Chöling a designated beneficiary for all or a portion of the proceeds, resulting in either an immediate income tax deduction or a reduction of your estate for purposes of estate taxes.
Make a gift of an IRA or retirement plan:
You can name Karme Choling as the beneficiary on a portion or all of your IRA or retirement plan. The tax advantage stems from the fact that most retirement plans (other than Roth IRAs) are subject to income taxes – and possibly estate taxes – if left to an individual beneficiary. However, a charity that is named as the beneficiary does not pay income or estate taxes on the distribution.
Make a gift of charitable gift annuities:
Make a lifetime gift, generating income and tax deductions for you and a future gift to Karmê Chöling. You can create a charitable gift annuity (CGA) or a charitable remainder trust (CRT) which will provide you and/or a loved one with a fixed annual income for life – often at a higher rate than provided by the securities donated; after which the remaining funds go to Karmê Chöling. In addition, you receive a charitable income tax deduction for part of your gift as allowed by the IRS. A charitable lead trust (CLT) allows you to provide Karmê Chöling with income from the CLT for a period of years or for the life of an individual. When the trust terminates, the assets are distributed back to you or to other individuals chosen by you.
Learn more about the making of a bequest:
Types of Bequests
Language in a Bequest
Karmê Chöling Shambhala Meditation Center is a Section 501(c)(3)
For more information:
Contact Us
More Ways To Give
Monthly Giving:
Monthly donors provide Karmê Chöling with predictable cash flow for operational expenses by committing to ongoing monthly donations.
Join one of Karmê Chöling’s Monthly memberships and receive a pin and a calligraphy print!
One Time Donations:
Karmê Chöling depends on financial donations for approximately 25 percent of our operating budget. One-Time Donations help give rise to the improvements in the Main Shrine Room, guest rooms, the Garden and other Karmê Chöling features. Learn more about One Time Donations
Gift Securities:
Stocks, bonds and mutual funds can be donated to Karmê Chöling. You may write off the full current market value of the securities as a tax deduction (please consult your financial advisor about possible limitations to this rule). For more information email the Development Coordinator or call 802-633-2384, Ext. 157.
Wish-List Donations:
These are a gift in-kind, and eligible for tax deductions under charitable giving.
Grant a wish that is listed in our registry. Please let the Development Coordinator know so that we can properly thank you for your donation.
Workplace Matching:
If your company has a matching gift program, you may be able to increase the value of your gift. Please contract the Development Coordinator for details.
Canadian Donors:
Due to a Canadian tax law change, beginning July 1, 2019, Canadian donors will no longer be eligible for a Canadian tax deduction when donating to any U.S. Shambhala entity.
You may still make an unrestricted donation to Karmê Chöling at any time – it will help us greatly!
Email: Development Coordinator
Or call: 802-633-2384, Ext. 157
Karmê Chöling Shambhala Meditation Center is a Section 501(c)(3)
A Little About Karmê Chöling...
Karmê Chöling is a Buddhist meditation retreat center founded by Chögyam Trungpa, a Tibetan lineage holder. Established in 1971, it is one of the oldest retreat centers in the US. Situated in beautiful Vermont, it is also the first of Shambhala’s four long term retreat centers. From its start as a center for meditation retreats in New England, it has become a global movement with a community of meditators working together to build enlightened society.
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