Your support touches the lives of individuals and families transforming their lives with spirit and purpose.
You can donate to the Center through monetary donations, planned giving and estate planning, stock donations, and in-kind donations.
We accept one-time and recurring gifts towards our area of greatest need or a specific program of your choice.
Mail and Phone Donations
To donate by mail, please make your checks payable to ACSL and send to:
Albuquerque Center for Spiritual Living
2801 Louisiana Blvd. NE
Albuquerque, NM 87110
For donations by phone, please call the Office with your credit card info.
Want to Know More?
For information about monetary donations, planned giving and estate planning, stock donations and general inquiries, contact the Office.
Phone: 505.881.4311 Email: email@example.com
For information about in-kind donations, contact the Resources Director.
Making a stock donation is an investment in the Center that can also help you avoid capital gains taxes and reduce income tax burden.
While we appreciate your generosity, due to limited storage space, ACSL can only accept certain donations of goods and/or services (in-kind donations).In general, the Center welcomes IN-KIND DONATIONS that meet our community's basics needs.
Please call our Resources Director at 505.400.1545 before delivering your items.
Planned Giving and Estate Planning
While donations create miracles today, remembering the Center in your estate helps ensure the Center’s tomorrow.
The Center is founded on the ideals that no one should ever be turned away. By including the Center in your estate planning, you can help ensure that their vision carries on into the future.
Please view our Frequently Asked Questions about Planned Giving and Estate Planning below. If you have additional questions, you can contact us at 505.881.4311 or firstname.lastname@example.org
1. I need to write a will. Can the Center help?
Yes, just ask for our free Estate Planning Kit, which includes:
A readable but authoritative introduction to wills, living trusts and basic estate planning
An Estate Planning Inventory Form to help you get a clearer notion on the worth of your estate
Information on how to remember the Center in your estate plan
Effective estate planning usually takes time, effort and a good attorney. In the end your plan will allow your family to avoid the delay, dissension and needless expense that often occurs when a loved one dies without a will. Once you have taken care of your family's needs, please consider a thoughtful bequest to the Center.
2. How do I include the Center in my will or living trust?
The most common way people remember the Center in a will or living trust is through a charitable bequest. You do not have to rewrite your current documents. You simply add an amendment, called a codicil, to your will or living trust. Here is some suggested language you can have your attorney review:
TO USE IN YOUR WILL OR LIVING TRUST -- IN CONSULTATION WITH YOUR ATTORNEY:
I give devise and bequeath to Albuquerque Center for Spiritual Living (tax I.D. 85-0213361), located in Albuquerque, New Mexico, the sum of _______________________ dollars ($ _______________) OR _____________________ percent (________%) of the rest, residue and remainder of my estate OR ______________________ percent (________%) of the rest, residue and remainder of my estate after gifts to the following individuals ____________________________________________________________ OR the following described property: ______________________________________
Your bequest is entirely under your control during life and becomes irrevocable only at death.
3. What's the big advantage in making the Center a beneficiary of my retirement plan?
A designation in your IRA or other retirement plan may be a very cost-effective way of making a gift to the Center. If you leave your retirement plan to your children, they will have to pay income tax on either a lump sum distribution or the income stream from the plan. The Center does not pay this tax. Here's an example of what this can mean to your heirs:
A widower died a few years ago. He left his $300,000 house to charity and his $300,000 retirement plan to his relatives. He should have done just the opposite. The relatives had to pay income tax on the $300,000 in the retirement plan, an $80,000 cost to them. If they had received the home, and the charity had received the retirement plan payment, no one would have paid income tax.
4. What kind of donors should consider a charitable remainder trust?
Donors who want income for life, bypass of capital gains tax on stock or real estate, reduced taxes, and the satisfaction of providing for the Center. Anything you place in a charitable trust--cash, stock, real estate--is invested by the trustee to pay you income for the rest of your life and, if you wish, pay your heirs for life or for a term of years. After the death of all income beneficiaries, what remains in the trust passes to the Center.
Your trust may provide you with some important tax benefits:
An immediate income tax deduction for a percentage of your gift. We will be happy to give you an idea of the size of your deduction. We simply need to know the ages of the income beneficiary(ies) and the payout rate of the trust.
No tax on the sale of appreciated property. From the donor's point of view, this is often the most important tax benefit. Sometimes thousands of dollars that would have gone in capital gains taxes remain in the trust generating income to the income beneficiaries.
The trust principal is not subject to estate tax. Property that might otherwise be subject to federal estate tax is preserved from estate tax entirely. The calculated value of any future stream of income to named surviving beneficiaries is, however, included in the estate and subject to tax.
Appreciated real estate is often an excellent asset to place in a charitable trust. Mature investment properties are frequently earning only two, three, or four percent of their fair market value per year. When these properties are sold and the proceeds reinvested by the trust, earnings often increase significantly.
Under ordinary circumstances, owners face substantial capital gains taxes when they sell rental properties or commercial real estate. In some cases personal residences are also subject to capital gains taxes even after the $250,000 per individual or $500,000 couple exemption has been used. In any case, because your charitable trust will be selling the property, there will be no capital gains taxes due when the real estate is sold. Thus the entire net proceeds from the sale can be reinvested to produce more income for you.
Gifts of appreciated stock are ideal for funding a charitable remainder trust because the stock can be reinvested by the trust for greater income while bypassing capital gains taxes at the time of the sale.
Some people find it useful to give an undivided percentage interest of real estate to a charitable trust rather than all of it. For example, a donor contributed 75% of a vacant lot into a charitable trust. When the lot was sold, about $70,000 came directly to her from the sale while $210,000 remained in the trust. Some of her $70,000 was taxable, but she used the income tax deduction generated by her gift to the trust to offset the tax due on the gain built into the $70,000 she received.
There are two basic types of charitable remainder trusts. An annuity trust will pay you a fixed dollar amount for the rest of your life. A unitrust will pay you a fixed percentage of the trust principal each year, so if the value of the trust principal increases over time, your income increases with it. By law, your trust must pay you at least 5% of principal. You may choose a higher payout rate if you wish, but the higher the payout rate, the lower your income tax charitable contribution deduction. Also, selecting the highest rate possible may not work in your best interests for other reasons. If trust principal declines under the strain of meeting the higher rate, your income will decline with it. Also, the higher payout will produce a lower remainder value and the remainder value must equal or exceed 10% of the trust funding value for it to qualify as a Charitable Remainder Trust. On the other hand, a lower payout rate may allow the principal to grow, and your income will grow with it and will also enhance the chances of its passing the 10% test. Additions can be made to a unitrust at any time, but you can contribute to an annuity trust only once.
Finally, your trust must have a trustee. If you have an individual trust tailored to your circumstances, the trustee can be a commercial institution such as a bank or trust company, an individual with professional experience in trust management, a relative, or yourself. There are some complications in acting as trustee yourself, but it can be done if you understand and comply with IRS regulations and are aware of the trust investment management considerations to minimize income taxation of Charitable Trusts. The Center will be happy to supply you with a list of possible trustees or information on being your own trustee.
The basic advantages of charitable trusts are not difficult to understand:
diversification of your assets without incurring capital gains taxes,
immediate income tax benefits,
reduction of estate tax,
the satisfaction of providing for a good cause.
There are even ways these trusts can benefit your heirs that we have not covered. But the first thing you should do is find out if a charitable trust makes sense for you.
The Center will provide you with tax and income calculations tailored to your particular situation. This will give you and your advisors the information needed to make an informed decision as to whether a charitable trust meets your financial and philanthropic objectives. All information is provided confidentially and without cost or obligation. The Center deeply appreciates your willingness to help continue its work.
5. How can I give my home and keep it too?
A charitable life tenancy agreement allows you to give a personal residence or farm to the Center while retaining the right to live there for life. Donors who enter a life tenancy agreement receive an immediate income tax deduction. The deduction is based on the present value of the home discounted by the estimated length of time the charity must wait to receive the home. To put it simply, a person age 70 will receive a larger deduction than will a person age 50.
The IRS grants the deduction even though the donor continues to enjoy full use of the home. But the IRS also expects the owner to have full responsibility for the care and maintenance of the home. That's why life tenancy agreements simply continue things as they are currently, with the donor dealing with maintenance, property taxes, insurance and the like. The major benefits to the donor, then, are continued use of the home, an immediate charitable income tax deduction, the avoidance of probate, the avoidance of estate tax on the property, and the satisfaction of making a substantial gift to the Center during one's lifetime.
6. Why does the Center need planned gifts?
The short answer is that the Center needs gifts to:
transforms peoples lives
helps create a world that works for everyone
teaches tools that allow us each to make an impact on the world
The Center carries out this work in a spirit of unconditional love rooted in the belief that people of every race, age, ethnicity, religious belief, gender, and sexual orientation have the right to respect and acceptance.
For all of these reasons the Center is asking you to set aside something in your estate that will perpetuate your values by providing services in a spirit of unconditional love.
7. I don't have an estate plan. What should I do?
Have the Center send you its free Estate Planning Kit. The kit provides explanations of wills and living trusts, and gives you the names of some local estate planning attorneys.
9. How do I make a bequest to the Center?
Use language similar to the following:
"I give devise and bequeath to Albuquerque Center for Spiritual Living (tax I.D. 85-0213361), located in Albuquerque, New Mexico, the sum of _____________________________ dollars ($ _______________) OR ___________________ percent (__________ %) of the rest, residue and remainder of my estate OR the following described property: ____________.
10. Is there a simple way for me to put the Center in my estate plan?
Bequests are simple to put in your will or living trust. There are two other ways as well. (1) You can name the Center as a beneficiary of your life insurance. Just get a beneficiary form from your insurance company. (2) You can name the Center as a beneficiary of your IRA. Get a beneficiary designation form from your IRA manager. IRA gifts to the Center are tax-wise. Individuals must pay any tax due on an IRA, but the Center can accept IRAs without paying tax.
11. Can the Center help me with a charitable trust?
Yes. The Center can show you how to contribute cash, stock or real estate to a charitable trust, can estimate your income tax deduction and your cash flow from the trust, and can show you the value of your bypassing capital gains tax.
12. Does the Center offer gift annuities?
Yes. This simple contract offers many of the same benefits of a charitable remainder trust, but the payments to you are fixed, guaranteed, and partially tax-free. The older you are, the higher the payment.
13. May I set up an endowed fund at the Center?
Yes. The Center and you write a letter of agreement creating your endowed fund. You get an immediate dollar-for dollar tax deduction when you fund it. The fund becomes a permanent resource producing income for the Center.
14. How can the Center help me to get my estate plan done and gift made?
Think of the Center as a resource for information on estate planning and planned giving. We'll be pleased to send you our estate planning kit. We can also provide you and your advisers with tax and income calculations for charitable trusts, charitable gift annuities, and other methods of securing tax and income benefits through gift planning.
15. Will the Center cover my legal fees if I name them in my estate plan?
Unless there is a case of financial hardship, No. the Center and other nonprofit organizations need to make sure that there is neither undue influence nor the appearance of undo influence in these matters. Charities keep themselves at arms length and donors assure themselves of independent legal counsel when the donors pay their own legal fees.
The Center welcomes your donations of stock as another generous way of supporting our work.
Please review the information regarding stock donations below, and contact us with any additional questions at 505.881.4311 or email@example.com
Required Information for all Stock Donations
To transfer stock to the Center, you must provide the following information for audit and acknowledgment purposes:
Your name and address
Name and number of securities transferred
Specific Center programs to which gift should be directed (if applicable)
Mail or Email Stock Transfers
If you are delivering stock by mail, please send your unendorsed certificate(s) and stock power in separate envelopes.
Albuquerque Center for Spiritual Living 2801 Louisiana Blvd. NE Albuquerque, NM 87110 firstname.lastname@example.org