The foundation has several planned giving options for you to choose from. You can fund a gift with cash, equity, property and more. You may want an option that offers tax benefits. And some types of giving can even provide income for you and your loved ones. Find out more below – and let our expert staff help you find the solution that’s right for you.
Bequests are among the most popular forms of planned giving. A bequest allows you to name an already-existing fund or a new fund at the foundation to receive a percentage, dollar amount, or the remainder of your estate. Also, bequests enable you to reduce your estate taxes while supporting your community.
Gifts of retirement assets
Naming the foundation as a remainder beneficiary of your retirement assets can maximize your support for the charities you care about while also maximizing the amount left to your heirs.
Charitable gift annuities
A charitable gift annuity can ease the worries of outliving financial resources. It allows you to contribute assets to the foundation and receive an income tax charitable deduction. In addition to numerous tax advantages, you will receive a guaranteed income for life.
Gifts of life insurance
There are a few different ways to make a life insurance gift. You can give a life insurance policy that you no longer need. You can take out a new policy. Or, you can name the foundation as a beneficiary of an existing policy. Finally, a gift of life insurance may provide valuable income and estate tax savings.
Charitable lead trusts
These trusts allow donors to provide income for a specified number of years to a designated fund. The remainder is then returned to the donor, or his or her named beneficiary. Benefits may include the transfer of assets to others, free of estate, gift and income taxes.
Charitable remainder trusts
You can transfer cash or equities irrevocably to a trust. The trust would then be invested and managed by The Foundation for Delaware County. You would receive either fixed or fluctuating income payments for life. And, when you no longer needed it, the remainder would go to the fund at the foundation that you designated.
To find out more about making a planned gift, please email Ellen Grill or call her at 610-744-1015.