Support Through Estate Planning

A bequest is when a donor decides to leave assets to charity in his/her will. The donor's estate will receive a charitable estate tax deduction at the death of the donor when the gift is made to charity. Please consult with your estate planning professional.

A gift annuity is a contract between a charity and a donor. In return for the donation of cash or other assets, the charity agrees to pay a fixed payment for life to the donor or person of the donors choosing. The donor also can claim a charitable tax deduction. If a donor funds a gift annuity with a long-term capital gain property, the donor will have to report some of the gains and may be able to report it in installments over many years. Please consult with your estate planning professional.

This type of trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever the donor chooses to receive income. The donor may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, the charity receives whatever amount is left in the trust. A charitable remainder uni-trust provides some flexibility in the distribution of income and can be very helpful in retirement planning. Please consult with your estate planning professional.

This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to a charity during its term. At the end of the trust term, the principal can either go back to the donor (a grantor lead trust) or to the heirs named by the donor (a non-grantor lead trust). The donor may claim a charitable income tax deduction for funding a grantor lead trust or a charitable gift tax deduction for funding a non-grantor lead trust. Since lead trusts are typically used to pass assets to heirs, non-grantor lead trusts are far more common that grantor lead trusts. Please consult with your estate planning professional.

A donor may make a gift of her personal resident, farm or ranch to charity and retain the right to live there for the remainder of his or her life. The donor receives an immediate income tax deduction for the gift. At the donors death, the charity can use or sell the property. Please consult with your estate planning professional.