Trusts, Insurance & Deferred Giving
The foundation offers several deferred giving arrangements that can be established for your lifetime or through your will. They can be structured to provide a life income for yourself or a loved one. These arrangements include:
- Charitable remainder trusts and unitrusts, which offer you or another beneficiary income for a lifetime or through the term of the trust. When the trust expires, the foundation receives the remainder to carry out your charitable intentions.
- Charitable lead annuity trusts, which allow you to help the community while also leaving a gift for your children or grandchildren. The trust reduces estate and gift taxes and prevents the beneficiaries from paying property tax.
- Life insurance policies, which are an excellent choice for creating a major gift at little cost to you. By naming the foundation as beneficiary of a new or existing life insurance policy, you receive a tax deduction for the value and any subsequent premium payments. When the policy is redeemed, the foundation will use the proceeds to carry out your charitable objectives
- Remainder interest in a residence or farm, which offers you the option of making a gift of all or a percentage of either the home or farm to the foundation.
For more specific information and calculators for wills, trusts and charitable gifts, talk with an attorney or other professional advisor.