The Power of Giving
Giving. It creates positive change in people, institutions and communities. It sustains a multitude of worthwhile organizations. It gives rise to innovative new programs and services. It makes us feel good and gives us cause to celebrate.
Today, the power of giving is stronger than ever. Even as the economic climate continues its volatile track, those with generous spirits will not be deterred. And while any donation is readily accepted by our Foundation, planned giving is an option many donors should consider.
In essence, a planned gift is a major gift made during one’s life or at death as part of the overall financial and/or estate plan of the donor.
The great part about planned giving is that depending on how one chooses to donate, certain gifts return income to donors and many have tax benefits. It’s important to talk to a financial professional before deciding, but some of the more popular planned gifts are:
An outright gift is the simplest of all gifts to make and provides The Foundation with the greatest and most immediate support. Most donors make outright gifts by writing a check, but outright gifts of other kinds of assets are certainly possible.
Make a charitable gift to The Foundation through your estate and retain access to your gift asset, should you ever need it during your lifetime.
Charitable Gift Annuity
A charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities. Gift annuities are easy to set up and the payments you receive are protected by a designated reserve of The Foundation for life.
Deferred Gift Annuity
A deferred gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities. The payments start on a date you choose that is at least one year after you make the gift. Deferred gift annuities are easy to set up and the payments you receive are backed by the general resources of The Foundation for as long as you live.
Charitable Remainder Unitrust
A charitable remainder unitrust can help you maintain or increase your income while making a significant gift to The Foundation. If your unitrust grows, your payments will grow too, providing a hedge against inflation. A unitrust provides more flexibility than other life income plans.