Support your Community in a Meaningful Way
The Community Foundation of South Lake offers multiple ways for your clients to develop a charitable giving strategy that meets their philanthropic goals while delivering financial and estate planning benefits.
With your guidance, we can provide your clients with the security and financial advantages they need today, while helping them establish charitable giving guidelines after they are gone.
Planned Giving vehicles include:
Your client can easily name the Community Foundation in his or her will or trust. A charitable bequest can specify a dollar amount, a percentage of an estate, or what remains after other bequests are made, including those to the client’s family members. Your client can also direct that his or her heirs receive lifetime income from the estate, with the remainder going to the Community Foundation to create a legacy of giving.
Charitable gift annuities
These annuities are a contract between your client and the Community Foundation, guaranteeing your client or someone your client names a certain fixed income for life. At the death of the last annuity recipient, assets will be used by the Community Foundation as your client recommends.
Charitable remainder trusts
This giving vehicle can be appealing to donors with appreciated assets, including real estate and securities. They allow your client to receive income – or provide income to another person – with the knowledge that the funds remaining when the trust terminates will be used to support their charitable interests. The Community Foundation can also assist your client with charitable lead trusts, which support charitable interests now while leaving remaining trust assets to the heirs.
Life insurance can be used as a charitable asset, making your client eligible for a charitable tax deduction based on the current value of the paid-up policy. As an option, your client can simply name the Community Foundation as beneficiary of part or all of the insurance proceeds.
Retirement fund assets
Because they are heavily taxed, retirement fund assets from qualified plans or IRAs are ideal for charitable giving purposes. They allow your clients to avoid income and estate tax while making a significant gift that will meet pressing needs in the local community.