We can help your client plan their legacy through a number of planned giving instruments.
A planned gift to the Foundation can offer lifetime income for your client or a named beneficiary, with significant estate and income tax savings. In addition, a planned gift can ensure that the causes they care about will be supported for generations to come.
We offer an array of tax-wise options that helps make a difference for generations. Planned gifts can be made with:
A Charitable Bequest is an easy way for your client to make a lasting gift to their community. A retirement plan account is a simple but effective tax-efficient asset to give in a will, because heirs would otherwise be taxed on the income in Respect of the Descendent (IRD). Another option is to give a stated dollar amount, a specific property, a percentage of an estate, the remainder after distributions to other beneficiaries, or make a gift contingent on certain events.
Giving through a Charitable Gift Annuity allows your client to arrange a generous gift to their community, while providing themselves steady income through fixed annuity payments for the rest of their lives.
Giving through a Charitable Remainder Trust allows your client to receive income for the rest of their life, knowing that whatever remains will benefit their community. Assets are transferred into a trust, and the trust pays your client or a designated beneficiary regular income payments. Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to the Community Foundation. While similar to a Charitable Gift Annuity, a Charitable Remainder Trust provides more options in payout methods.
A Charitable Lead Trust enables you to support the Community Foundation's charitable work through the trust's lifetime. When the trust expires, remaining assets are transferred to your client or their heirs, often with significant transfer-tax savings. Assets are transferred to the trust, the trust gives the Community Foundation an annual amount, and when the trust terminates, either upon your client's death or after a specified number of years, the final assets, including any growth, are transferred to your client's designated recipients.
A gift of life insurance provides a simple way for your client to give a significant gift to charity and establish their legacy, while enjoying tax benefits during their lifetime. A gift can be made when life insurance is no longer needed for personal financial wealth, either by gifting a paid-up policy or by continuing to pay premiums. A number of tax benefits can be received, including reduced estate and income taxes. If your client chooses to continue paying premiums through ECCF, they will be entitled to a charitable contributions deduction of up to 50% of their adjusted gross income.
We would be pleased to work with you and your clients to create a planned giving strategy that matches their charitable and financial goals.