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Estate & Planned Giving

The term planned gifts refers to specific strategies that, in most cases, benefit charity at some point in the future while offering immediate benefits to the donor. Several examples of planned gifts are outlined below:

BEQUEST BY WILL: Donors write a will and designate a gift by amount, by percentage of their estate, and/or make it contingent on specific future events. Donors like to make gifts through bequest because they can be sure that their charitable wishes will be fulfilled with no risk of running out of money. And, in many cases, donors can receive a substantial reduction in federal estate taxes.

CHARITABLE REMAINDER TRUST: This type of charitable instrument lets donors place cash or property into a tax-exempt trust that pays them (or another named beneficiary) an annual income. The donor receives an immediate tax deduction for the present value of the gift in the year the gift is made. After death or at the end of the specified term, the remainder of the trust transfers to the Community Foundation.