Types of Planned Giving & Their Benefits

Plan Name

Description

Living Trust or Bequest in Will 

 

 

 

Life Insurance

Real Estate

Retirement Plan

Charitable Gift Annuity

Charitable Remainder Trust

Charitable Lead Trust

A gift you make by designating the Warren County Community Foundation in your will or living trust.

A gift of an old or new policy with the Warren County Community Foundation named as beneficiary and owner.

A donation of real property, either in full or with a retained life estate.

A gift made by naming the warren County Community Foundation as the remainder beneficiary after your death.

A contract in which the Warren County Community Foundation agrees to pay you back a percentage of your gift annually for your lifetime.

A trust that pays a set income to you or those you name before the Foundation receives remainder.

A trust that pays an income to the Warren County Community Foundation for a period of years before you or heirs receive remainder.

Benefits

Estate Tax Deduction for the value of your bequest to the Warren County Community Foundation; gives you flexibility so you can provide for your family’s needs first.

 

Immediate income tax deduction for gift’s value on existing policy; provides a way to make a significant gift with minimal expenditure.

Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax liability;allows you to live in your home and still receive a charitable deduction.

Avoids income tax when plan is inherited; possible estate tax savings; allows giving of more tax-friendly assets to heirs.

Immediate income tax deduction for part of gift’s value with capital gains spread over life expectancy; gives you and/or beneficiary fixed payments for life.

Income tax savings deduction, no capital gains tax liability, possible estate tax savings.
Provides fixed annual income for donor or other beneficiary.

Gift or estate tax savings for value of payments made to Warren County Community Foundation; allows you to pass assets to heirs intact at a reduced cost.

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