Giving Later

Enjoy tax benefits now by making a commitment to give later. A number of giving options are available that allow you to make charitable gifts while preserving economic security for yourself and your loved ones. Some examples include:

Bequests: Allow you to reduce your estate taxes while supporting your community. Sample bequest language is available to download here.
Charitable Remainder Trusts: Allow you to receive income (or provide income for another person) with the knowledge that the funds remaining when the trust terminates will support your charitable interests.
Charitable Lead Trusts: Allow you to make significant charitable gifts in the near term while transferring substantial assets to beneficiaries who may benefit from significantly lowered gift and estate taxes later.
Life Insurance: If claimed as a charitable asset, you can be eligible for a charitable tax deduction based on the current value of the paid-up policy. Or, name the community foundation as a beneficiary.
IRA Charitable Rollover: Allows you to contribute your retirement assets to the Community Foundation with limited taxes.

Interested in learning more about giving later? Call or e-mail our Development Officer, Becky Byers Strand.

*The information on this site is not intended as legal, tax, or investment advice but rather as general guidelines on giving. For such advice, please consult an attorney, tax professional, or investment professional.