Ways to Give Tomorrow
You can make charitable provisions to Start a Fund at the Community Foundation of Broward at a later time. Gifts that you plan now, including gifts from your estate, can be used to establish or add to your Fund later and you immediately become a member of our Legacy Society.
A provision in your will or trust is perhaps the simplest way to create your legacy. This allows you to leave a meaningful charitable gift after you are gone, and assets are no longer needed.
You can care for those close to you, then direct the remainder, a percentage, or even a specific item or dollar amount, to the Community Foundation of Broward to fulfill your charitable wishes. We will preserve your family name and forever connect you to the causes about which you care deeply.
This option allows you to use various assets to establish a trust from which the Community Foundation of Broward receives annual payments for your life (or for a specified number of years.) When the trust terminates, the remaining property is returned to you, or distributed to your heirs.
This is both a gift and an annuity that makes payments to you. It is a great option for those who would like to receive reliable income and also wish to create a charitable legacy after they are gone. You get an immediate tax deduction when the gift is made, and a portion of your annuity payments is tax-free.
This allows you to provide income to yourself or others for a period of years. After that, what remains in your trust establishes your charitable Fund at the Community Foundation of Broward.
Life Insurance
If you no longer need your life insurance policy, donating it can provide an easy option for your philanthropic legacy. Simply add the Foundation as a beneficiary, or make it the sole beneficiary of a policy you no longer need. When you transfer ownership of a cash value policy to the Community Foundation of Broward, you become eligible for a charitable tax deduction based on its current value.
Retirement Plan Assets (such as IRAs)
For a gift through your estate, retirement plan assets are often the best to give because they are so heavily taxed if left to heirs. Income and estate taxes can easily consume over 65% of the value when left to heirs. By naming the Community Foundation as the remainder beneficiary of these assets, you can leave a very efficient legacy.
To learn more about any of these planned gift options call us at 954-761-9503. |
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