Planned Giving
Your Planned Giving Guide
UNLOCK THE POWER OF GIVING AND MAKE A LASTING DIFFERENCE
There are many ways to remember Marshall and Marshall Foundation in your estate plans, such as funding programs that care for people for generations to come. The most common donations are outright gifts such as cash or a check, which we receive right away. But many times, people want to hold on to their money and other assets for now, just to be sure they can meet their family’s future fi nancial needs. These people are usually delighted to learn that we have excellent alternatives that allow them to make a gift.
Gift giving is thoughtfully selecting – from a menu of gift-giving opportunities – a charitable gift that is also favorable to you. While its primary purpose is to help the charitable cause of your choice, its secondary purpose may be for you to enjoy the personal financial or family benefits that certain plans can provide you.
Planned gifts can be made now, to immediately support your needs, or they can be enacted upon end of life, as a final way to leave your legacy.
Would You Give, and Give More, if You Could?
Sometimes it’s difficult to be charitable when your budget is tight and the future is uncertain — after all, your family comes first. But there is a way to make a significant gift that takes into account tax-saving strategies and income-producing assets. These types of gifts are called planned gifts.
A Menu of Choices and Tax Benefits
To give you an idea of what sorts of gifts and benefits are available through gift planning, we’ve compiled the chart below for your review.
As you can see, your choices are many. And no matter which planned gift you choose, you get peace of mind knowing that your careful planning makes a big difference in the lives of those we serve. After you review the chart, continue on for a few additional elements to consider when thinking about making a planned gift.
Gift Planning Options
GIFT TYPE
HOW IT’S DONE
ADVANTAGES
Current Gift. A donation you make now can be used promptly to meet our urgent needs.
Securities or Real Estate
Give appreciated assets you have owned longer than one year.
You receive income tax and capital gains tax benefits.
Bargain Sale
Sell to us, below market value, real estate you have owned longer than one year.
You receive income tax and capital gains tax benefits.
Charitable Lead Trust
Fund a trust you create that provides payments to us for a term of years, then pays the remainder to family memers or beneficiaries of your choice.
This is a smart way for anyone in high estate and gift tax brackets to benefit us and pass principal to others with reduced estate or gift taxes.
Deferred Gift. A deferred gift is a planned contribution that you arrange now to benefit us later – perhaps after your lifetime.
Bequest
Through your will or living trust, give us money, property or a share of your estate’s residue.
It is revocable at any time and allows you to keep your assets should you need them during your lifetime.
Retirement Plan
Name us as primary beneficiary of a percentage or all of your retirement plan or IRA.
This gift eliminates income taxation on distributions after your lifetime. Plus, it’s revocable.
Life Estate Agreement
Deed to us your personal residence or farm now, but retain the right to live there for life.
You avoid the hassles of selling, and you secure income tax savings now.
Life Income Gift. This gift plan ensures you (and even a survivor) an income for life, as well as substantial tax savings.
Charitable Remainder Trust
After you obtain income for life from assets you place in a trust, we receive the remainder.
You receive tax benefits and fixed or variable payments for life.
Charitable Gift Annuity
You agree to make a gift of cash or other assets and, in return, we provide you with lifetime payments.
You receive tax benefits and fixed payments for life.
Irrevocable vs. Revocable Planned Gifts
Now that you’ve reviewed the assets and methods you can use to create a gift, consider whether you prefer a gift you make today — with immediate tax benefits — or a future gift that you can amend or revoke if circumstances change.
Irrevocable Gifts
- Current gifts of securities and real estate: These gifts result in a charitable deduction on your income tax return if you itemize.
- Charitable lead trust: In most cases, this arrangement offers gift or estate tax benefits to those with sizable estates.
- Life estate agreement: This agreement offers a current income tax deduction even though we won’t take possession of the property until after your lifetime.
- Life income gifts: These gifts offer an income tax benefit, too, and in addition they can provide you with even more advantages, including income for life. Some of the life income plans offer predictable, fixed payments and some provide variable payments to help offset inflation.
Revocable Gifts
When you include a bequest in your will or trust or arrange to give your retirement plan to us after your lifetime, we receive the assets at some time in the future. Of course, you can change your mind at any point during your lifetime, so these gifts do not offer current income tax benefits.
Before making any type of planned gift, we urge you discuss your considerations with your personal financial or tax advisor.
The Marshall Foundation for Community Health is dedicated to serving the community through charitable initiatives that align with the guidelines of Section 501(c)(3) of the Internal Revenue Code.