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PLANNED
GIFTS.
From
|BEQUESTS|
to living trusts to life insurance to real estate, there are many
ways to make a planned gift to CAMA's Endowment Campaign. By doing
so, you can earn valuable tax deductions or exemption from estate
tax. Learn about the many ways to organize planned giving.
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|BEQUESTS|
- click for more information.
Revocable
living trust.
Your
goal: Make a revocable gift during your lifetime.
How to make the gift: Name CAMA as the beneficiary
of assets in a living trust.
Your
benefits: You maintain control of the trust for your lifetime.
Gift
of personal property.
Your
goal: Share your enjoyment of a collection or other personal item.
How
to make the gift: Donate tangible personal property related to
CAMA's exempt function.
Your
benefits: Charitable deduction based on the full fair market value.
Gift
of life insurance.
Your
goal: Make a large gift with little cost to yourself.
How
to make the gift: Contribute a life insurance policy you no longer
need and/or name CAMA as beneficiary.
Your
benefits: Current income tax deduction; possible future deductions
through gifts to pay policy premiums.
Gift
of retirement assets.
Your
goal: Avoid the twofold taxation on IRAs or other employee benefit
plans.
How
to make the gift: Name CAMA as the beneficiary of the remainder
of the assets after your lifetime.
Your
benefits: Allows less costly assets for your heirs.
Gift
of real estate.
Your
goal: Avoid capital gains tax on the sale of a home or other real
estate.
How
to make the gift: Donate the property to CAMA, or sell it to CAMA
at a bargain price.
Your
benefits: Immediate income tax deduction; reduction or elimination
of capital gains tax.
Retained
life estate.
Your
goal: Give your personal residence or farm now but continue to
live there.
How
to make the gift: Designate ownership of your home to CAMA, but
retain occupancy.
Your
benefits: Valuable charitable income tax deduction; lifetime use
of residence.
Charitable
remainder unitrust.
Your
goal: Create a hedge against inflation over the long term.
How to make the gift: Create a trust that pays a fixed percentage
of trust's assets as revalued annually.
Your benefits: Receive a variable income for life; immediate
income tax charitable deduction.
Charitable
remainder annuity trust.
Your
goal: Secure a fixed and oten increased income.
How
to make the gift: Create a charitable trust or a charitable gift
annuity (not availalbe in all states) that pays you a set income annually.
Your
benefits: Immediate income tax deduction; fixed income for life,
often at higher rate of return.
Charitable
gift annuity.
Your
goal: Supplement income with a guaranteed fixed amount that is
partially tax free.
How
to make the gift: Enter a charitable gift annuity (not available
in all states) contract with CAMA that pays a guaranteed income annually.
Your
benefits: Current and future savings on income taxes; stable income
for life.
Charitable
lead trust.
Your
goal: Reduce gift and estate taxes on assets you pass to children
or grand-children.
How
to make the gift: Create a charitable trust that pays fixed or
variable income to use for a specific term of years; principal is retained
for heirs.
Your
benefits: Reduces your taxable estate; your family keeps the property,
often with reduced gift taxes.
Pooled
income fund.
Your
goal: Receive a lifelong income stream and avoid capital gains
taxes.
How
to make the gift: Contributions from several donors are placed
in a common trust fund for investment and management purposes. Like
a mutual fund, each donor has an interest in a pro rata share
of the pooled fund and receives his/her share of all the net, orindary
income earned by the fund. After your lifetime, your share of the fund
becomes the property of CAMA. The Santa Barbara Foundation manages a
Pooled Income Fund for local charities; CAMA works with the Foundation
on these types of gifts.
Your
benefits: A lifelong income stream; an immediate charitable income
tax deduction; avoid capital gains tax on appreciated assets contributed
to the pooled fund.
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CAMA| |
