Planned Giving
What are
Planned Gifts?
A planned gift usually requires the assistance of a professional
advisor or gift planner to complete. That is why CASA has enlisted
Pikes Peak Community Foundation to help establish and administrate
any planned gift a donor would like to make to benefit CASA.
A planned gift is any deferred or outright gift substantial
enough to require a donor to consider his or her tax and
financial situation
along with his or her philanthropic intent.
Because many donors are unable to release assets to make a
major gift, they can make a substantial planned gift to CASA
while providing important tax and income benefits to themselves
or others. Also, donors can increase income or pass assets
on to heirs and reduce or avoid estate and gift taxes.
Potential Giving Options to Benefit
CASA
(administered through
the Pikes Peak Community Foundation)
Outright Gifts
- Cash: Cash donation to ensure the future of the organization
- Publicly Traded Stocks or Securities: Tax-deductible at full
fair market value. The donor is not taxed on long-term
capital appreciation
- Real Estate: Appraisal establishes fair market
value. Possible avoidance of capital gains tax.
- Personal Property: Assets related to the mission of CASA worth
fair market value. Non-related property deductible on
basis of their cost to donor.
Deferred Gifts
- Life Insurance: CASA may be named either as the beneficiary
or the owner of the policy.
- Bequests by Will: Bequests may be made of the entire or
partial estate after other inheritance intentions are honored.
Possible
avoidance of estate and inheritance taxes while retaining
lifetime use of these assets.
Life Income Gifts
- Gift Annuity: Cash or asset gift pays a fixed percentage
of its value as lifetime income to the donor.
- Charitable Remainder Trust: Cash or asset gift pays a fixed
annual income or percentage payout of the value of
the trust assets. Reverts to CASA upon maturity. Not subject to probate
or estate taxes.
- Pooled Life Income Contract: Donor purchases shares
in a common investment fund. Beneficiaries receive quarterly
payments based on fund earnings. Upon death, shares revert
to CASA. These long-term securities gifts avoid capital
gains tax, are eligible for tax deductions, provide life
income,
and avoid estate taxes.
For further information, please contact the Director of
Resource Development at 447-9898 x1002 or send us an email.
|
