LDRF's PHILANTHROPY SERVICES: PLANNED GIVING
Planned Giving includes a variety of giving vehicles that enable you to support LDRF both during your lifetime and posthumously, creating a sustainable legacy of community philanthropy that will benefit all for years to come. Planned giving is typically done in conjunction with esate planning and is a viable option for donors at all income levels.
Some options for planned giving include:
Charitable Remainder Trust, which allows designated beneficiaries to receive income from the trust for their lifetime, or for a period of years not to exceed 20. At the end of that time, the balance of the trust is transferred to the Foundation. A charitable deduction is allowed for a portion of the gift made to the trust in the year the trust is formed. The 2 most common types of charitable remainder trusts are annuity trusts and unitrusts, which differ primarily in how the income beneficiaries receive from the trust is calculated and disbursed.
Charitable Lead Trust, which allows you to designate the Foundation as recipient of a regular, fixed contribution from a trust for a specified period of time, or the lifetime of the trust's holder. At the end of that time, the remainder of the trust passes to designated heirs or beneficiaries.
Charitable Bequests include anything donors give to the Foundation from their estate through a will or revocable trust. Regardless of the size of your estate, you can arrange to bequeath a gift in several ways. You may set aside a specific dollar amount, leave a percentage of your estate, or leave any assets remaining after your family has been provided for. Bequests can also be used to contribute material goods, such as cars, homes, art or jewelry. Paid life insurance policies, stocks, bonds, CDs and other investments may also be left, and may provide tax savings.
Beneficiary Designation is an option for philanthropists who would like to designation the Foundation as the beneficiary of their life insurance or retirement assets. This option offers flexibility in giving and tax advantages. LDRF will receive the specified assets upon your death, but you will retain the option of changing the beneficiary throughout your life.
