- Planned Giving

Looking for Opportunities to discuss charitable giving with your clients:

Some of your client’s greatest opportunities to make a significant charitable contribution occurs when he or she is making other major business, personal and financial decisions, such as:

  • Charitable instruments(pdf)
  • Revising or writing a will
  • Contemplating the sale of a business
  • Planning for retirement
  • Receiving a financial windfall
  • Changes in family relationships

At this time, questions to ask your clients may be:

  • How much money do you want your heirs to have?
  • Do you have dreams of making our community or world a better place to live?
  • If you could leave more of your wealth to your family and continue to support the charities you care about most, would you be interested?

Planned giving strategies can help your client make the most of providing for their heirs and the causes that are important to them. We offer Many ways for your clients to benefit our region and the world through effective estate planning.

The Community Foundation is a 501(c)(3) public charity. Therefore, gifts are fully tax deductible.  Your clients can establish a fund in their name, the name of their business, or as a memorial to someone special. A bequest of cash, securities or real property can significantly reduce your Client’s taxes otherwise payable by his estate.

Bequests are the most common way to make a lasting gift.

Ways to Increase Your Income
Charitable Remainder Trusts:

  1. The Community Foundation can help your client use a simple bequest to fund more complicated charitable goals including scholarships, a specific field of charitable interest or the charitable work in a specific geographic region.
  2. Charitable Remainder Annuity Trusts at the Community Foundation pay a fixed income, usually for the life of the donor and/or spouse (age 65 years and older). At the conclusion of the annuity, the Foundation will add to an existing or newly created permanently endowed fund an amount equal to the difference between the original gift and the cost of providing the annuity.
  3. The Community Foundation will serve as the Trustee for Charitable Remainder Trusts and Charitable Lead Trusts if the charitable portion of the Trust goes into a permanent fund at the Foundation.  The fund at the Community Foundation that receives the charitable portion of the trust can be tailored to the charitable interests of the donor.  It is normally not economical to establish and administer a charitable trust with less than $50,000.
  4. IRA, 401(k), or Other Qualified Retirement Plan Assets may be used to leave a legacy simply by naming a fund at the Community Foundation as the beneficiary.   There are some restrictions on the types of funds that can receive such assets.  Please contact us for more details.
  5. Life Insurance can be used if your client names the Community Foundation as the owner and beneficiary of a new or existing policy-perhaps a policy that is no longer essential to their financial goals. Premiums on the policy that your client pays will then become tax deductible.

The staff of the Community Foundation is available to meet with you and your clients to answer questions and discuss ideas regarding estate and gift planning.  Please contact us if you would like more information or a private consultation.

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30 Scott’s Corners Drive, Suite 202
Montgomery, NY 12549
Ph: (845) 769-9393
Fax: (845) 769-9391
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