HOW CAN I GIVE TO THE SHANDON FOUNDATION?
All gifts, regardless of size or form, are significant. Contributions can simply be made to the Foundation through various forms of charitable giving: gifts of cash, securities, or other real or personal property. Other options for gift giving and potential tax and estate benefits include the following:
Bequests: A Last Will and Testament, the basic document of estate planning, allows you to give charitable gifts from your estate.
Charitable Gift Annuity: You may give an asset to the Foundation and in return receive a guaranteed lifetime income determined by your age at the time the gift is given. You can potentially receive an immediate income tax charitable deduction, and a portion of the income may be returned to you as tax-free. Tax benefits may also come from giving appreciated stocks or property.
Life Insurance: You can name the Foundation as the beneficiary of an existing life insurance policy, or you may buy a new policy to benefit the Foundation.
Charitable Lead Trust: If you don’t need current income from an asset, and you desire to pass the asset on to your heirs, a lead trust may be appropriate. This trust arrangement provides income for the Foundation for the number of years you designate. When that time elapses, the asset passes directly to your heirs.
Charitable Remainder Trust: The annuity trust and the unitrust both provide lifetime income. An annuity trust pays a fixed income based on the value of your gift. A unitrust generates a variable income based on your fixed percentage of the trust’s value recalculated annually. Both provide beneficial income and estate tax considerations before or after your death. The Foundation benefits from what remains in the trust.
Retirement Plans: Pension plans and IRAs are convenient ways to continue faithful giving for years to come. If you name the Foundation as the beneficiary of your account, any funds remaining after your death will go towards the endowment fund.
For more information or questions about the Shandon Foundation