Planning gifts allow you to make a statement of support that will ultimately become a lasting legacy. Vehicles for Planned Giving Following is a brief description of some vehicles for planned giving. With several of the planned giving vehicles, tax benefits accrue upon the establishment of the gift and in many cases, income can be designated for your lifetime or the lives of designated beneficiaries. Consult your tax adviser for more information. Pooled Income Fund - Gifts to a pooled income fund are invested together with gifts of other donors to the fund and the income earned by the fund each year is shared among the income beneficiaries.
Donors incur no capital gain on the transfer of appreciated long-term securities to the fund.
Donors also receive a charitable deduction for a portion of their gift as calculated with the Internal Revenue Service tables. Charitable Remainder Trusts - Donors can use an irrevocable trust to provide themselves or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of the trust qualifies for an income tax deduction. At the death of the last income beneficiary, the corpus of the trust is distributed to charity. Life Insurance - When donors give a life insurance policy to charity, the present cash surrender value of the policy is deductible as a charitable contribution.