12 days of christmas, 12 ways to give back
TRANSCRIPT
12 Days of Christmas, 12 Ways to Give Back
Outright Gifts
• Can be made as a general contribution or designated for specific programs of your choice
• Assets that can be given easily are bonds, cash, checks, mutual funds, partnership interests, tangible personal property and stocks.
Memorials
• A personal remembrance
• Honors the life of a friend, relative or colleague with a gift of love and hope
Tributes
• Provide meaningful, living gifts to a friend, relative or colleague
• Honors a special occasion, such as a birthday or anniversary
Bequests
• Giving through your will
• Adding a philanthropic organization like Community West Foundation as a beneficiary of your estate ensures your gifts never stop giving
Charitable Gift Annuity
• Allows you to donate cash or stock and receive a guaranteed payment from that asset for as long as you live
• Receive a charitable tax deduction for the year the gift annuity is established
• A portion of the income from the gift annuity will be tax free
Donor Advised Funds
• Similar to having a private foundation, without the administrative work and expensive set-up costs
• Allows you to make a gift to the foundation, receive an immediate tax deduction and recommend grants to charities you wish to support
Gifts of Life Insurance
• A flexible, cost-effective way to include Community West Foundation in your estate plans
• Donating the policy to Community West Foundation entitles you to a charitable tax deduction in the year you transfer the policy
Charitable Remainder Trust
• A gift that enables you to provide a lifetime income for yourself or a family member
• Remaining principal is passed to Community West Foundation to be used as you designate
Charitable Lead Trust
• Name Community West Foundation as a beneficiary of income for a specified amount
• When the trust expires, the remaining assets revert to beneficiaries
• May realize significant savings in estate taxeswhen the trust asset passes to your beneficiaries.
Retirement Plan Gifts
• If you pass away before your retirement funds are exhausted, high estate and income taxes can be imposed on the beneficiary
• Reduce this tax burdenby naming Community West Foundation as a beneficiary of your retirement plan
Real Estate
• Donate property to Community West Foundation and receive the benefit of a current income tax charitable deduction
• Continue to use the property for your benefit as long as you live
Establish a Scholarship
• One of the most important educational opportunities for present and future generations.
• Scholarships can be established as an endowment or annually at Community West Foundation to help support students
For more information on Giving Back Visit:
http://www.communitywestfoundation.org/