A charitable gift annuity is a great way to support the Opportunity Early Learning Center while providing you with a quarterly income, a charitable income tax deduction and professional investment management. A charitable gift annuity allows you to donate assets to Opportunity in exchange for a guaranteed payment for tax purposes as a combination of non-taxable income, capital gains income and ordinary income. Contact financial advisor for further information about Charitable Gift Annuities.
A charitable lead trust is a managed trust that enables you to transfer assets to your heirs at reduced gift and estate tax costs and transfer the full appreciated value of assets to beneficiaries with no further gift and estate tax at the termination of the trust. A charitable lead trust pays an annuity or a fixed percentage of the assets to Opportunity Early Learning Center for a specified number of years. At the end of this period, the assets are passed on to the beneficiaries named by the donor. Contact your financial advisor for further information about Charitable Lead Trusts.
A charitable remainder trust allows you to diversify your assets in a tax advantaged manner while at the same time to benefit Opportunity. Because the charitable remainder trust does not pay income pay tax, the donor can contributed appreciated assets to the trust, which can be sold without incurring tax on the gain and reinvested. The charitable remainder trust will then make annual or more frequent payments to the donor, typically until he dies, out of the property which has been sold and reinvested tax free. Upon the donor’s death, what remains in the trust passes to charity. The donor will receive an income tax deduction at the time the trust is established for the value of the property which will eventually pass to charity, and obtain tax free diversification of his assets. Contact your financial advisor for further information about Charitable Remainder Trusts.
You may name Opportunity as an irrevocable primary or contingent beneficiary (should the primary not survive you) of a new or fully paid life insurance policy. The policy’s cash value at the time of donation is deductible as a charitable contribution. You may also continue paying the premiums after donating a policy, in which case the premiums are tax deductible as well. Contact your financial advisor about Life Insurance as a charitable gift.
Bequests often establish a named gift fund (scholarship, memorial fund, etc.) honoring the memory of yourself or a loved one while assisting Opportunity Early Learning Center with its programs. In addition to leaving a legacy at Opportunity, naming the Center as a beneficiary (or contingent beneficiary) in your will (or your spouse’s will) can reduce the amount of federal estate tax your heirs are assessed.
Act now to take the steps that you need to do to be a good steward of the resources you intend to leave behind. Contact financial advisor about any of the creative giving techniques that will help you plan your estate and legacy for future generations. Contact your financial advisor to assist you with your plans.