You can build a lifetime gift to Children’s Aid and Family Services into your estate planning. A number of giving opportunities exist, including:
The Endowment Fund was established as a “fund for the future,” to ensure that Children’s Aid and Family Services is here to help for generations to come by providing a reliable source of income (interest income). The Endowment’s growth is self-funded through reinvestment of a portion of its income, and is managed by a specially appointed Investment Committee that reports regularly to the Board of Trustees of Children’s Aid and Family Services.
A gift through your will may take a number of forms, including a percentage of your estate, a specific dollar amount, real estate (or other property), or the residue or “remainder” of your estate after all other bequests are made.
A life insurance policy naming Children’s Aid and Family Services as a beneficiary is a simple and cost-effective way for you to make a substantial gift. Additionally, if you make the Agency the owner and sole beneficiary of your policy, you can report the annual premiums, or the cash value of a paid-up policy, as a charitable deduction in the year of the gift. Please consult you insurance agent or financial advisor to learn how a small investment in life insurance can yield a very large payoff for Children’s Aid and Family Services.
Charitable Gift Annuities
In exchange for your gift of cash or stock, Children’s Aid and Family Services will establish an annuity that guarantees you or a beneficiary a fixed income for life. Donors can also defer income, if they wish. Deferred payment options often appeal to younger donors who would like an immediate tax deduction, while at the same time, adding to their retirement income. A portion of the gift annuity is tax-free for the life expectancy of the annuitant.
Pooled Income Fund
Similar to a Mutual Fund, the Pooled Income Fund (PIF) provides the beneficiary with fluctuating income for life. If you fund your PIF with long-term appreciated stock, you completely avoid paying capital gains tax.
Charitable Remainder Trusts (CRT)
A CRT is an irrevocable trust that you create, with or without contacting Children’s Aid and Family Services (we can take fiduciary responsibility for the trust, if you desire). The trust produces either a fixed or fluctuating income for life or for a term of years. If you fund your CRT with long-term appreciated stock, you will avoid paying capital gains tax.
For further information on any of the above Giving Opportunities, or to make a planned gift, please contact contact Sara Huisking at 201.740.7106 or email email@example.com