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Planned Giving Options
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Through the power of planned giving, you can leave a legacy for generations to come. Here are some of the ways you can work with the Community Foundation for Palm Beach and Martin Counties to continue to make an impact on the matters that you care about most: through a bequest, retirement assets, charitable remainder trusts, charitable gift annuities, charitable lead trust and life insurance. Naming the Foundation in your will or living trust is simple. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests – including those to family members – are made. Or, your trust can specify that your heirs receive lifetime income, with the remainder going to the Foundation for charitable purposes. Donors naming the Foundation as a beneficiary of their estate plans become members of our Legacy Society. Retirement Assets
Retirement assets may be used to support your charitable interests while achieving significant tax advantages for your heirs. They offer a highly efficient way to preserve your estate and to give a significant gift.
Charitable Remainder Trusts
Charitable remainder trusts appeal to donors with appreciated assets such as real estate or securities. They allow you to receive income (or provide income for another person) with the knowledge that the funds remaining when the trust terminates will be used to support your charitable interests.
Charitable Gift Annuities
Charitable gift annuities are a contract between you and the Foundation, guaranteeing you or someone you name a certain fixed income for life. At the death of the last annuity recipient, assets will be used by the Foundation as you originally specified.
Charitable Lead Trust
The income generated by assets placed in a charitable lead trust is paid to the Community Foundation for Palm Beach and Martin Counties for a designated period of years. When this term expires, the corpus passes to other beneficiaries—often, family members—named by the donor. While you cannot receive an income tax deduction for the value of the assets placed in a charitable lead trust, the yearly income paid to the Foundation is excluded from your taxable income during the trust term.
Life Insurance
Life insurance can be used as a charitable asset when you name the Foundation as a beneficiary of your policy. The proceeds may be used to create a fund or add to an existing fund.
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