Integrating charitable giving with financial and estate planning makes sense. Once you help your client provide for their loved ones, you may then wish to satisfy their philanthropic goals. Gifts to charity can dramatically reduce estate or income taxes.

Many planned giving options are available to accomplish specific tax and philanthropic goals. Some take effect during the client's lifetime; others become effective after the client's death. Still others can be structured to provide lifetime income for the donor(s) or their loved ones.

Benefits of Planned Giving

• Avoiding capital gains tax on appreciated value
• Creating income for life
• Reducing estate taxes
• Charitable intent will be carried out
• Preserving assets in perpetuity
• Creating a permanent legacy

Some Planned Giving Vehicles Include

Bequest by Will

Asking your clients to include a charitable bequest in their will is an easy way for them to make a lasting gift to the community. When they make this gift through the Community Foundation of South Lake, we establish a fund that benefits the community in perpetuity. Not only does this bequest become your client’s personal legacy of giving, but they continue to enjoy the assets they need to maintain their current lifestyle. Finally, they are able to distribute some or all of their assets tax free. Learn more...

Charitable Gift Annuity

Establishment of a Charitable Gift Annuity allows your clients to create a generous gift to the community while also providing them with a new income source that can be counted on for the rest of their lives. Charitable Gift Annuities can be established with cash or securities. As is the case with outright gifts, donations of appreciated stocks and bonds bypass capital gains taxes. We set up a contract with your client(s) that combines immediate annuity payments with a deferred charitable gift. In return, they receive a fixed income source, regardless of market conditions. Upon their death, we set up a charitable fund on their behalf. Learn more...

Charitable Remainder Trust

Creation of a Charitable Remainder Trust gives your clients income for the rest of their lives. Any remaining balance will benefit the community. You transfer their assets into a trust, and the trust pays your clients, or a beneficiary of their choosing, regular income payments. Any remaining assets in the trust transfer to the Community Foundation of South Lake after either the beneficiary's death or a predefined period of years. Learn more...

Charitable Lead Trust

A Charitable Lead Trust helps your clients remove assets from an estate and build a charitable fund with the Community Foundation of South Lake during the trust's term. When the trust terminates, the remaining assets are transferred to either your clients or their heirs. There are often significant transfer-tax savings to this approach. It shelters investment earnings from tax, and it provides other gift, estate, and generation-skipping tax benefits. For example, trust assets are removed from an estate for estate tax purposes. You may also capture future gift tax deductions for your clients through this approach. However, at the time the trust is established, your clients may owe gift tax on the present value of the gift to the final beneficiary. Learn more...

Real Estate

Simply ask your client(s) to identify the property that they would like to donate. They will be responsible for providing an appraisal that will help determine market value. We then assess the property for compliance with our acceptance policies. This gift of real estate can be used to establish any of the fund types that we offer. Learn more...

Life Insurance

Giving through life insurance is one of the simplest ways to make a significant contribution to the community and establish your client’s legacy of giving. A gift of life insurance, for example can be made when it is no longer needed for personal wealth replacement. There are a number of tax benefits, including reduced income taxes and estate taxes. Moreover, if your clients choose to continue paying premiums through The Community Foundation of South Lake, they will be entitled to a charitable contribution of up to 50 percent of their adjusted gross income. Learn more...

Bequest by Will

Asking your clients to include a charitable bequest in their will is an easy way for them to make a lasting gift to the community. When they make this gift through the Community Foundation of South Lake, we establish a fund that benefits the community in perpetuity. Not only does this bequest become your client’s personal legacy of giving, but they continue to enjoy the assets they need to maintain their current lifestyle. Finally, they are able to distribute some or all of their assets tax free. Learn more...

Charitable Gift Annuity

Establishment of a Charitable Gift Annuity allows your clients to create a generous gift to the community while also providing them with a new income source that can be counted on for the rest of their lives. Charitable Gift Annuities can be established with cash or securities. As is the case with outright gifts, donations of appreciated stocks and bonds bypass capital gains taxes. We set up a contract with your client(s) that combines immediate annuity payments with a deferred charitable gift. In return, they receive a fixed income source, regardless of market conditions. Upon their death, we set up a charitable fund on their behalf. Learn more...

Charitable Remainder Trust

Creation of a Charitable Remainder Trust gives your clients income for the rest of their lives. Any remaining balance will benefit the community. You transfer their assets into a trust, and the trust pays your clients, or a beneficiary of their choosing, regular income payments. Any remaining assets in the trust transfer to the Community Foundation of South Lake after either the beneficiary's death or a predefined period of years. Learn more...

Charitable Lead Trust

A Charitable Lead Trust helps your clients remove assets from an estate and build a charitable fund with the Community Foundation of South Lake during the trust's term. When the trust terminates, the remaining assets are transferred to either your clients or their heirs. There are often significant transfer-tax savings to this approach. It shelters investment earnings from tax, and it provides other gift, estate, and generation-skipping tax benefits. For example, trust assets are removed from an estate for estate tax purposes. You may also capture future gift tax deductions for your clients through this approach. However, at the time the trust is established, your clients may owe gift tax on the present value of the gift to the final beneficiary. Learn more...

Real Estate

Simply ask your client(s) to identify the property that they would like to donate. They will be responsible for providing an appraisal that will help determine market value. We then assess the property for compliance with our acceptance policies. This gift of real estate can be used to establish any of the fund types that we offer. Learn more...

Life Insurance

Giving through life insurance is one of the simplest ways to make a significant contribution to the community and establish your client’s legacy of giving. A gift of life insurance, for example can be made when it is no longer needed for personal wealth replacement. There are a number of tax benefits, including reduced income taxes and estate taxes. Moreover, if your clients choose to continue paying premiums through The Community Foundation of South Lake, they will be entitled to a charitable contribution of up to 50 percent of their adjusted gross income. Learn more...