Deferred gifts may be created so that you or someone you love can receive a lifetime income. At the death of the first beneficiary, the remainder of the trust passes to the Community Foundation to create a fund for whatever charitable purposes the donor has specified. These trusts provide current income tax deductions and/or estate tax deductions.
Pass Income to Your Children or Grandchildren–Charitable Lead Trusts provide income to a fund in the community foundation for whatever charitable purposes the donor has specified. After a set number of years, the remaining principal of the Trust, any accumulated appreciation, can then be distributed to children, grandchildren or other named individuals.Read More
A donor can use retirement plan assets [401(k), Keogh, 403(b)] to create a fund in the Community Foundation for purposes the donor has specified. Also, retirement assets combined with charitable remainder trusts and life insurance trusts can be a valuable way of maximizing benefits from retirement plans.Read More