Planned Giving

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Understanding Planned Giving

Not only can planned gifts be beneficial to Still Hopes, but they can also save you tax dollars through a charitable deduction and the avoidance of capital gains.

Consider one of the following options for a Planned Gift:

A Charitable Remainder Unitrust allows one to make a substantial gift to Still Hopes and continue to receive income from the assets contributed.  The gift is administered separately as a trust.  You instruct the trustee to pay you or a designated person income for the duration of life.  Once the life income payments terminate, Still Hopes receives the remainder of the assets in the trust.  With the unitrust, the donor receives an annual fixed percentage of the fair market value of the trusts assets, as those assets are revalued annually.

A Charitable Remainder Annuity Trust is similar to a charitable remainder unitrust except that it provides the life income beneficiary to receive an annually fixed dollar amount.  

A Charitable Lead Trust allows one to pass significant assets on to younger family members with little or no gift or estate tax consequence.  Money is transferred to a trustee who makes annual payments to Still Hopes for a specified number of years.  At the end of that period of time, the remaining assets would go to a family member or to others.

A Life Insurance Gift can be made through an existing life insurance policy or by purchasing a new one.  Still Hopes would be designated the beneficiary of the policy.  At the time of death, the holder’s estate would receive a charitable deduction when the proceeds of the policy are paid to Still Hopes.

A Will could be constructed with Still Hopes being named as a beneficiary.  Also, tax dollars could be saved if the estate is subject to federal estate tax.  An outright bequest can be a designated amount or a percentage of the estate.  Obviously there are several ways in which this may be structured. If one already has a valid, up-to-date will, an attorney can prepare a codicil to the will, naming Still Hopes as a beneficiary without having to redo the entire will.

This information represents only a few planned giving methods.  An accountant or attorney can provide exact information.  Still Hopes can help you begin the process.  

If you are planning a Gift of Stock, please print this page (PDF) and mail it to the Department of Development at Still Hopes.

For more information, please contact the Development Office at 803-739-5006 or email: kmoorman@stillhopes.org