Planned Giving with Wynder Law and Buxbaum & Chakmak
13th of August 2020
Why Planned Giving?
A planned gift is an investment in the future of your favorite charity that ensures the means to continue that charity’s mission into the future. Planned giving offers a wide variety of benefits to you as you plan to accomplish your charitable and financial goals. Benefits include: personal satisfaction in providing for the continued mission of your favorite charity; income tax savings; avoidance of capital gains tax or federal estate tax; reduction in the administrative costs of settling your estate; and, a reminder to your heirs of your dedication to your favorite charity.
A planned gift to Children’s Foundation of America will provide vital support for projects, activities, events, and goals that support the health, safety, well-being and education of foster children and will influence their well-being far into the future.
Partner With Local Law Firms to Reach Your Philanthropic Goals
Our team can help you analyze a diverse array of ways to partner with Children’s Foundation of America to support their important efforts while reaching your philanthropic goals during your life and as a way to leave a lasting legacy for the future. Some examples include, but are not limited to, the following:
- Gifting Property. Gift givers may decide to make gifts of real estate, stocks, and mutual funds to Children’s Foundation of America. Ask your legal advisor how you can contribute appreciated property, like securities or real estate and receive a charitable deduction on your personal income tax returns for the full market value of the asset and pay no capital gains tax on the transfer.
- A bequest is a gift made through a will or living trust. They are the cornerstone of many estate plans and are among the easiest ways for donors to arrange a gift. Make the Children’s Foundation of America a beneficiary of your will or revocable trust—costing you nothing during your lifetime. Bequests may take different forms and can be restricted or unrestricted. An attorney experienced in estate planning should be consulted to assist you in incorporating bequests in your estate plan or creating a simple amendment to your will or living trust.
- Charitable Trusts. A charitable trust is an irrevocable trust created for a charitable purpose. A properly drafted and administered charitable trust can provide income, gift, or estate tax benefits to the creator of the trust. It can also be a valuable estate planning tool for clients who are charitably inclined but prefer to retain some control or ownership interest over the assets they want to donate, rather than making an outright transfer directly to a charity. Additionally, gift givers can also realize certain tax benefits. You might also be uncomfortable with gifting large sums outright and want to preserve certain assets for family members or make philanthropic gifts over time. Though may continue to make charitable gifts each year, charitable giving vehicles other than outright gifting, such as charitable trusts, may be of greater benefit to you. There are many strategies for planned giving trusts. Once an attorney who specializes in this area understands your goals, he or she will be able to direct you to the option that makes the most sense for you and accomplishes what you want.
Other opportunities for planned giving are available! For more information about these and other planned-giving vehicles, please contact your legal advisor(s) or the attorneys at one of our partner firms below:
WYNDER LAW, INC.
540 W. Baseline Rd., Suite 16, Claremont, CA 91711
(909) 506-4095 | email@example.com
BUXBAUM & CHAKMAK
414 Yale Ave., Suite K, Claremont, CA 91711
(909) 621-4707 | firstname.lastname@example.org
Gail Polk, Community Outreach Coordinator
Gail networks with those in community and educates the public about our cause. She aims to increase awareness and encourage support for children in need. After graduating from the University of San Diego, she spent years as a stockbroker, then found her passion helping nonprofits through development and fundraising. She enjoys speaking to groups and has been interviewed multiple times on television. Gail successfully turned a failing nonprofit business into a well-known San Diego boutique thrift store and hugely profitable business. Gail looks forward to working with the Children’s Foundation of America with a goal to help improve the lives of foster children. Contact Gail: 909-426-0773 ext. 222 | email@example.com