In uncertain times, a carefully planned charitable contribution is a tangible way to make a positive impact on our society. Doing so not only strengthens our community, but can also be advantageous for you and your loved ones.

When the time is right for you to consider a gift through your estate plan, you may wish to explore giving options that provide income, tax-benefits, and preserve flexibility. 

Preserving Flexibility

Options that can help ensure you remain adaptable to changing financial landscapes, include:

• Remainder Charitable Bequest – A remainder provision ensures that your charitable contribution will only be made after all your other beneficiaries have received their share, giving you the ability to prioritize your loved ones, with the knowledge that your generosity will also extend to charity once their needs are met.
• Beneficiary Designation – Beneficiary designations let you specify the individuals and charities you want to support, and the percentage of the assets you want each beneficiary to receive, without changing your will or living trust.
• Contingent Charitable Bequest – A contingent bequest allows you to specify that your charitable gift will be made only under certain conditions, providing peace of mind that your beneficiaries’ needs will be addressed first, while still making a lasting impact on the causes you care about.

Gifts That Provide Income

Two popular options that allow you to give now while still securing a stream of income are:

• Charitable Gift Annuity (CGA) – A CGA offers fixed, reliable payments for life in exchange for a charitable gift of cash or securities. With a CGA, you can reduce taxes and increase your spendable income while making a gift that will have a substantial impact.
• Charitable Remainder Unitrust (CRUT) – A CRUT offers a sophisticated means to secure an income stream. As the trust’s assets appreciate, your payments increase, providing financial stability and potential tax benefits. 

By considering these options, you can make a meaningful difference while also preserving your financial security and providing for your loved ones. If you would like to explore these opportunities further, our team is ready to assist you in tailoring a charitable giving strategy that is right for you.