Planned Gifts
Pine View Foundation is an exempt organization, duly qualified under Section 501(c)(3) of the Internal Revenue Code, contributions to which are tax deductible in accordance with Federal law.
The following is a brief summary of planned giving opportunities. Determining what gift is right for you is just as important as making the gift. There are many options from which you can choose. The correct plan for you balances what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plans.
Thank you for taking the time to explore the benefits of gift planning. Please contact Veronica Miller at 941-807-7321 to find out more information, or to schedule a meeting.
Options of Planned Gifts:
WILL OR CODICIL BEQUEST: A bequest in your will can be used to leave any of the above outright gifts to Pine View Foundation or to establish a planned contribution.
CHARITABLE GIFT ANNUITY: It is possible to make a donation of cash or securities to establish a Charitable Gift Annuity to provide you or another individual with guaranteed, partially tax-free income for life.
CHARITABLE REMAINDER TRUST: A Charitable Remainder Trust provides an individual with income for either life or a term up to 20 years from the date the gift is made. When the trust terminates, Pine View Foundation receives the trust's principal.
CHARITABLE LEAD TRUST: A Charitable Lead Trust provides Pine View Foundation with a steady income for a term of years or the life of an individual. When the trust terminates, the donor's designated heirs will receive the trust's appreciated principal.
LIFE INSURANCE: There are several ways to use life insurance to make a donation to Pine View Foundation. The Foundation can be named as owner and beneficiary to an existing policy or a new policy can be established.
RETIREMENT ASSETS: The combination of federal income, estate and excise taxes can seriously erode the value of retirement savings. Naming Pine View Foundation as a beneficiary of these assets can save your estate and heirs both income tax and federal estate taxes.
APPRECIATED STOCK: These assets that have a higher market value than their basis or tax purpose value. Such assets would, if sold by an individual or non-charitable organization at a price higher than their basis, potentially generate a taxable capital gains (either long-term or short-term depending on the holding period).
Goals & Gifts
Whether you want to eliminate taxes or benefit from an increased income stream, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping a cause close to your heart. The following chart details a gift vehicle for every goal. After determining the gift that is right for you, meet with your financial advisor or our organization to begin implementing your wishes.
| Your Goal | Your Gift | How to Make the Gift | Your Benefits |
|---|---|---|---|
| Make a quick and easy gift | Outright gift | Donate cash, securities or personal property | Income tax deduction; avoidance of any capital gains tax |
| Make a revocable gift during your lifetime | Living trust | Name us beneficiary of assets in a living trust | Control of trust for lifetime; possible estate tax savings |
| Defer a gift until after your lifetime | Bequest in will | Name us in your will | A donation exempt from federal estate taxes |
| Make a large gift with little cost to yourself | Life insurance gift | Give a policy with us as owner and beneficiary | Current income tax deduction; possible future deductions |
| Avoid the twofold taxation on retirement plan assets | Retirement plan gift | Name us as beneficiary of the remainder of the assets after your lifetime | Avoidance of heavily taxed gift to heirs, allowing less costly gifts |
| Avoid capital gains tax on the sale of a home or other real estate | Real estate gift | Donate the property to us, or sell it to us at a bargain price | Immediate income tax deduction and avoidance of capital gains tax |
| Give your personal residence or farm, but continue to live there | Retained life estate | Designate the ownership of your home to us, but retain occupancy | Charitable income tax deduction and lifetime use of home |
| Secure a fixed and often increased income | Charitable remainder annuity trust | Create a charitable trust that pays you a set income annually | Immediate income tax deduction and fixed income for life |
| Create a hedge against inflation over the long term | Charitable remainder unitrust | Create a trust that pays a percentage of the trust’s assets, valued annually | Immediate income tax deduction, annual income for life that has potential to increase |
| Supplement income with fixed annual payments | Charitable gift annuity | Enter a contract with us, in which we’ll pay you fixed payments annually | Current and future savings on income taxes; fixed payments for life |
| Reduce gift and estate taxes on assets passing to heirs | Charitable lead trust | Create a trust that pays a fixed or variable income to us for a set term, and then passes to heirs | Reduced size of taxable estate; keeps property in family, often with reduced gift taxes |