Central Carolina Community Foundation

Planned Giving Options

Bequests

Bequests are gifts left to the Community Foundation in an estate.  Many donors who may be concerned about their future finances choose a bequest as a way to positively influence the future of their community after they are gone.

Insurance Policies

If the Community Foundation is named as the owner and beneficiary of an existing or new life insurance policy, your client receives an immediate tax deduction, which usually approximates the cash surrender value of the policy.  All premium payments made by your client thereafter will be deductible as a charitable contribution. 

Retirement Plans

Your client can name the Community Foundation as the beneficiary of individual retirement accounts, 401(k)s and other retirement programs.  Many donors are using this option because people tend to work later in life and have saved more than enough in retirement benefits.  At death, the assets transfer to the Community Foundation, avoiding estate and income taxes.

Charitable Gift Annuities

A Charitable Gift Annuity allows your client to arrange a generous gift to the community, while providing a new income source he or she can count on for the rest of his or her life.  We set up a contract with your client that combines immediate annuity payments to him or her with a deferred charitable gift to the community.  You client receives a tax deduction for the charitable portion of the gift.

Trusts

Trusts can be very simple, or they can be as complex as necessary to meet your client’s financial, charitable and personal goals.  Charitable lead trusts provide income to the Community Foundation immediately and for a period of years, after which the property reverts to your client.  A charitable remainder trust allows your client to receive an income for life.  Payments may vary from year to year or can be fixed at the time the gift is made.