ENSURING A BETTER TOMORROW
The North Texas Community Foundation offers multiple ways for donors
to develop a charitable giving strategy for their future.
TYPES OF PLANNED GIVING VEHICLES
For many donors, it's important to ensure that the important work carried out by their favorite charities continues after their lifetimes. We work with individuals, families and professional advisors to establish funds through planned giving, so that charitable goals are honored into the future.
BEQUESTS: Name the Community Foundation in your will or trust. A charitable bequest can specify dollar amount, a percentage of an estate or what remains after other bequests, including those to family members, are made.
CHARITABLE REMAINDER TRUST: This giving vehicle can be appealing to donors with appreciated assets, including real estate and securities. They allow individuals to receive income – or provide income to another person – with the knowledge that the funds remaining when the trust terminates will be used to support their charitable interests. The Community Foundation can also assist an individual with charitable lead trusts, which support charitable interests now while leaving remaining trust assets to the heirs.
LIFE INSURANCE: Life insurance can be used as a charitable asset, making a donor eligible for a charitable tax deduction based on the current value of the paid-up policy. As an option, an individual can simply name the Community Foundation as the beneficiary of part or all of the insurance proceeds.
RETIREMENT FUND ASSETS: Because they are heavily taxed, retirement fund assets from qualified plans or IRAs are ideal for charitable giving purposes. They allow an individual to avoid income and estate tax while making a significant gift that will meet pressing needs in the local community.