Types of Planned Gifts

BEQUESTS

Designating one’s property through a will or trust.

 

RETIREMENT PLANS

Give some or all of an Individual Retirement Account (IRA) or 401k. 

 

LIFE INSURANCE

Designate the Community Foundation as a charitable beneficiary.

 

INVESTMENT ACCOUNTS

Designate the Community Foundation as a charitable beneficiary.

 

LIFE ESTATE CONTRACT

Donor donates a home to the Community Foundation, gets a tax deduction and continues to live in the house.

 

REVOCABLE LIVING TRUSTS

Designate a portion of the trust assets to the Foundation.

 

CHARITABLE GIFT ANNUITY (CGA)

Annuity pays one or more beneficiaries a fixed amount for life and then the remaining assets go to the Community Foundation.

 

CHARITABLE REMAINDER ANNUITY TRUST (CRAT)

Trust pays one or more individuals a fixed amount for life and then the remaining assets go to the Community Foundation.

 

CHARITABLE REMAINDER UNITRUST (CRUT)

Trust pays one or more beneficiaries a variable amount for life and then the remaining balance goes to the Community Foundation.

 

CHARITABLE LEAD TRUST

Trust pays the Community Foundation a fixed amount for a number of years and then assets go to a named individual.

 

ENTIRE ESTATE

All real estate, personal property and investments. CFNEA will serve as the Executor if CFNEA is the sole beneficiary.

Jennifer S. Maddox, MBA, CAP®, President & CEO, can be reached at 256-231-5160, ext. 25 or email

J. Mitchell Rogers, MBA, CAP®, Vice President of Community Partnerships, can be reached at 256-231-5160 ext. 17 or email

 Fred Smith, MPA, CAP®, Vice President of Community Partnerships, can be reached at 256-231-5160, ext. 26, or email.