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Planned Giving Tools
Please contact Al Zimmerman via e-mail at alz@nccf4christ.org or phone at 503-892-6264 for additional information about these gift planning tools and strategies.
PLANNED GIFT OPTIONS
Charitable bequests (will or living trust)
Gifts by will or living trust for the benefit of Northwest Christian Community Foundation may be for a specific dollars amount, a percentage of the total estate, or the residual amount (amount leftover after all expenses have been paid). Specific bequest language for a gift to Northwest Christian Community Foundation. (Click here for more information about Charitable Bequests.)
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Retirement assets
Retirement plan assets (IRAs, 401(k), TSAs, etc.) may be the best way to make a gift to Northwest Christian Community Foundation. The funds can be transferred by adding Northwest Christian Community Foundation as either a primary or contingent beneficiary of the account. As a direct distribution at your passing, these funds will not be subject to estate tax or to income tax, and consequently, the entire balance will be preserved for Northwest Christian Community Foundation. In some cases gifts of retirement funds during your life may be beneficial. (Click here for more information about Retirement Assets.)
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Charitable gift annuities
Charitable gift annuities through Northwest Christian Community Foundation can provide you with a reliable, consistent stream of income for life while also benefiting the ministry of Northwest Christian Community Foundation. The amount of the annual payment is based on age of the income beneficiaries at the time of the gift (older the recipient, the larger the payout rate) and the date when the payments begin. Part of the income may be tax-free. Annuity payments may begin immediately or may be deferred for a period of time as part of your retirement planning. $10,000 minimum. (Click here for more information about Charitable Gift Annuities.)
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Charitable remainder trusts
The charitable remainder trust in one of the tax-advantaged ways you can contribute and increase your current income. Charitable remainder unitrusts are especially advantageous for appreciated assets and real estate. A unitrust provides a variable income based on a percentage of the value of the trust assets as determined each year. Charitable remainder annuity trusts are excellent planning vehicles for older donors with appreciated stock. An annuity trust pays a fixed dollar amount each year to the income beneficiary. (Click here for more information about Charitable Remainder Trusts.)
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Charitable lead trusts
A lead trust directs the annual income to Northwest Christian Community Foundation for a period of time, and then transfers the assets to heirs. The principal advantage of the most common form of lead trust is the ability to transfer assets to heirs while significantly reducing or even eliminating the gift and estate taxes on the value of the assets used to fund the trust. (Click here for more information about Charitable Lead Trusts.)
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Life estate – gift of home, vacation home, or farm.
A life estate gift is also called a gift of a remainder interest in a residence, vacation home, or farm to a charity. The gift is made by transferring the ownership of the property to Northwest Christian Community Foundation while you are living, and you retain the right to use the property for life. The donor receives a current income tax deduction for the gift that can be used to reduce one’s current taxable income. (Click here for more information about Life Estate.)
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Life insurance
The need for life insurance changes over time. The ownership and beneficiary designation of a funded life insurance policy may be transferred to Northwest Christian Community Foundation. A gift of a current policy may enable the donor to turn a moderate monthly premium into a substantial gift. (Click here for more information about Life Insurance.)
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ESTATE AND PLANNED GIVING
Effective Christian Stewardship
Planned gifts can be a vital part of your personal estate and financial planning strategy.
God has entrusted to each person talents, time, and resources to be used for his glory. Through a planned gift you can establish a legacy in the lives of your family for generations to come. You can become part of what God is doing through the Northwest Christian Community Foundation and have a substantial impact on helping ministries that you and your family are committed to serving and reap the benefits of planned giving.
People are looking for solutions to today's planning challenges:
- Generating a secure retirement income.
- Having more income to be able to fulfill their dreams.
- Providing financial assistance for loved ones.
- Converting appreciated assets into an income stream.
- Reducing the burden of capital gain taxes and income taxes.
- Making appropriate estate planning decisions.
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