Planned Gifts

Philanthropy offers valuable estate planning advantages and allows you to create a lasting legacy for the public good. We support a range of planned giving options that give you the flexibility to fulfill your wishes for the future, receive income or benefit your favorite causes.

Meeting Your Goals

We encourage you to work with your estate planning professional or tax advisor to determine the type of gift that is right for you and your family. We can help you prioritize your goals for social impact while achieving the most favorable income tax benefits available. Your planned gift can be left to SVCF to direct funds toward the most effective nonprofits and most critical needs. You can create a fund or you can contribute to any existing funds at SVCF. Making a planned gift to SVCF also qualifies you to join the community foundation’s Legacy Society.

Bequests

The simplest way to leave a planned gift is to make a bequest including specific language in your will or living trust naming SVCF as the recipient of a testamentary gift. Gifts can be cash, securities or personal property. You may contribute a specific dollar amount, a percentage of your estate or the residual of your estate in this manner. Your estate will receive a charitable deduction for the full donation, so your heirs will not pay estate tax on these assets. Contact us directly for specific assistance with bequests.

Charitable Gift Annuity

Charitable gift annuities provide future income to you and/or a loved one for life, as well as support for organizations that are meaningful to you. With a charitable gift annuity, you make an irrevocable gift to SVCF. We pay a fixed dollar amount to you and/or a designated family member or friend for life. The amount received depends on the size of your gift and the age(s) of the person(s) receiving the payments. Income is guaranteed, regardless of market fluctuations. In addition to receiving a charitable deduction for a portion of the gift at the time it is established, a portion of your gift annuity income may also be income-tax-free. Because each situation is unique, contact SVCF to learn more about charitable gift annuities and how they might benefit you. We also offer an FAQ with more detail.

Charitable Remainder Trust

By transferring assets to establish a Charitable Remainder Trust, you receive an immediate tax deduction and lifetime income for you or your named beneficiary. You can also reduce or avoid capital gains taxes associated with the gifted asset. When the trust's term is complete, any remaining assets pass to SVCF. We accept gifts from standard unitrusts, net income unitrusts, net income with a makeup provision unitrusts and charitable remainder annuity trusts. We also provide the capacity and expertise to act as trustee. Contact us directly for more details.

Charitable Lead Trust

When you create a Charitable Lead Trust, the trust makes regular income-tax-deductible gifts to SVCF as the income beneficiary. When the trust terminates, the remaining principal is returned to you or to your family. Contact us directly for more details.

Retirement Plan Donations

You can name SVCF as the beneficiary of your retirement funds, such as an IRA, 401k or 403b plans. This is a simple, effective way to benefit the community while avoiding significant, often unanticipated tax penalties. Any remaining retirement fund assets are subject to multiple taxes if left to an individual other than your spouse. Donating retirement accounts can reduce or eliminate these taxes completely and make a significant impact on the community. Contact us directly for more details.

Life Insurance Donations

Among the many ways to donate life insurance, the simplest way is to designate SVCF as a beneficiary of the policy. You can also transfer ownership of a paid-up policy, donate insurance policy dividends, or name SVCF as designated owner and beneficiary, making annual gifts to SVCF in the amount of the annual premium. In this arrangement, the premium would be paid by SVCF. Contact us directly for more details.

Pooled Income Fund

If you are interested in the tax advantages of a charitable trust but want to minimize investment risk and investment overhead costs, consider a pooled income fund gift. Your gift is combined with gifts from many members of the community to create a common investment portfolio. It operates much like a mutual fund. Your gift is invested and 100% of the net income is distributed in proportionate shares to you, or to those whom you designate. A gift to SVCF’s pooled income fund creates life income for you and an immediate income tax deduction for part of the gift. You will also avoid capital gains tax on your gift of an appreciated asset. Finally, even though you receive income for life, there is no estate tax on this gift. When you pass on, your shares will be donated to support SVCF’s Community Endowment Fund or another endowed fund at SVCF. Contact us directly for more details.

Planned Giving Calculator

Use SVCF’s planned giving calculator to calculate the income and tax benefits a donor might receive from establishing a charitable gift annuity, charitable remainder trust, charitable lead trust or pooled income fund.