Planned Giving

Expressing Your Personal Values.

Sometimes called deferred gifts, planned gifts are a variety of charitable giving methods that allow you to express your personal values by integrating your charitable, family, and financial goals. Planned gifts refer to specific strategies that, in most cases, will benefit Sitrin at some point in the future, while offering immediate benefits to you.

The gift of a paid-up life insurance policy is a good example of a planned gift. By designating Sitrin as owner and beneficiary of such a policy, you will receive a charitable income tax deduction that, in most cases, is equal to your cost basis in the policy.

The Charitable Remainder Trust (CRT) is perhaps the most versatile charitable giving tool. With the CRT, it is possible to bypass capital gains tax on the sale of highly appreciated assets, generate an increase in income, receive an attractive charitable income tax deduction, and fulfill your philanthropic objectives. The CRT is a legal trust that can be constructed to produce a predictable annuity payment each year or take advantage of investment growth opportunities with income payments based on a growing trust principal.

The Charitable Lead Trust (CRT) is the opposite of a CRT in that assets are irrevocably placed in a trust, and the Foundation receives income for a period of years. You, or your heirs, receive the assets after the term. While there are usually no income tax deductions, a CLT can allow you to make a significant gift to charity and transfer assets to family members with reduced or eliminated gift and estate taxes.

A Charitable Bequest makes it possible for you to make your wishes known today without relinquishing needed assets during your lifetime. Bequests can transfer a specific asset. You can also give a percentage of the estate after costs and taxes.

The Charitable Gift Annuity is a great example of how a gift generates income for the donor. This is actually a contract between a donor and a charity that is part gift and part annuity. In addition to the annuity payment, the donor receives a charitable income tax deduction and a portion of each annuity payment may be tax-free.

The Deferred Payment Gift Annuity, in which annuity payments are delayed for a number of years, offers rates that make it an attractive supplement to retirement income.

Retirement plans – Naming Sitrin as a beneficiary of an IRA, 401(k) or 403(b) can reduce taxes, and result in a significant gift to Sitrin.


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