Planning a Deferred Gift
Planned Giving
As a way to enhance donors’ estate plans, the Community Foundation offers several excellent options for planned giving. Donors are encouraged to discuss charitable goals with personal attorneys, accountants, or trusted professional advisors. Working together with the Foundation’s knowledgeable staff, charitable plans that enable donors to realize their goals are created.
- Charitable Gift Annuity (CGA): Give and Receive
- Charitable Remainder Trust: A Gift that Gives Back
- Charitable Lead Annuity Trust and Charitable Lead Unitrusts
- Giving Through Retirement Plans
- Giving Through Insurance
Whether looking for immediate tax benefits, extra income, enhanced estate planning, the Community Foundation offers several excellent options for planned giving. Donors are encouraged to consult their trusted professional advisors when determining which planned giving strategy suits their charitable needs best.
Charitable Gift Annuity (CGA): Give and Receive
A CGA is a custom-designed trust that enables a donor to transfer cash or marketable securities to the Foundation in exchange for a current income tax deduction and the Foundation’s promise to make fixed annual payments to the donor for life. Annuity payments can begin immediately or be deferred to a future date. After the donor’s lifetime, the remaining funds create an endowment for the causes specified by the donor. A charitable gift annuity is safe, as it is backed by the full resources of the Foundation.
Charitable Remainder Trust: A Gift that Gives Back
For planning involving highly appreciated, low-cost basis assets, the Charitable Remainder Trust (CRT) can be a remarkably useful device. A donor with a concentrated equity position, for example, may donate the stock to a CRT and receive a charitable income tax deduction (for lifetime gifts). Once inside the trust, the stock may be sold with no immediate capital gains tax and the proceeds reinvested in a diversified portfolio. The capital gains tax can be deferred until the donor receives payments from the trust. When the payment stream ends, the trust is distributed to a fund specified by the donor.
Charitable Lead Annuity Trust and Charitable Lead Unitrusts
The Charitable Lead Trust is best used with assets that are expected to appreciate substantially over the years. A donor selects a term of years for the trust to exist and then chooses a rate which the trust will pay out each year to the charitable beneficiary or beneficiaries. At the end of the term, the trust assets are distributed, generally to family.
Giving Through Retirement Plans
Retirement plans provide great tax shelters during a lifetime, but with substantial retirement plan assets and a large estate upon death, estate and income taxes can reduce most of the plan’s value. IRAs and retirement plans are among the most tax valuable assets in an estate. By using them to make a charitable bequest, assets are preserved for heirs, and a legacy is created in the donor’s name.
An important but frequently overlooked role of life insurance is the one it can play in planned charitable giving. A donor may name an organization as the primary beneficiary of a life insurance policy while retaining ownership of the policy and access to its cash value. No income tax deduction is permitted for the value of the policy or for the subsequent premium payments. While the face value of the policy will be included in the donor’s estate, federal estate tax will be eliminated because of the charitable deduction.
Bequests: A Simple Way to Give
A simple addition to one’s will can launch a powerful legacy. By designating a specific dollar amount, percentage, or residual of one’s estate as a charitable bequest to the Community Foundation, estate taxes are reduced. The Albrecht Legacy Society recognizes individuals who have remembered the Community Foundation through their will.
Members of the Albrecht Legacy Society
- Henry & Betty Albrecht Fund
- Theresa M. Anderson Fund
- William D. Anderson Fund
- John B. Armentrout Memorial Fund
- Frances D. Armentrout Fund
- The Mindy and Sherif Baha El Din Nature Fund
- Ave Maria University Fund in memory of Mrs. Caroline F. Baker
- Garry & Nancy Bean Family Fund
- H. Max & Letha L. Brown Fund
- Cairns Family Fund
- Ansel M. Chandler Fund
- Mark & Pearle Clements Fund
- Paul F. & Edith B. Cooper Fund
- Tom Cooper Fund
- Loma Crawford Fund
- Louis M. & Patricia A. Daniel Fund
- Louis H. & Susan Dingerdissen Fund
- Charles & Helen Donahue Fund
- Jack R. Doolittle Memorial Fund
- Nally E.D. duBois Fund
- David B. & Katherine O. Dupee Fund
- Richard G. Ford Fund
- Harry N. Forman Scholarship Endowment
- William & Carolyn French Fund
- The Garcia Family Fund
- Diane R. & Edmond A.B. Gareshe, III Family Fund
- Jay & Lee Gates Fund
- Jim & Nancy Gibson Animal Welfare Fund
- George P. & Christine Ginos Memorial Fund
- Margaret B. Griffith Fund
- Elmer & Jean Grunow Fund
- Habitat for Humanity of Collier County Fund
- Elizabeth S. Hall Fund
- Marvin John & Phyllis Hollands-Robinson
- Robert & Roberta Hurd Scholarship Fund
- Nancy Reed Ickes Fund
- Iten Family Fund
- Karpas Family Fund
- William J. & Nancy Biggs Kieckhefer Fund
- Dennis Kilcoyne & Dietrich E. Zimmerman
- Gordon T. Kinder Fund
- Bertram E. & Eva P. Kohinke Fund
- G. Edna Krentz Fund
- W. Dain Kuhns & Elizabeth H. Kuhns Fund
- Lancashire Family Fund
- Beverley Wright McHugh Fund
- William K. & R. Kathryn McInerney Fund
- Peggy T. McIntire Fund
- Edith & John Meli Fund
- Delvin G. Miller & Mary F. Miller Memorial Fund
- Charles J. & Mary Lee Montgomery Fund
- NCH Healthcare System Endowment Fund
- Roy & Carolyn Neumann Fund
- D. Ray & Ruth D. Park Fund
- Nancy V. Potter Fund
- James D. & Joan M. Proud Fund
- Edwin J. Putzell, Jr. & Dorothy C. Putzell
- Carleen & Robert Reckman Fund
- David S. & Barbara L. Reynolds Family Fund
- Adele D. Rice Lead Trust Fund
- Rosenzweig Family Foundation Fund
- Alice Dorothy Ross Fund
- Jane G. Shaeffer Fund
- Merrill H. Shaeffer Fund
- Joan C. & Peter H. Shipman Fund
- Jefferson A. Simpson Fund
- Mr. & Mrs. Russell Sineni Fund
- Edna F. Springer Fund
- Perry MacKay Sturges Fund
- Thomas & Elizabeth Sully Fund
- Eleanor B. Sweet Fund
- Jack & Virginia W. Thompson Fund
- Dr. Donald & Carmilla Ullrich Family Fund
- Barbara & Gilbert Veconi Fund
- Wainscott Family Fund
- Albert E. Walkoe, Sr. Memorial Fund
- John F. & Laura M. Whitcomb Fund
- Milton & Miriam Wolfson Fund
Professional Advisors Council
Professional Advisors Council Application for MembershipView list of PA Council Members
7TH Annual Professional Advisors Conference
Mission Statement:
The Professional Advisors Council provides education, resources and experience on charitable planning to promote strategic philanthropy in Collier County.
Chair: Christopher Bray
The Foundation benefits from many volunteers who serve on the Professional Advisors Council (PAC), providing a wealth of knowledge and experience that guide all aspects of the organization’s work. The PAC is made up of attorneys, financial planners, accountants, insurance professionals and trust officers who share a commitment to philanthropy and an understanding of the benefits they can provide their clients through the Community Foundation.
Members of the PAC not only support the activities of the Foundation but also keep abreast in the change of laws and conditions affecting planned giving strategies and techniques and seek opportunities to introduce discussion of such strategies and techniques to clients and colleagues.
Barkauskas, Gregory T.
Bray, Christopher P.
Brown, Dennis C.
Burke, William M.
Carlson, Cynthia
Carmichael, Kevin
Charles, Joseph L.
Ciccarelli Kantor, Kim
Ciganek, David J.
Dresselhaus, Paul W.
Erickson, Jeffrey R.
Galbraith, Brad A.
Hamilton, Robin M.
Holtz, Gregory T.
Inman, CFP, Linda S.
Jones, David M.
Krause, Andrew J.
Lange, William D.
Law, Lester B.
Lile, Laird A.
Lombardi, Jeanette M.
McAvoy, Brian V.
Merritt, Lisa K.
Myers, William H.
Nichols, Jerry F.
Rhoads Perry, Shelley
Rigor, Bradley G.
Seewald, Jeanne L.
Slepcevich, William R.
Stommel, Robert J.
Treiser, Sharon R.
Vanderburg, Ellen C.
Webster, Gail S.
Wilson, George A.
Wisnar, Jennifer L.
Wollman, Edward
Zaks, Joseph D.