Each client with whom you work has unique charitable interests and financial circumstances. Consideration of all of the various planned giving strategies can help you match your clients with what will work best for them.
IRA. Retirement assets may become a preferred charitable gift for seniors. IRA distributions to charity receive tax advantages.
Request by Will. Clients can designate a portion of their estates as a gift. They will typically be eligible to receive a substantial reduction in federal gift and estate taxes.
Charitable Gift Annuity. Your clients can make a gift of cash or property and get immediate tax benefits. We will ensure that they or a loved one receive fixed quarterly or annual income payments for life.
Charitable Remainder Trust. Clients can place cash or property in a trust that pays them or another named beneficiary an annual income for life. After death, the remainder of the trust transfers to the Community Foundation for Southern Arizona and is placed in the charitable fund a client selects. Clients receive tax benefits for the year they establish their trust.
Charitable Lead Trust. Your clients can place cash or property into a trust that pays a fixed amount to the Community Foundation for Southern Arizona for the number of years they select. Once this period ends, the assets held by the trust are transferred to the beneficiaries they name. In some cases, they can receive a substantial reduction in federal gift and estate taxes.
Beneficiary Designation. Clients can make the Community Foundation for Southern Arizona a full or partial beneficiary of their life insurance policies or retirement accounts. It’s an easy way to make a legacy gift without modifying an estate plan. Upon death, the gift is placed in a charitable fund of their choosing.
Your clients may select from a variety of funds that best meet their charitable interests and needs.
Donor Advised Funds. Clients can have ongoing involvement in the use of their gifts. They can work with the Center for Planned Giving to identify ways to use money from their fund to address the issues they care about most. Their recommendations are submitted to our Board of Trustees for approval, and we distribute their grant dollars.
Designated Funds. Clients can direct their gifts to specific purposes. They can help provide ongoing funding for virtually any cause. Nonprofits can use a designated fund to build an agency endowment that will enhance their ability to accept large and complex gifts.
Field of Interest Funds. Your clients can target their gifts to address important needs in specific areas of community life. They identify their interests when making their gift, and our Board of Trustees awards grants to the nonprofits and programs they choose.
Unrestricted Funds. Client’s gifts can address changing community needs, including future needs that cannot often be anticipated at the time of their gifts. We evaluate all aspects of Southern Arizona’s well being, from the arts and culture to economic development, education, human services and more. The flexibility of a client’s unrestricted gift enables the Community Foundation for Southern Arizona to respond to our community’s needs at any given time.
Scholarships. Your clients can invest their gift in our community’s future by showing students they care. They can define criteria or allow the Foundation latitude in the selection of deserving students.
Supporting Organizations. Your clients can use gifts to establish an alternative to a private foundation, with only a fraction of the administrative responsibilities. They select board members, maintain personal involvement, and support the causes and organizations they care about – all while benefiting from the favorable tax treatment of a public charity. They can leave the investment management, start up costs, grant administration and reporting requirements to the Community Foundation for Southern Arizona staff.
Alternatives to Private Foundations
Some clients may believe that a private foundation provides their only option for hands-on and long-term involvement with the assets they set aside for charitable purposes. In reality, a named fund or supporting organization at the Community Foundation for Southern Arizona offers numerous advantages to these clients, provides real ways for them to stay engaged in giving, and avoids the hassles of administrative management.
Compare 4 approaches to giving and discover the benefits of setting up a fund or supporting organization at the Community Foundation for Southern Arizona.
Assets of a private foundation may be used to establish a donor advised fund, unrestricted fund, field of interest fund, designated fund, supporting organization or a scholarship fund. Each of these funds allow clients to remain involved in their grantmaking if they wish.
Depending on the type of fund that is established, their board can stay involved in setting grant priorities, advising on grant awards, and assessing grant success.
The Community Foundation for Southern Arizona will ensure that the donor’s intent, fund name and pattern of charitable giving are honored in perpetuity.