Planned Gifts
Planned gifts allow donors to contribute to the causes for which you are passionate well after your lifetime. Many individuals choose to leave a portion of their estate to support one or more charitable organizations or causes.
The IRS has authorized several ways in which you can make a gift to The San Diego Foundation that will benefit our communities in the future as well as provide benefits for you.
Read our brochure on Planned Giving Partnerships.
A charitable bequest can be made in your will or living trust. You simply identify The San Diego Foundation as the beneficiary of a given amount, a percentage, or the residue of your estate, and we work with you to ensure your wishes are honored.
Qualified Retirement Plan Designation
Many people have assets in a qualified retirement plan to provide financial security during retirement. A portion of these assets will often remain after passing. If you plan to pass those assets on to anyone but your spouse, they will be subject to taxation equaling as much as 80 cents or more on the dollar. Making The San Diego Foundation the successor beneficiary to your spouse for those remaining assets gives the full dollar value to support your charitable goals while removing the assets from your estate for tax purposes.
Charitable Remainder Trust
A charitable remainder trust (CRT) permits you to make a gift and receive income in return. By using The San Diego Foundation, you can establish a fund with the trust assets to support important charities. We receive the assets at the end of the trust’s term and provide ongoing stewardship of your charitable wishes. There are additional benefits to this option if you use appreciated assets to fund the trust, as you will not be subject to capital gains taxation. You will also be entitled to an income tax charitable deduction.
There are two types of charitable remainder trusts: unitrusts and annuity trusts. In both cases, the term may be for life or for a period up to a maximum of 20 years. The minimum annual percentage payout is 5%.
Read our
Charitable Remainder Trusts and The
Tax-Free Sale brochures.
The charitable lead trust (CLT) is the reverse of the CRT. The trust distributes income to the charity for a period of years or throughout your lifetime with the assets returning to you or, more typically, to family members. The CLT allows you to make a significant gift to charity and transfer assets to family members with reduced or no gift and estate taxes.
A charitable gift annuity is similar to a CRT, providing a guaranteed income stream to you and your spouse for the rest of your lives. You transfer the property to The San Diego Foundation and receive a charitable tax deduction for a portion of the transfer. You also avoid capital gains tax and future estate taxes on the gifted property.
Read our brochure,
Planning My Giving.
Many individuals own a paid-up life insurance policy that has been filed away, perhaps originally intended for children who are now grown or have sufficient assets of their own. Making The San Diego Foundation the owner and beneficiary of such a policy provides an income tax deduction and is another way you can make a different for your favorite charities.
If annual premiums are due on a life insurance policy, you may make gifts to The Foundation in the amount of the premium and qualify for an income tax deduction.