Planned gifts create opportunities for both donors and the Albertina Kerr Centers Foundation. There are many giving options to fit your needs. Below you will find a number of creative giving strategies that may help enhance your future financial well-being while proving a meaningful gift.
Your gift to the Albertina Kerr Centers Foundation Endowment, whether outright or deferred, will not only help the organization today—it will keep on helping year after year. Those who make a legacy gift are designated as Kerr Guardians.
Our development staff is available to assist you in any way possible. Please call 503-239-8101 or email for more information.
Donate Stock
Donate Real Estate
Donate Life Insurance
Donate Retirement Assets
Charitable Gift Annuities
Charitable Lead Trust
Charitable Remainder Trust
Donate Stock
The gift of an asset, such as stocks or mutual funds, is a valuable way to make a contribution to the Albertina Kerr Centers Foundation and receive attractive tax benefits.
Suppose you own corporate stock which has increased in value since you purchased it years ago. If you were to sell the stock in the market, you would have a taxable, long-term capital gain on the difference between the cost of the stock when purchased and what you receive from the sale. If instead of selling the stock, you were to donate shares, you would not incur any capital gains and would be able to deduct the current value of the stock on your tax return as a charitable gift. You receive a greater tax deduction by donating the stock directly to the Albertina Kerr Centers Foundation.
Donate Real Estate
Depending on your circumstances, gifts of real estate can be an effective means of donating. While the first thought may be a home, real estate may also involve a vacation or second home, an apartment or commercial building, undeveloped land or even ownership of a shopping center.
Real estate holdings, whether it is a home or investment property, are a significant part of one’s overall net worth. Gifts of real estate can therefore result in large contributions. Each piece of property has unique circumstances which need to be reviewed to determine their suitability as a gift. The advantages of a gift of real property are:
- charitable tax deduction;
- bypass of capital gains;
- the donor may be able to turn the property gifted into structured income for the donor and a beneficiary;
- if the gift is a home, you may be able to make a gift of the home now and remain in the home for the rest of your life.
Donate Life Insurance
You may wish to make the Albertina Kerr Centers Foundation the beneficiary of a life insurance policy as a way to make a sizable future gift. You retain lifetime ownership of the policy, keeping the right to cash it in, borrow against it and/or change the beneficiary.
You may also transfer the ownership of a policy to the Albertina Kerr Centers Foundation or purchase a new policy with the foundation as owner and beneficiary. In return, you are entitled to certain tax advantages.
Donate Retirement Assets
Qualified retirement plan funds are another excellent source of assets to fund beneficiary gifts. By designating the Albertina Kerr Centers Foundation as a beneficiary, funds may pass to the foundation free of taxes. It is also possible to set up the charitable beneficiary as the recipient of the entire remaining funds in the account or establish a percentage of the remaining funds to go to the bequest.
Charitable Gift Annuities
A charitable gift annuity is a contractual agreement between a donor(s) and a charitable organization. In Oregon, all charities issuing gift annuities must have a certificate of authority by the State Insurance Commission and must report to the commission annually. Information on favorable rates for seniors consistently provides higher financial returns than savings accounts. All gift annuities are reviewed by the American Council on Gift Annuities.
The significant advantages for a gift annuity are:
- guaranteed income for life;
- a portion of the income is tax-free;
- a significant tax deduction.
Gift annuities may also be deferred. In the case of a deferred gift annuity, the gift is made and the Albertina Kerr Centers Foundation promises to pay the donor an income stream that begins at a future date determined by the donor (minimum of one year from the gift date). Because the annuity fund will be invested for growth, there may be additional money in the fund once payments begin.
The attractiveness of this arrangement is that it enables you to make a gift and take a charitable tax deduction immediately while being in a higher tax bracket. The income from this gift may be deferred, for example, until after retirement when the rate of tax may be lower.
Charitable gift annuities have become one of the most accepted and financially sound gift plans in the charitable giving world. They are easy to arrange and our development staff will be happy to provide more information and a confidential calculation of your benefits.
Charitable Lead Trust
A charitable lead trust is a powerful way to make a future transfer of donor assets to heirs at a significantly reduced gift and estate tax cost. This type of gift also supports the Albertina Kerr Centers Foundation with income. For a designated number of years, all proceeds are paid to the foundation. At the end of the trust term, the assets pass to named beneficiaries.
A charitable lead trust can be funded with cash, publicly-traded securities, closely held stock, income-producing real estate, partnership interests or a combination of the above.
The advantages of a charitable lead trust are:
- a charitable deduction of the present value of the annual gift payments to the foundation;
- transfer at a given time period to heirs of assets;
- assets contributed to a charitable lead trust are removed from your taxable estate, reducing your estate tax exposure;
- the benefits of your gift are immediate to the Albertina Kerr Centers Foundation.
Charitable Remainder Trust
Charitable remainder trusts are an attractive planning tool for individuals with highly appreciated assets who wish to create a charitable legacy. A charitable remainder trust is a life income gift plan established for the life of the donor(s) and the life of a designated beneficiary.
A charitable remainder trust, once established, becomes irrevocable. There are, however, a number of designated changes that may be made in this trust. The income period of the trust may be set for the lifetime of the donor(s) or may be given for a specified number of years. At the end of the income period of the trust, the principal and any undistributed interest is paid to the Albertina Kerr Centers Foundation.
A charitable remainder trust can be structured to pay a fixed annual percentage to the donor(s) of the value of the assets in the trust. The trust value is revalued each year. If the trust value changes, the payment to the beneficiary changes. Or a charitable remainder trust may be structured to pay a fixed rate of return based on the initial value of the gift. In this case, the payment never changes.
The advantages of a charitable remainder trust are:
- a bypass of capital gains;
- potential for increased income;
- a charitable tax deduction;
- assets contributed are removed from the donor’s taxable estate, reducing estate tax exposure.
There is absolutely no cost to you or obligation from our planned giving services. Please call 503-239-8101 or email for more information.