Planned gifts include provisions for the LCSC Foundation in your will as bequests; gifts of retirement assets, stock or mutual funds, real estate, gift annuities, or life insurance; and gifts that create income for you. You can make a bequest through your will, trust, or retirement plan. Charitable gift annuity donors reduce capital gains taxes, garner income tax benefits, and provide long-term income for themselves or their loved ones while making gifts that can transform students’ lives.
Donors who acknowledge the Lewis-Clark State College Foundation in their estate plan become a member of the Heritage Society. Becoming a member of this society affords donors the opportunity to make sure their future gift is applied to the area of their choice. If you would like to discuss planned giving options, please contact the College Advancement Office at 208-792-2458 or e-mail email@example.com.
Please contact your tax professional to determine what type of planned gift is best for you.
A bequest is a gift that is made through a donor’s will. Individuals may include the Lewis-Clark State College Foundation in their wills by naming the LCSC Foundation for either a specific amount or a percent share of their estate. Donors can also name the LCSC Foundation as the residual beneficiary of their estates after payment of bequests to others.
The benefits of making a bequest gift include the fact that donors do not have to part with any money until they pass, and do not owe any estate tax on the amount of the bequest.
The gift annuity agreement provides older donors who give cash, securities, real estate, or personal property with fixed annual payments for a specified period of time, usually for life. With a deferred gift annuity, the annual payments do not start when the gift is made but begin at a later time specified by the donor. LCSC Foundation guarantees the donor a fixed annual income for the rest of their lives and helps the donor avoid capital-gains tax. The donor also gets an income-tax break on a portion of the earnings from an annuity; the exact amount depends on the donor’s age.
A donation of appreciated real estate or stock can help increase tax benefits. The deduction for a donation of property to charity is equal to the fair market value of the donated property. When the donated property is a "gain" property, the donor does not have to recognize the gain on the donated property. These rules allow for the "doubling up," so to speak of tax benefits: A charitable deduction, plus avoiding tax on the appreciation in value of the property. Shares of stock have to be held for more than one year and qualify for the "qualified appreciated stock" deduction.