Planned Giving

Planned Giving Tools

If you are considering the possibility of leaving a gift to the Foundation as part of your estate, you may wish to consider the wide variety of instruments available. Consult your professional adviser for more information on which instrument might best suit your own situation.

Plan Name

Description

Benefits

Living Trust or Bequest in Will A gift you make by designating the Blackford County Community Foundation in your will or living trust. Estate tax deduction for the value of your bequest to the Foundation; gives you flexibility so you can provide for your family’s needs first.
Life Insurance A gift of an old or new policy with the Foundation named as beneficiary and owner. Immediate income tax deductions for gift’s value on existing policy; provides a way to make a significant gift with minimal expenditure.
Real Estate A donation of real property, either in full or with a retained life estate. Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax liability; allows you to live in your home and still receive a charitable deduction.
Retirement Plan A gift made by naming the Foundation as the remainder beneficiary after your death. Avoids income tax when plan is inherited; possible estate tax savings; allows giving of more tax-friendly assets to heirs.
Charitable Gift Annuity A contract in which the Foundation agrees to pay you back a percentage of your gift annually for your lifetime. Immediate income tax deduction for part of gift’s value with capital gains spread over life expectancy; gives you and/or beneficiary fixed payments for life.
Charitable Remainder Trust A trust that pays a set income to you or those you name before the Foundation receives remainder. Income tax savings deduction, no capital gains tax liability, possible estate tax savings. Provides fixed annual income for donor or other beneficiary.
Charitable Lead Trust A trust that pays an income to the Foundation for a period of years before you or heirs receive remainder. Gift or estate tax savings for value of payments made to Foundation; allows you to pass assets to heirs intact at a reduced cost

The Foundation does not offer tax or legal advice. We encourage you to consult your professional advisor for tax or legal advice.