Flexible Giving Options through the PineBelt Foundation
The PineBelt Foundation offers a wide range of gifting options and vehicles that you can use to establish or add to a named charitable fund.
Gifts to an endowment or a spenddown fund take many forms. The PineBelt Foundation provides professional gift planning assistance and facilitates gifts of all types, including:
- Cash or Outright Gifts
- Charitable Bequests – this is a simple designation in your will or trust and costs nothing during lifetime. They are easy to set up and revocable if the situation changes.
- Memorial Gifts – gifts in memory of a loved one is a generous way to honor his or her life.
- Living Trusts (Revocable Trust) – Avoids probate…just name the charity as a partial beneficiary.
- Insurance Beneficiary Designation – Donate a policy and deduct future premium payments, or just name the charity as a policy beneficiary or a partial beneficiary.
- Charitable Remainder Trust – A great tool for selling assets tax-free and receiving income for life; the remaining assets go to a charity. It provides steady cash flow and can be more beneficial than keeping an asset or selling it outright. The income to the grantor is currently materially more than can be owned on a savings or certificate of deposit account.
- Charitable Lead Trust – You greatly reduce or avoid estate tax on trust assets passing to family …if some trust income goes to charity for a few years. Trust provides generous estate and gift tax deductions for wealth transferred to family at a more mature age. The net assets of the trust are returned to the grantor’s family after the grantor’s death.
- Retirement Assets – Retirement funds paid to your kids at your passing can get hit with high income and estate taxes (55% estate taxes and income tax paid on IRA’s etc.), but are tax-free to a charity.
- Gift Annuity – An agreement that can increase your cash flow from a gift that provides guaranteed fixed payments for life. Lifetime annuity payments, based on age may be two or three times higher than your cash return on low-earning securities or CDs.
- Family Business Stock – When the time comes to transfer or sell the business, there are tax and practical reasons for including a charity in the plan. Tax advisors can be very creative.
- Donor Advised Fund – Works like a ‘charitable bank account’ – claim the deduction now and decide later when and which charity will receive the funds.
- Lifetime Bequest (Gift Now + Estate Pledge) – Secures a current gift and increases potential for an even larger estate gift.
- Real Estate – Great for making a gift and also transferring the burden of managing the property. The gift can be made outright or can be made to a charitable remainder trust.
- Bargain Sale – You can sell your property at a discount, deduct the difference, and receive a lump sum or installment payments. It won’t reduce your disposable funds.
- Life Estate Deed – You can deed your home or other property to charity, save taxes with a current deduction, and still use the property for the rest of your life.
- Art and Other Assets – This gift allows others to appreciate your special holdings.
If you would like more information about charitable giving, contact The Greater PineBelt Community Foundation at 601.583.6180 or by email firstname.lastname@example.org. Or you can contact our legal counsel who specializes in estate planning, Robert Jackson, Sr., Attorney and Partner with Jackson, Bowman, Blumentritt & Arrington, PLLC, or discuss planned giving with your Estate Planner.
Since we are recognized by the Internal Revenue Service as a public charity, donors are provided with the maximum tax benefits allowed by law. Once your fund is established, you can add to it at any time and in any dollar amount.