Planned Giving involves integrating your charitable gift into your overall financial tax and estate planning objectives so as to maximize benefits to both you and to SCI-Arc. Planned gifts typically come from assets rather than income and can be either outright or deferred. Types of planned gifts available through SCI-Arc include:
Wills/Trusts/Bequests SCI-Arc greatly appreciates the opportunity to be included as a beneficiary in wills and trusts. Through a Living Trust, you can arrange for a contribution to SCI-Arc by naming us as the ultimate beneficiary. This method of giving is attractive because you still have complete control of the assets during your lifetime. A bequest in a will allocates any amount you wish to the charity of your choice free of estate tax. You can give cash or specific property, a dollar amount or a percentage of your estate, with restrictions or without. These gifts will provide a legacy of support for SCI-Arc's programs for years to come, while providing valuable tax advantages.
Real Estate This is a donation in the form of a personal residence, a vacation home, a farm, commercial real estate or vacant land. For the donor, a real estate gift ensures an income tax charitable deduction for the full fair-market value, avoidance of tax on the property's appreciation, zero gift tax, plus a reduction in his/her taxable estate.
Retained Life Estate You may be able to donate your home to SCI-Arc, but continue living in it. A gift of your home, farm, vacation home or condominium, even with stipulations about occupancy, results in a charitable deduction on your income tax.
Charitable Lead Trust A charitable lead trust allows you to pass assets to your family with significant estate tax savings while, at the same time, making a gift to us. After SCI-Arc receives income from assets in the trust for a period of years, the principal goes to your family, with estate or gift taxes reduced or even eliminated.
Charitable Remainder Trust (CRT) A trust is a legal agreement that specifies how assets placed under the trust will be managed. The CRT is an attractive method to achieve a variety of goals, while providing income for life. After your lifetime, the property remaining in the trust will be used by SCI-Arc as you specified. There are two types of CRTs:
Life Insurance A gift of life insurance is preferable if you purchased more than you think you will actually need. Provisions can be made to ensure family expenses are covered before SCI-Arc becomes a beneficiary. A donation of this kind will ensure a tax deduction, and may also result in a reduction in estate taxes.
Retirement Plan Assets Current tax laws allow for double taxation on retirement plan assets. A donation to SCI-Arc will eliminate the taxation requirement while supporting our mission and values.
To inquire about making a planned gift to SCI-Arc, please contact Sarah Sullivan, SCI-Arc's Chief Advancement Officer, at 213-356-5319 or Sarah_Sullivan@sciarc.edu.