– Greek Proverb
Planned gifts encompass several different areas of charitable giving and can be funded with cash, equity, property and more.
This type of giving is an excellent way to invest in the sustainable future of our Farm. Please see the below information on the different types of planned gifts Thorncroft is able to facilitate.
For additional information please contact: Mikaela Potrako, email@example.com
Please consult with your financial advisor, lawyers and/or family to determine if a planned gift aligns your philanthropic and financial goals.
Most popular form of planned giving. Allows Thorncroft to receive a percentage, dollar amount or the remainder of a donor’s estate. Bequests enable donors to reduce estate taxes while supporting the farm.
Gifts of Retirement Assets
Because retirement assets are considered to be “income in respect of a decedent” a great way to preserve your funds for your heirs while supporting the farm as gifts to a charity is generally not taxed. Many consider leaving their normally higher-taxed assets to a charity while passing on the lower-taxed assets to their descendants.
Charitable IRA Rollover
A Charitable IRA Rollover allows donors 70½ years and older to direct up to $100,000 from their traditional IRA to a charitable fund. The Charitable IRA Rollover counts towards the Required Minimum Distribution, the amount a person over 72 years of age must withdraw from an IRA each year.
Charitable Gift Annuities
A charitable gift annuity allows a donor to contribute assets to Thorncroft while receiving and income tax charitable deduction and receive a guaranteed income for life
Donors may gift a life insurance policy that is no longer needed, or name Thorncroft as a beneficiary of an existing policy. This type of gift may provide income and estate tax savings for the donor.
Charitable Lead Trust
CLT’s allow the donor to provide income to Thorncroft for a specified number of years then the remainder is returned to the donor or their beneficiaries.
Charitable Remainder Trust
The donor irrevocably provides cash or equities to trust, and when this trust is no longer needed by the donor, the remainder of the trust is transferred to Thorncroft.