This summary gives you a brief overview of what is considered a Planned Gift and how to use them to benefit your estate and the Great Alaska Council.
Donations by Planned Gifts can be made using:
1. Appreciated stocks, bonds, mutual funds or real estate property. By giving shares of appreciated stocks, bonds, mutual funds or real estate to the Great Alaska Council your tax deductible gift can also reduce or eliminate capital gains taxes.
2. Insurance Policy, IRA or Retirement Plan Beneficiary. If your current beneficiaries no longer apply, designate the policies, accounts or funds to the Great Alaska Council. If the Council owns the policy or account, it then is not included in your total Estate that is subject to inheritance taxes.
3. Charitable Remainder or Lead Trusts. You can use cash or appreciated stocks or property to fund Trusts that will provide a designated income source for you and/or your loved ones. Trusts can be structured for either an immediate or deferred pay out to you or your beneficiaries over a number of years. The Great Alaska Council then receives either the balance of the trust or initial payments upon completion of the Trust.
4. Charitable Bequest in your Will. You may name the Great Alaska Council, or one of our specific programs to receive a bequest through your Will. This positively affects the inheritance taxes on your estate. You can choose to state a specific gift amount, provide a percentage, or assign the remainder of your estate.
Using one of the Planned Giving options listed above may positively impact your current taxes; reduce potential capital gains or inheritance taxes. In structuring all Planned Gifts it is important for you to consult your legal/financial advisor on its deductibility or impact on your particular financial situation.