Charitable Gift Planning Tools

Charitable Gift Annuity

Charitable Remainder Trust

Charitable Lead Trust

Description of Contribution

  1. Assets are donated to PPCF.
  2. PPCF makes fixed payments to that donor. (based on a prescribed actuary table)
  3. Charity keeps any assets upon death of recipient.
  1. Assets are donated to an irrevocable trust.
  2. Trust makes a fixed payment to donor and/or other beneficiary for a fixed time period.
  3. Charity receives any remaining trust assets at end of payment term.
  1. Assets are donated to an irrevocable trust.
  2. Trust makes a fixed payment to charity/ies for a specific time frame.
  3. Donor or other beneficiary(ies) receive any remaining trust property at the end of payment term.

Income /Payment back to donors

Yes. Fixed amount

Yes. Fixed or variable amount

No. Family or donor does receive remaining assets at the end of the charity’s payment term.

Eligible Donors

Any individual

Individual, trust, partnership, estate, or any legal entity

Individual, trust, partnership, estate, or any legal entity

Types of Gifts accepted

Typically Cash or stock

Cash, stock, bonds, mutual funds & other property.

Cash, stock, bonds, mutual funds & other property.

Charitable tax deductions

Deduction for actuarially determined value of gift ultimately passing to charity (subject to certain AGI limits) & same charitable gift tax deduction without AGI limits with a 5 year carry forward.

Deduction for lifetime donation equal to present value of gift ultimately passing to charity (subject to certain AGI limits) & same charitable gift tax deduction without AGI limits with a 5 year carry forward. Deduction for the value of trust assets includible in donor’s estate and passing to charity(ies).

Lifetime donations to some types of Charitable Lead Trusts may provide donor with a charitable income tax deduction equal to the present value of charity’s payment stream (subject to certain AGI limits), with a 5 year carry forward.

Fees

Yes. Administrative and investment management

Yes. Administrative and investment management

Yes. Administrative and investment managementStart

Start up costs

None

Potential Legal fees to create trusts

Potential Legal fees to create trusts

Timing for charity to receive funds

At end of contract (at death of payment recipient.)

At end of specified payment term. (At death of recipient or agreed upon term)

During specified payment term (at least annually) until death or end of specified term

Documents needed

Contract with Foundation

Trust

Trust

Annual Fees

Yes. Administrative and investment management fees. (1- 1.75%/annually)

Potential trustee, investment, management, administration, and tax preparation fees

Potential trustee, investment, management, administration, and tax preparation feesStart

Start up cost

None

Legal fees to create trust.

Legal fees to create trust.