Now: Outright Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Cash

An outright gift of cash enabling the largest deduction from your taxable income.

  • Immediate benefit to Grace Community Church
  • Minimize gift planning
  • Full charitable deduction
  • Maximize deduction
$1 Easy Your discretion
Securities An outright gift made by transferring securities to Grace Community Church, potentially enabling both a tax deduction for the gift and avoidance of capital gains taxes.
  • Generous support for Grace Community Church
  • Avoid capital gains
  • Remove asset from estate
  • Maximize deduction
$1 Easy to Moderate To make the transfer, contact:

  1. Your financial advisor
  2. Grace Community Church

    GraceBocaFoundation@gmail.com

Real Estate A gift of real estate may be deeded outright to Grace Community Church. The irrevocable gift of property may provide an immediate tax deduction. Further considerations...
  • Generous support for Grace Community Church
  • Income tax deduction
  • Avoid capital gains
  • Removal of sizeable asset from estate
Any Complex
(Months)
Gather your team:

Retained Life Estate Retained life estate provides for a gift of your property now but retains for you the right to live in and use the property for the lives of you and your survivor. Any Complex
(Months)
Gather your team:

Back to Planned Giving Options >

Income: Gifts That Pay Back

Gift Type Summary Goals Minimum Difficulty Next Step
Charitable Gift Annuity

An irrevocable gift of cash or securities where you receive a predictable fixed income for life.

At termination, Grace Community Church receives the residual value of the annuity.

Rates: Single Life / Two Lives

Example Diagram: How it Works

  • Significant support for Grace Community Church
  • Predictable Income
  • Simple contract; no donor fee
  • Immediate income deduction for a portion of the gift
  • Income treated as part ordinary income, part capital gains income (15%), part tax-free
$2,000 Easy to Moderate Go to the Presbyterian Foundation's Gift Calculator

Consult with:

  • Professional Advisors
Charitable Remainder Trust

An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust's termination, the trust assets become a generous gift to Grace Community Church.

At termination, Grace Community Church receives the residual value of the annuity.

Example Diagram: How it Works

Unitrust vs. Annuity Trust: What's the difference?

  • Significant support Grace Community Church
  • Potentially increase income
  • Charitable income tax deducation for a portion of the value of the gift
  • Diversify source(s) of income
  • Reduce estate size (and tax)
$50,000
varies
Complex
Wks-Months
Go to the Presbyterian Foundation's Gift Calculator

Consult with:

  • Professional Advisors
Charitable Lead Trust The lead trust's income payments are distributed to Grace Community Church for a set period of years, after which the assets are transferred back to the grantor (or whomever the grantor has named as beneficiary).
  • Generous support for Grace Community Church now
  • Removal of asset from estate
  • Assets to heirs with little or no tax
  • No deduction
$100,000
varies
Complex
Wks-Months
Go to the Presbyterian Foundation's Gift Calculator

Consult with:

  • Professional Advisors
Back to Planned Giving Options >

Later: Estate Gifts

Gift Type Summary Goals Minimum Difficulty Next Step
Bequests by Will

A gift to Grace Community Church through your will (or revocable trust) enables you to retain the asset during your life and provide significant support when you no longer require the asset. You may choose a specific value, percentage or the residual value.

Let Grace Community Church know.

  • No immediate cost
  • You retain the asset and its use
  • May change at any time
  • Leave a specific amount or percent
  • Federal estate tax exempt
  • Significant support for Grace Community Church
Any
Amount or percent
Easy Make Will or Add Codicil

Communicate with Organization:
Grace Community Church

GraceBocaFoundation@gmail.com

Obituary Memorial Donations Requesting donations to Grace Community Church in your obituary is a meaningful way to express your charitable wishes to your loved ones after your lifetime. Encouraging obituary memorial donations to Grace Community Church is a thoughtful way to further your legacy at the foundation. Your loved ones may request that the memorial donations be used for a particular purpose close to your heart or be used where the need is the greatest by the foundation at the time.
  • Immediate support for Grace Community Church.
  • Allows you to share your charitable commitment to Grace Community Church with your loved ones and friends.
$1 Easy Note your wishes that memorial gifts be left to Grace Community Church in your Estate Planning materials.
Retirement Assets In some cases, retirement plans can be the best asset for a donor to leave to Grace Community Church. Retirement assets can be taxed up to 70% upon inheritance. Naming Grace Community Church as the beneficiary can avoid that taxation as assets can pass tax free to charitable organizations. You may reserve to bequest lower taxed assets for your heirs.
  • Significant support for Grace Community Church
  • No estate or income taxes for Grace Community Church.
  • Leaves other more favorably taxed assets to heirs.
Any
Amount or Percent
Easy Beneficiary Designation Form
from your plan administrator

Your advisor can help decide if this fits with your overall estate plan
Beneficiary Designations

Designate Grace Community Church as a beneficiary of an account or policy. This is a simple and inexpensive way to remember Grace Community Church in the future. Consider:

INVESTMENT ACCOUNTS
"TOD" or "Transfer on Death": At death this designation immediately moves covered investment securities to a new owner - [nickanme] if you wish.*

BANK ACCOUNTS
"POD" or "Payable on Death": transfers bank account assets to the POD beneficiary. You may wish to consider a bank account not needed by heirs - to benefit Grace Community Church.*

LIFE INSURANCE
If your insurance policy is no longer needed, you could simply change Grace Community Church to be the primary of the existing policy. If your loved ones still need the security of the policy, consider listing Grace Community Church as a contingent beneficiary.*

  • Retain complete control of the asset during your life.
  • Change the designation any time.
  • Beneficiary designations can be primary, secondary, congtingent.
  • Meaningful support for Grace Community Church.
$1 Easy Beneficiary Designation Form
from your Insurance or Financial Institution

* Check with your advisor to ensure that this fits with your overall estate plan
Back to Planned Giving Options >