Your philanthropic legacy represents your core values and reflects how you want to be remembered by your friends, family, and community. Having a Planned Giving strategy is a way for you to incorporate charitable giving into the legacy you leave behind while enjoying financial benefits in the present. Unlike cash donations, Planned Gifts are typically made from assets in your estate rather than from disposable income, and come to fruition upon your death. A misconception is that planned giving is only for the “wealthy.” The truth is, even people of modest means can make a big difference through planned giving.
If you have stock that has appreciated in value, you may pay no capital gains upon transfer to the Sunshine Kids Foundation and you may receive a tax deduction for the full market value of the donation.
WILLS AND BEQUESTS
Leave a gift of property or assets by naming the Sunshine Kids Foundation as a beneficiary of your will. Or, amend your will with a codicil so it does not have to be re-written.
RETIREMENT PLAN ASSETS
Consider designating Sunshine Kids as a beneficiary of a percentage of your retirement plan assets, or if you are 70 or older, you may be able to take advantage of a simple way to benefit the Sunshine Kids and receive tax benefits in return. Please be sure and check with your tax advisor for specific details.
CHARITABLE REMAINDER ANNUITY TRUST
This trust allows you to receive income each year from the assets placed in the trust. After your lifetime, the trust balance goes to your charities of choice.
By naming the Sunshine Kids Foundation as the beneficiary of a policy, new or existing, you could be able to make a larger gift than you imagined. By transferring policy ownership to the Sunshine Kids, you have the added benefit of a tax credit for the cash surrender value. Your premium becomes tax deductible.
A planned gift to the Sunshine Kids represents a deep personal commitment to the continued success of our mission. Please consider the families of the Sunshine Kids Foundation when making your estate plans.