The Catholic Community Foundation of Northeast Indiana (CCFNEI) raises, manages and distributes God’s gifts to donor directed ministries. The following are examples of the various gift methods that can be directed through CCFNEI.
Type of Gift
|
Form of Gift
|
Benefit to you
|
| Outright Gift |
|
- Immediate income tax deduction
- No capital gains tax on appreciated gifts
|
| Bequest |
- Specific monetary or personal gift
- Percentage of estate
- Remainder of estate
|
- Potential estate tax deduction
- Leaving a Catholic legacy"
|
| Retirement Plan / IRA |
- Name CCFNEI as the Plan/IRA beneficiary
|
- Estate and income tax savings
- Opportunity to make a major gift
|
| Qualified Charitable Distribution (QCD) |
- Donation made directly from IRA to CCFNEI
|
- QCD counts toward your RMDs
- Lower taxable income
|
| Insurance Policies |
- Name CCFNEI as the policy owner and/or the beneficiary
|
- Opportunity to make a substantial future gift
- Income tax deduction for the value of the policy
- Premium payments may be deducted as gifts"
|
| Transfer / Payable on Death (TOD / POD) |
- Name CCFNEI as the beneficiary of the bank account or brokerage account
|
- Assets avoid probate
- Total control of the account during your life
|
| Charitable Lead Trusts or Charitable Remainder Trusts |
- Cash
- Stock/Securities
- Real Estate
|
- Allows variable or fixed income
- May qualify for income tax deduction
- May reduce estate taxes
- No capital gains tax on appreciated gifts"
|
This material is for informational purposes only and a tax professional should be consulted prior to making any charitable consideration.
