Options to Consider When Making Escondido Creek Conservancy Part of Your Philanthropic Planning
by The San Diego Foundation
Your charitable support of The Escondido Creek Conservancy is critical to achieving our goal of protecting Escondido Creek and its wonderful watershed. The Escondido Creek Conservancy is supported through a series of endowed and non-endowment funds at the San Diego Foundation. Your gift to support our valuable watershed may take many forms and can be a valuable addition to your estate plan.
Gifts in Your Will
You can name The Escondido Creek Conservancy Fund at The San Diego Foundation in your will, making us a direct or contingent beneficiary of:
- A Specific Sum
- A Percentage of the Estate
- The Residue of the Estate
If you have an existing will, you need not create a new one. Have your attorney add a codicil including The Escondido Creek Conservancy Fund at The San Diego Foundation.
Gifts in a Retirement Plan
The tax consequences of transferring remaining assets in qualified plans to anyone other than your spouse can be extremely severe. It is possible that more than 80 cents per $1 may be consumed in taxes.
If you make The Escondido Creek Conservancy Fund at The San Diego Foundation the successor beneficiary of your spouse in the plan, we will receive the remaining assets. The size of your estate is reduced and your family receives a larger legacy.
Outright Gifts
While gifts of cash are most welcome, giving appreciated stock results in more benefits for you. Not only do you receive an income tax charitable deduction, but a bypass of the capital gains as well.
Example:
The stock that cost you $5,000 ten years ago is now valued at $10,000. Giving that stock to The San Diego Foundation designated for the Escondido Creek Conservancy Fund is deductible at $10,000 and you pay no tax on the $5,000 gain.
Gifts at No Current Cost
You may make some gifts without experiencing any change in your lifestyle. For example, you can make The Escondido Creek Conservancy Fund at The San Diego Foundation a beneficiary in your
- Will
- Retirement Plan
- Living Trust
Gifts That Return Income
You may make a gift, receive a tax deduction, a bypass of capital gains, estate tax benefits and an income with a gift to:
- Charitable Remainder Unitrust
- Charitable Remainder Annuity Trust
- Pooled Income Fund
The income may be for your lifetime, yours and your spouse, or someone you designate. The income may also be for a term of years (20 maximum).
Customized Illustrations
Flow charts, etc. can be prepared for you, using gift amounts that you propose.
Gifts That Transfer Wealth
You may make a gift and pass assets to your family with greatly reduced estate and gift taxes by using a:
- Charitable Lead Trust
Assets are transferred to a trust that pays income to The Foundation for a term of years. The assets then pass to you or your family.
Gifts With Your Home
You may make a gift, receive a tax deduction and continue to live in your home with a:
- Life Estate Reserved
You deed your home to Escondido Creek Conservancy Fund at The San Diego Foundation with an agreement that you reside in your home, continue to maintain it, pay property taxes, etc. The Foundation does not assume total ownership until after your lifetime. In this arrangement you receive an income tax deduction.
For more information contact the TECC office for a referral to a qualified planned giving consultant