Planned Giving

If you are interested in deferred giving, HCF can help you plan and establish a standard fund agreement.

This agreement establishes the best type of fund for the charitable causes you wish to support.

 

Simple Bequests: Donors who leave a bequest to charity can take an estate tax deduction of 100 percent of the gift's value. Your bequest can be stated as a set amount of cash, securities, or other assets; or as the “residue” or a “percentage of the residue” of the estate. The bequest can also be contingent.  Please see our sample Bequest Language

 

Charitable Remainder Trusts (CRT): You can transfer assets to a charitable remainder trust that provides a specified distribution percentage to one or more (income) beneficiaries for life, or a term of years, with the remainder interest paid to charity. There are two kinds of CRTs:

 

Charitable Remainder Unitrust (CRUT): a CRUT requires annual revaluation of the trust assets — which typically changes the value of the unitrust payment — and allows donors to make additional gifts to the trust.

 

Charitable Remainder Annuity Trust (CRAT):  the income beneficiary of a CRAT receives a fixed amount that is determined when the trust is established.  A CRAT does not allow donors to make additional gifts to the trust.

 

Charitable Lead Trusts: A donor may transfer assets to a charitable lead trust. A charity is the income or “lead” beneficiary for a lifetime or term of years, after which the remaining assets are distributed to the donor or other beneficiaries.

 

Gift Annuities: In return for a donation of cash or other assets, the charity agrees to pay the donor — and/or someone designated by the donor — a fixed payment for life. The donor can claim an immediate charitable tax deduction for the amount of transfer above the value of the annuity purchase.  If a donor funds a gift annuity with long-term capital gain property — e.g., with appreciated stock — the donor will report only some of the gain, and may be able to report it in installments over many years. Donors may establish a deferred charitable gift annuity and defer receiving income from the gift annuity for a period of years.

 

HCF will consider issuing gift annuity contracts for annuities originating in Oregon that meet these guidelines:

  • Minimum age of the annuitant is 60 (55 for deferred gift annuities
  • Annuity rate does not exceed the rate published by the American Council on Gift Annuities
  • Minimum gift amount is $25,000

 

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