Would you like to make a gift to the Nuclear Age Peace Foundation,
but need to retain an income for life?
Could you use an income tax deduction right now?
Are you planning your estate to reduce probate costs and estate taxes?
Here are some of the most commonly used vehicles
for making a planned gift. We recommend that you consult your
attorney, tax advisor and financial planner for assistance.
The easiest way to provide a planned gift to support the Nuclear Age Peace
Foundation is to include a bequest
in your will or trust. You can do this by either drafting a new will or adding a codicil to an existing will.
Through a bequest, you can make a substantial gift to the Nuclear Age Peace Foundation, without depleting current assets.
You can designate your gift to support a particular program.
You can establish a named endowment fund in your own name or to honor someone of your choosing.
Charitable Remainder Trusts
pay a variable rate of return based on the principal of the trust
as valued annually. A payout rate is determined on the date the
gift is made. If the assets are wisely invested and principal
value of the trust goes up, the payout amount goes up too (and
vice versa). You can make additional contributions to a unitrust
in later years. If you fund a unitrust with appreciated assets,
you avoid immediate capital gains taxes, even though you are
retaining the income for life. You receive a charitable deduction
in the year you create the unitrust. The amount of the deduction
is based on several factors including the chosen payout rate
and the ages of the income recipients.
Charitable Remainder Annuity Trusts
pay a fixed dollar amount to the designated income recipients
based on a percentage of the initial contribution, chosen on
the date the trust is established. Once the payout is established
it remains the same each year. Appreciated assets contributed
to an annuity trust avoid immediate capital gains taxes. As with
unitrusts, you receive a charitable deduction in the year you
create the trust.
Upon the death of the income recipients designated
in both the above trusts, the remainder of the principal goes
to the Nuclear Age Peace Foundation, and can be used as the donor
designates to create a named endowment fund in the donor’s
honor, fund a particular program or to support the educational
work of the Nuclear Age Peace Foundation.
Charitable Gift Annuities
A gift annuity is a contract
between you and the Santa Barbara Foundation (acting as “agent” for
the Nuclear Age Peace Foundation). You make a gift and the Santa
Barbara Foundation agrees to pay you or a designated beneficiary a fixed income
The minimum amount for a gift annuity is $25,000.
You receive a charitable income tax deduction in the year the gift is made.
The gift annuity provides a fixed, secure rate of return
for life. The rate is based on the age of the donor (or designated beneficiary).
A portion of the income the beneficiary receives is tax-free.
Upon the donor’s death, the Nuclear Age Peace Foundation
receives the principal and may use it to endow a named fund or for other uses as directed by the donor.
Charitable Lead Trusts
In a charitable lead trust,
the income is paid to the Nuclear Age Peace Foundation. At a
predetermined time, the trust principal remainder is returned
either to the grantor or to some other beneficiary. This trust
is a creative way to provide a gift right now to the Foundation,
and still use your assets for your future family needs.
If you have a paid-up or partially paid-up
life insurance policy that you no longer need, you can give it
to the Nuclear Age Peace Foundation and receive an immediate
income tax deduction for the cash value of the policy. Or, you
can purchase a new life insurance policy with the Nuclear Age
Peace Foundation as the owner and beneficiary. In this case,
all future premiums are tax-deductible as a charitable contribution.
An attorney’s professional training
is required for the preparation of wills and trusts . These examples
are printed as a public service to provide accurate information
of a general nature only. For specific circumstances, professional
legal and tax advice should always be sought.
For Help Making a Deferred Gift
Debra Roets, Director of Development,
Nuclear Age Peace
1187 Coast Village Road, Suite 1
Santa Barbara, CA 93108-2794
Phone: (805) 965-3443
Fax: (805) 568-0466
The Nuclear Age Peace Foundation in Santa Barbara County is a 501 ( c ) 3 not-for-profit California corporation. All gifts
are deductible to the fullest extent of the law. Our Federal tax ID number is 95-3825265.