Planned Giving Opportunities
Many people have demonstrated their special commitment to
children by establishing life income arrangements or by including the JELF in
their wills and estate plans.
Whether you wish to pass assets to your heirs, reduce income taxes, avoid
capital gains, or simply turn a modest contribution into an extraordinary one,
the John E. Lewy Foundation for Children's Health Endowment can provide an
opportunity that is right for you.
BEQUESTS
By contributing cash, or securities through a will, the donor receives the
following benefits:
-
the avoidance of estate taxes
-
and probate for the contribution;
-
and the flexibility to alter the will
according to changing needs and circumstances.
TRUSTS
Charitable Remainder Trust
By irrevocably transferring assets to a trust and naming the Foundation as the
trust's beneficiary, the donor receives the following benefits:
- annual income payment for life, which can be either a fixed amount (annuity
trust) or a variable amount tied to a percentage of the annual fair market value
of the trust's assets (unitrust);
- freedom to determine, at the time the trust is established, the amount of income
to be received (although this amount may not be less than 5% of the trust's fair
market value);
- an immediate partial charitable tax deduction;
the avoidance of estate taxes and probate; and
- minimization of taxes on assets transferred to heirs.
Charitable Lead Trust
The donor establishes a trust through which a fixed or variable contribution is
made to the Foundation for either (1) a predetermined number of years, (2) the
life of the donor, or (3) a combination of both. Upon completion of this term,
the trust reverts to the donor or to another designated party or heir. The donor
receives the following benefits:
- avoidance of taxes on trust income paid to the Foundation;
- minimization of taxes on assets transferred to heirs; and
- partial gift and estate tax deductions.
INSURANCE
Donor-Owned Policy
By retaining ownership of a life insurance contract and naming the JELF as the
primary or contingent beneficiary, the donor receives the following benefit:
- the avoidance of estate taxes and probate for the contribution.
JELF-Owned Policy
By contributing a life insurance contract naming the JELF as the owner and
primary beneficiary, the donor receives the following benefits:
- (1) a current income tax deduction on the current fair value of an existing,
paid up policy or (2) an annual charitable income tax deduction for premium
payments on a new policy;
- the avoidance of estate taxes and probate for the contribution; and
- the transformation of a generous contribution into a major gift
DONATIONS OF PROPERTY
By donating non-cash assets to the Foundation, the donor receives the following
benefits:
- a charitable tax deduction equal to the fair market value of
the donation; and
- the avoidance of capital gains taxes on appreciated assets.
This publication is prepared for our
donors and friends for educational purposes only. It presents general principles
of tax planning which can change without notice. Please consult your own
qualified professional advisor(s) regarding the applicability of any option to
your personal needs and financial and charitable goals.
The John E. Lewy Foundation for Children's Health is a 501(c)(3) not-for-profit
organization. Contributions are tax-deductible as allowed by law.
For more information, contact:
John E. Lewy Foundation for Children's Health
3400 Research Forest Drive, Suite B7
The Woodlands, Texas 77381
Phone: 281-419-0052
Fax: 281-419-0082
E-mail: info@aspneph.com
