Girl Scout Council of Greater Minneapolis




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		Planned Giving Opportunities Interested in boosting your income, cutting taxes and ensuring that future generations of girls will grow strong in Girl Scouting? Consider a planned gift to Girl Scout Council of Greater Minneapolis. A planned gift, as its name suggests, requires planning. The term often refers to the donation of cash or other property in exchange for an income, usually provided after the asset is put into a charitable trust. At some point, not necessarily immediately, the charitable organization you choose receives the asset. Planned gifts are often assumed to be deferred gifts. In other words, the donor parts with the asset today to receive the income and tax benefits, while the actual gift of the asset donated is deferred for a period of time, often the lifetime of the donor. The use of planned giving techniques has grown dramatically in recent years, benefiting thousands of charitable organizations, such as ours. Each type of planned gift carries its own complexities, which are best negotiated by your attorney, accountant or other professional advisor. To learn more about planned gifts and their advantages, click on the following: Make a Bequest - Planned Gifts That Pay Lifetime Income Pooled Income Fund (PIF) Charitable Remainder Trust (CRT) Charitable Gift Annuity (CGA) Bequests A bequest lets you balance philanthropic goals with concerns that you may have about living expenses, future medical costs, and loved ones. Since you are not actually making a gift today and giving the asset away irrevocably, you need not worry that you won't have enough to live on sometime in the future should you need the asset after all. A bequest allows you the flexibility to use the asset if you need it. But at the same time, you become a part of our giving community by promising a gift to us in the future. Advantages to the Donor: A bequest is deductible for federal estate tax purposes, and there is no limit on the amount of the estate tax charitable deduction your estate can take. In addition, bequests generally are not subject to state inheritance or estate taxes. In a large estate, where the assets are often subject to federal estate taxes of 55%, the savings can be more than half the value of the bequest. Pooled Income Fund (PIF) This is a trust similar to a mutual fund. Gifts of cash or marketable securities are donated to a fund and managed as commingled assets. The income beneficiary(ies) is assigned units and income earned by the fund that is paid out quarterly on a pro-rata basis. Upon the death of the income beneficiary(ies), the principal is paid to GSCGM. Advantages to the donor: It costs nothing to set up a Pooled Income Fund. Relatively small amounts can be contributed (minimum gift of $5,000) You and your named beneficiaries will receive variable income payments for life. Although payments are usually modest in the case of PIFs, they usually exceed dividend payments on most publicly traded securities. You avoid capital gains taxes on any appreciated securities you contribute. The assets you contribute are no longer a part of your estate, reducing your estate tax liability. You are eligible to receive a charitable income tax deduction for the portion of your gift in the year you make it, with five additional years to take any unused deductions. G.S.U.S.A. assumes all costs of the fund-there are not costs to the donor. Charitable Remainder Trust (CRT) You place assets into a trust which you receive a life income at a fixed amount. After your lifetime, and the lifetime of the surviving beneficiary, if desired, the trust remainder goes to the GSCGM. Advantages to a donor: You avoid all capital gains tax on any appreciated assets that you contribute to a CRT. You receive a charitable income tax deduction in the year you make your gift, with an additional five years to carry over any unused deduction. You and/or your designated beneficiaries can receive income for life, or for any term of years you specify up to 20. You can add to your CRT at any time (unitrusts only) Any assets you contribute to a CRT are removed from your estate, reducing your estate tax liability. Charitable Gift Annuity (CGA) Charitable Gift Annuities are irrevocable agreements between a donor and nonprofit organization designed to pay a designated annuitant a fixed and guaranteed annuity payment for life in exchange for a gift, usually of cash or marketable securities. Advantages to the donor: It costs nothing to set up a CGA. Relatively small amounts can be contributed to a CGA. Your income payments are fixed and guaranteed by the assets of GSUSA. CGAs pay relatively high rates. Currently, rates go as high as 12%. You will be entitled to take a charitable income tax deduction for the gift portion of your annuity in the year you make your gift, with up to five additional years to take any unused deduction. By electing an annuity rate lower than that designated by the American Council on Gift Annuities, you can increase both your charitable tax deduction and your ultimate gift to GSCGM. You will pay capital gains tax only on the projected income benefit from your gift. If you name yourself as an income beneficiary, your reduced capital gains tax liability will also be spread out over the life of the contract.

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Planned Giving Opportunities