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Planned Giving » Young Audiences of Oregon & SW Washington

Planned Giving

Leave a legacy of creativity with a planned gift

In addition to other personal and philanthropic benefits, charitable giving to Young Audiences can result in tax and other economic benefits for you and your family.  The following is a list of charitable giving opportunities for you to consider:_DSC0127

Bequest

A bequest is a gift to Young Audiences under your Will or Living Trust.  It may be for a specified sum or asset, or for a percentage or all of your estate.  Bequests to Young Audiences are deductible for federal estate and Oregon inheritance tax purposes.

Designation of Retirement Plan

In large-sized estates, retirement fund assets distributed to family members may be “double taxed”—subject to both income and estate taxes.  However, if you name Young Audiences as the designated beneficiary of your retirement plan or IRA, the distribution will be free of estate and income taxes. In order to regain an income stream for an heir, consider designating a charitable remainder trust (see below) as the beneficiary of your retirement plan or IRA.

Life Insurance

If you transfer a life insurance policy on your life to Young Audiences, you may claim an income tax deduction for the lesser of the policy’s cost basis or its cash surrender value.  Any subsequent premium payments you make also will be income tax deductible!

Charitable Remainder Trust

A charitable remainder trust provides for an annual distribution of a fixed dollar amount or a percentage of the trust assets to one or more non-charitable beneficiaries (such as you and/or your family members) for life or for a term of years. At the end of the trust’s term, the remainder of the trust passes to Young Audiences.

When you transfer assets to a charitable remainder trust in favor of Young Audiences, you receive a current income tax deduction based on the actuarial value of the remainder interest of the trust, and you realize no capital gain on the transfer to, or subsequent sale by, the trust of appreciated property. Young Audiences, in appropriate circumstances and upon request, will act as Trustee of charitable remainder trusts of which it is irrevocably designated as the primary charitable remainder beneficiary.

Charitable Lead Trust

A charitable lead trust is essentially the opposite of a charitable remainder trust. A charitable lead trust pays either a fixed amount or a percentage of the trust assets to Young Audiences during the term of the trust, with the remainder of the trust returning to the donor or passing to the donor’s beneficiaries (typically, children or grandchildren) at the end of the term. The tax benefits of creating a charitable lead trust vary depending upon the type of trust created. most charitable lead trusts of which the donor’s family members are the remainder beneficiaries generate a gift or estate tax charitable deduction for the charity’s income interest, and, therefore, reduce the gift or estate tax on property that will eventually pass to those heirs.

Young Audiences, in appropriate circumstances and upon request, will act as Trustee of charitable lead trusts of which it is the charitable beneficiary.

Are you ready to leave a legacy of creativity?

Please consult your professional adviser to learn more about these giving strategies and which one is right for you.

Alternatively, you may contact Catherine Hayes, Development Director of Young Audiences of Oregon & SW Washington to receive more information about planned giving.

Phone: 503-225-5900 ext 233
E-mail: Catherine@ya-or.org