Planned giving is the process of donating planned gifts. A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or trust, planned gifts are most often granted once the donor has passed away. It enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income. Careful estate planning can help you, your loved ones and the New Jersey Festival Orchestra all at the same time!
There are many ways to create your legacy. You should carefully consider what to give, when to give, and how best to give when setting up your estate plan.
Gift Types | Benefits to You
Bequest | Reduce estate and death taxes, while retaining control of your assets during your lifetime.
Stock | Claim a federal income tax deduction for the full, appreciated value of your securities.
Life Insurance | Make a gift through income instead of capital, and you avoid an estate tax.
Retirement Plan | Continue to draw from the funds during your lifetime, while avoiding estate tax.
Charitable Gift Annuity | Receive lifetime income and an immediate charitable income tax deduction.
Charitable Remainder Trust | Receive a lifetime income, or a fixed time income, and a charitable income tax deduction for a portion of your gift.
Charitable Lead Trust | Pass assets, such as a family business, onto your heirs with a reduced tax liability by making the NJFO a beneficiary.
To make a gift or request further information please contact NJFO Board President Keith Hertell at 908-232 9400.