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Charitable Gift Annuity
When you open your heart and transfer a gift of cash or property to the American
Camp Association to safeguard the future of the camp experience for thousands
of children, the ACA can execute an annuity agreement promising to pay you
or your desired designee an annuity for life. The amount of each annuity payment
is based on the value of the property transferred and the annuity rate.
Benefits:
- Receive an annual income for life.
- Qualify for gift tax annual exclusion.
- Receive an immediate income tax deduction
of the value of your donation minus the
present value of the annuity payments.
Deferred Payment Gift Annuity
When you give cash or securities, an annuity
can be paid at a later date. This is
particularly beneficial if you do not
presently need significant income from
the gift.
Benefits:
- Deferred payment gift annuities mean
a higher payout when the payments start.
- Receive a larger income tax deduction
the year the annuity is established.
Charitable Remainder Trust
As an estate owner, you can retain the
right to the income but transfer rights
in the remainder to a trust. It may be
either an annuity trust, paying a fixed
amount of the initial fair market value
of the assets, or a unitrust, which pays
a percentage of the assets valued annually.
- Maintain personal income deferring
a gift to another non-charitable beneficiary.
- Create an immediate charitable income
tax deduction for the value of the remainder
interest passing to the ACA at the end
of the trust's term.
- You assume fiduciary responsibilities
over the contributed property.
- You can sell highly appreciated securities
without incurring capital gains tax,
which produces higher immediate income
for you.
Naming ACA as the Beneficiary of Life
Insurance
You can leave a lasting legacy by naming
the ACA as sole or partial beneficiary
of your life insurance policies.
Benefits:
- The amount of the death benefit contributed
is deductible from estate and inheritance
taxes at death.
Transfer on Death Account
This type of account is beneficial when
you want to retain your finances during
your lifetime but wish to donate a gift
upon your passing. Upon your death, remaining
funds will pass to the ACA without any
probate delays.
Benefits:
- You retain ownership and access to
your assets for your entire lifetime.
- Inheritance and estate tax deductions
will apply.
Distribution Instructions
of Will or "Living" Trust
You can choose to assign a trustee to oversee
transfer of property to the ACA upon
your death. This ensures transfer is
made according to your wishes.
Benefits:
- The trust legally owns the assets so
they are not subject to probate.
- Funds donated are deductible for estate
tax purposes but not income tax purposes.
Gifting a Life Insurance
Policy — Receive
an Income Tax Deduction
You may choose to make an irrevocable assignment
of your life insurance policy to the ACA,
entitling you to an immediate income tax
deduction for either the policy's
fair market value or the net premiums paid,
whichever is less. Contributions to pay
subsequent premiums will result in additional
income tax deductions.
Benefits:
- Inheritance and estate tax deductions
will apply to both the gift and subsequent
premiums paid.
Memorial Gifts
You can honor a loved one
or a camp special to you through a donation
in their name to the ACA. Memorial gifts
are dedicated to support the ACA's
mission. Memorial gifts of less than $10,000
go to the Kruger
Endowment fund.
For more information on how you can help change a child's life, contact contribute@ACAcamps.org or 765-342-8456, ext. 508.
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