Start planning now to
build your legacy.
In at least one way, leaving a lasting legacy is like anything else: thoughtful planning vastly improves your results.
CICF offers a variety of planned giving options that can help secure your legacy while providing financial, tax, and estate benefits to you and your family in the meantime. Our philanthropic advisors will put a plan in place that provides the financial results you seek today, while ensuring your charitable goals are met tomorrow. Among the vehicles we offer are:
Charitable Gift Annuities
The big benefit: Allows you to support CICF or one of its funds, and receive steady payments during your retirement years.
How it works: You agree to make a donation of cash, stocks, or other assets to CICF or one of its funds. In return, you (and someone else, if you choose) receive a fixed amount each year for the rest of your lifetime.
Charitable Remainder Trusts
The big benefit: You (or other named individuals) can receive income each year for life, or a period not exceeding 20 years, from assets you give to your trust.
How it works: There are two types of charitable remainder trusts. The annuity trust pays you a fixed dollar amount each year. The unitrust pays you a variable amount based on a fixed percentage of the fair market value of the trust assets.
Memorial & Honorary Gifts
The big benefit: While you may feel reluctant to condition your gift upon personal recognition, using your name (or the name of a loved one) can inspire others and further a cause that’s important to you.
How it works: Give an outright gift (which can help fund immediate needs or an upcoming project) or include a bequest in your will or living trust stating that a specific asset, certain dollar amount, or a percentage of your estate will pass to us at your death in honor of your loved one. In either case, you can endow your gift so the fund will support our mission in perpetuity.
Charitable Lead Trust
The big benefit:It allows you to benefit from the tax savings that come with supporting CICF or one of its funds without giving up any assets that you’d like to leave to your family in the future.
How it works: You give assets to a trust that pays CICF or one of its funds an income for a number of years (whichever you choose). When the term is up, the remaining trust assets go to you, your family, or other beneficiaries of your choosing.
The big benefit: If you want to stay involved in advising on the use of your gifts, a Personal Foundation (also known as a donor advised fund) offers participation without being as restrictive or as expensive to operate as a private foundation.
How it works: You open the fund by creating a written agreement between yourself and a not-for-profit organization. The sponsoring organization handles the legal and administrative work, giving you the right to recommend how grants are made.
The big benefit: With just a few sentences in your will or trust, you can give a gift that kicks in after your lifetime. And since it doesn’t go into effect until then, you can change your mind at any time.
How it works: Leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to CICF. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction.
The big benefit: You can use your retirement plan, life insurance, or insurance annuity assets to support the causes you care about after your lifetime.
How it works: Most assets can pass to your beneficiaries by the terms of your will. Other assets, such as retirement plans, life insurance, and insurance annuities, are not controlled by the terms of your will, and require separate beneficiary forms.
The big benefit: Through an endowed gift, you can use your retirement plan, life insurance, or insurance annuity assets to support the causes you care about after your lifetime.
How it works: Your endowed gift is invested with and becomes part of our endowment, and an annual distribution is made for the purpose you designate. You can give cash, securities, or other assets to an endowment you create.
Give My Home, But Live There For Life
The big benefit: If you’d love to make a major gift to CICF or one of its funds but don’t have the means to do it today, you can do it through a charitable giving arrangement called a retained life estate.
How it works: You deed a personal residence or farm to CICF or one of its funds today, while retaining the right to occupy the home for life. After your lifetime—and the lifetime of your spouse or another person you choose to retain rights to live in the home—we take possession of the property.