Your Gift, Your Way
November 15, 2024
By supporting the Snow-Redfern Foundation through a designated scholarship or grant fund, estate or stock gifts, a memorial, or an unrestricted donation, you can accelerate the pace of change. Whatever your means, whatever your goals, we want to make giving as simple and satisfying as possible. Here are four ways to help you put your intentions into action.
Monthly Giving
This popular option enables you to have a tremendous ongoing impact without making a large one-time donation or dealing with recurring donations. We can help you set up automatic deposits.
Planned Giving
When you include Snow-Redfern Foundation in your will or estate plan, your generosity has an impact now and far into the future. Please join us in helping to continue Snow-Redfern Foundation’s legacy of helping countless young people reach their potential through planned gifts.
IRA
Money from an individual retirement account (IRA) can be donated to Snow-Redfern Foundation. What’s more, if you’ve reached the age where you need to take required minimum distributions from your traditional IRAs, you can avoid paying taxes on the money by donating it.
Charitable Remainder Trust
A CRT provides a steady stream of income for you and/or your loved ones and is income that can last for life, or a specific number of years. Upon creating a CRT, you may be entitled to a charitable income tax deduction and when the income stream comes to its scheduled end, the remaining assets in the trust support your favorite nonprofits. CRTs can be funded with a variety of assets, such as cash, stock, real estate, farm equipment and more and gifts often avoid immediate recognition of capital gain.
Appreciated Stock
If you have appreciated stock, the donation you make and the deduction you get may be greater than they would be if you were to sell the shares and donate the cash proceeds instead.
Retirment Assets
For many, our most valuable assets are those held in retirement accounts. Over the past several decades, you’ve likely been putting money away for retirement. You may discover that you’ve saved more than youneed, giving you more to share. Retirement assets can make excellent charitable gifts for both the donor and nonprofits.
Life Insurance
New or existing policies can be donated so that you can make affordable gifts over time in the form of premium payments. The ultimate death benefit is often much larger than the total premiums paid, and ongoing premium payments often result in charitable income tax deductions.
Real Estate
Real estate can be used to create a significant charitable legacy. It is one of the most beneficial charitable gifts for both the donor and the nonprofit. The charitable deduction is based on the fair market value of the real estate on the day of the gift, capital gain is typically avoided when given to a nonprofit, real estate can be used to establish many types of gifts, such as a charitable remainder trust or retained life estate, and many types of real estate can be donated, such as residential, commercial, vacation, agricultural and rental properties.
Please contact us to discuss how you can invest in the good life for kids for generations to come through these giving options. If you need guidance to take the first step, our investment partner, Bridges Trust, can help.