COMMON PLANNED GIFTS

 

Bequests

A provision or bequest in your will allows you to make a substantial contribution without diminishing assets available to you during your lifetime. Since bequests are deductible from your taxable estate, estate tax savings are possible.

 

Retirement Plans

Naming Tracy Area Education Foundation or a partner fund as beneficiary of your retirement plan account(s) avoids income tax. IRA assets often make the best charitable gift because of the tax savings that can be accomplished.

 

Charitable Trusts

You can support SWIF with a charitable trust using one of two types. A remainder trust will provide you and/or a loved one an annual income, then distribute the corpus of the trust to Tracy Area Education Foundation upon your passing. A portion of your gift qualifies for a tax deduction, as calculated with IRS tables.