We at the Tribute Foundation believe that if you’re going to give, you should give wisely. You should give in a way that helps protect your family; give in a way that ensures your values will live on through the institutions you trust; and give in a way that helps you achieve your own financial and estate goals.
Planned giving or gift planning are terms often used by lawyers, financial advisers and charities. It is the process of strategically integrating your charitable-giving plans into your financial, tax and estate plans. It is a process that allows you to make donations in ways that not only benefit the charities you value, but also helps achieve your personal financial goals.
Planned giving is a win-win strategy
A planned gift to the NYS Tribute Foundation can help improve your future and ensure ours as well. The easiest and quickest way to make a planned gift is through a bequest in your will. Your bequest to the NYS Tribute Foundation will also “give” you:
A significant contribution without affecting your current income or assets
A reduction or elimination of your federal estate taxes
A guarantee that your values and belief in the funeral service industry will live on.
How can it work for you?
Done correctly, planned giving can help you minimize your taxes and maximize your income and assets. For many, planned giving is a way to reduce or even eliminate tax liabilities (income, capital gains, or estate taxes). For some, a planned gift means you can make a larger donation than you could otherwise afford during your lifetime. For others, a planned gift might even provide an income stream or a higher investment yield. But for everyone, planned giving is a way to achieve your philanthropic goals in a way that also benefits you and your loved ones. Of course, your own financial needs and those of your family come first. With planned giving, everyone wins because you provide for your needs now and the needs of Tribute in the future.
Tribute’s Charitable Gift Planning Guide will facilitate your understanding of the basics of planned giving and how this strategic-giving process can assist you in achieving both your philanthropic and financial goals. It will help you explore the many possibilities for creative planned giving and develop a plan that blends your philanthropic goals and desires with your financial needs and tax planning.
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Your tax adviser can provide more information about these and other charitable-giving strategies and can help you determine which methods are most appropriate for your situation. The Tribute Foundation recommends that you consult with independent tax, financial, and legal advisers before making any planned gift.
For more information about the Premier Society Planned-Giving Program please call 800.291.2629 or email firstname.lastname@example.org.