A tremendous way to leave a legacy for future generations, planned giving can be much more than end-of-life gifts. It also encompasses a variety of ways to invest in Camptown kids using accumulated resources. Although planned giving often involves financial or estate planning, it’s not reserved for the wealthy. Planned gifts can be gifts of today or gifts of tomorrow. Please see below for more information on planned giving options. If you decide to make a planned gift to Camptown, please contact firstname.lastname@example.org.
Donor Advised Funds (DAFs)
A tax-efficient way to be philanthropic, Donor Advised Funds are the fastest growing giving method. They allow the donor to make a contribution, receive an immediate tax benefit, and then disburse to charitable organizations over time.
Cash Gifts or Personal Property
Gifts of cash (made by check, credit card, or ACH) are used to help fund daily operations at Camptown. You may also donate assets (jewelry, automobiles, paintings, and antiques) as immediate gifts.
Many donors use stocks, bonds, or mutual funds to make gifts. If they have increased in value there can be significant tax advantages. Your income tax deduction is usually based on the full market value of the securities on the date of the transfer. Gifts of stock, bonds, or mutual funds can be made through our brokerage account with Fidelity Investments. For more information please contact email@example.com or 317-471-8277.
Remainders from Qualified Retirement Plans
Retirement funds are an increasingly valuable asset to many people—an asset often overlooked as a source of charitable gifts. Giving from an IRA, a 401K, or 403B plan can provide you with tax advantages. Since the money that has accumulated in these plans may have never been taxed, the IRS levies taxes on any distribution, unless that distribution is to a charity. Your retirement fund could be subject to this income tax, plus estate taxes, considerably diminishing its value before being passed on to your heirs. By naming Camptown as beneficiary of the remaining retirement fund assets, you can avoid this pitfall. Give other assets to family members and other heirs. To name Camptown as a beneficiary of your IRA a “Change of Beneficiary” form must be obtained through your plan administrator.
Gifts Through Wills
A bequest is the simplest and most common planned gift. It can be an outright monetary bequest, a percentage of your estate, a percentage of the “rest, residue, and remainder” of your estate after a number of other bequests have been fulfilled, or a specific asset such as personal or real property. It could also be a contingent bequest, to be exercised only if some other intention is unable to be fulfilled (such as a named heir predeceasing you). You can also make charitable gifts through the use of a codicil to your will, or refer to an instruction letter in the will itself. The instruction letter can be changed from time to time without the trouble and expense of rewriting the will. You can have charitable bequests given for general purposes or to support specific programs at Camptown. Bequests should be made out to “Camptown, Inc., 7998 Georgetown Road, Suite 700, Indianapolis, IN 46268”. To add Camptown to your will, contact your attorney.
Gifts through Insurance
You may find that you have some life insurance that you no longer need. “Whole” or “universal” life insurance has cash value and can be donated to Camptown.
You can purchase a new policy and make Camptown the owner and/or beneficiary of the policy. This enables you to “leverage” your gift, ultimately making a much larger gift than otherwise possible. Contributions to Camptown to pay the ongoing premiums may be tax deductible. You can make Camptown the owner and/or beneficiary of an existing policy. The current value of the policy may be tax deductible, as well as future premium payments. You can make Camptown a contingent beneficiary of an existing policy, or name Camptown to receive the proceeds of the policy if the designated beneficiaries predecease the insured. Contact your insurance agent to help you set up any new policies or make revisions to existing policies.