Planned giving is much more than just an end of life gift. Planned giving encompasses a variety of ways to create a gift to Camptown using accumulated resources. Although planned giving usually involves financial or estate planning, it is not reserved for the wealthy. Planned giving is for anyone concerned with the wise use of his or her personal resources and provides the opportunity to make a considered choice about their ultimate disposition. Planned giving establishes a way for a donor to provide for family members while supporting charities that have meaning to them. It often enables the donor to provide more for his or her heirs and to make a larger gift than thought possible by reducing taxes.
Planned gifts can be gifts of today (gifts of cash, gifts of personal property, gifts through a donor advised fund, gifts of appreciated stocks, IRA Charitable Rollovers) or gifts of tomorrow (IRA Charitable Remainders, gifts through will, or gifts of insurance). Please see below for more information on planned giving options. If you decide to make a planned gift, please notify us by completing the attached planned giving acknowledgement form.
Planned Giving Acknowledgement Form
Always consult your attorney, accountant, tax adviser, or financial adviser when making a planned gift.
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 are used to help fund the day to day operations of Camptown. Gifts can be one time or made over a period of a year or more. Cash gifts can be made by check, credit card, or ACH. To make a one time or recurring gift use the button below. You may also donate assets such as jewelry, automobiles, paintings, and antiques as immediate gifts. You will need to pay for a bona-fide appraisal of the item by a qualified appraiser.
Stock 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. You can usually avoid paying capital gains taxes that would have been due if securities had been sold. Gifts of stock, bonds, or mutual funds can be made to Camptown through our brokerage account with Fidelity Investments. For more information please contact Brent Freeman at brent.freeman@camptown.org 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.
IRA Charitable Rollover
The IRA Charitable Rollover permits a direct tax-free rollover of a gift from an IRA to a charitable organization without payment of income taxes if the donor is age 70 1/2 at the time of rollover. No income tax charitable deduction is available, but income tax liability is avoided on the withdrawal and transfer to a qualified charity. The rollover may count toward the required minimum distribution. The rollover must be transferred directly to the charity. The donor cannot deposit to his/her checking or saving account prior to the gift. Otherwise, the donor will owe income tax on the IRA withdrawal. A maximum rollover per donor per year is $100,000, however husbands and wives that own separate IRAs may rollover $100,000 each. To make an IRA Charitable Rollover contact your plan administrator and tell them of your intent. You will be required to complete any forms required. Contact Brent Freeman at brent.freeman@camptown.org or 317-471-8277 for transfer information.
Gifts through Wills
A bequest through a will 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.
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