| Planned Giving
BCF can help you make a lasting difference in Brookline. There are a variety of options available to you, many of which include significant tax benefits for you and your beneficiaries.
Bequest. The simplest way to make a planned gift is include BCF in your will, after providing for your family and loved ones, and to include a statement of purpose for which you intend the funds to be used.
Charitable Remainder Trusts. A charitable remainder trust allows you make a current gift, and create an income stream over a period of time. After that period, the remaining trust property is paid to the Brookline Community Foundation for the purpose designated by you, the donor. You will receive an income tax deduction and a gift tax charitable deduction for the value of the remainder interest at the time that you establish the trust. You may fund the charitable remainder trust by the transfer of cash, securities, real estate or other property.
Life Insurance. By assigning a life insurance policy to BCF as owner and beneficiary, a donor's premiums are tax-deductible. When the policy is redeemed, a permanent fund is created to support the charitable purposes identified by the donor.
Retirement Accounts. Naming BCF as a beneficiary of your retirement account is an easy way to make a contribution while reducing the impact of income and estate taxes by removing the asset from the donor's estate.
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