Planned gifts help maximize the tax benefits of your charitable giving while providing a sustainable gift for a unique community treasure.
- Bequest — Include the Friends of Portland Community Gardens in your will or trust for a specific dollar amount, a percentage of your estate, or another type of provision to make a thoughtful gift and receive potential tax savings for your estate. If you prefer to restrict your gift to a particular program or area of Friends of Portland Community Gardens, please let us know.
- Charitable gift annuity — To establish a charitable gift annuity, a donor makes a gift of cash or appreciated securities to Friends of Portland Community Gardens. In exchange, the donor is eligible to receive a charitable income tax deduction and receives annual (or quarterly, or semiannual) payments for life. Payment amounts may be made to the donor or to another person and are based on the age of the person receiving the payments.
- Charitable remainder trust — A charitable remainder trust is established when cash or securities or another asset are transferred to a trust. The donor or another person receives payments from the trust for life or for a term of years (not exceeding 20). At the end of the lifetime or term of years, the trust terminates and the assets pass to charity.
- Charitable lead trust — A charitable lead trust is established when cash or securities or another asset are transferred to a trust. The donor arranges for one or more charities to receive payments from the trust. At the end of the trust term, the assets pass to the donor or family members.
- Life insurance — Name the Friends of Portland Community Gardens as beneficiary of all or a percentage of a fully paid life insurance policy you may no longer need and you may receive a charitable estate tax deduction for the portion you designate for charity.
- Retirement plan assets — Name the Friends of Portland Community Gardens as a percentage beneficiary of your retirement plan assets and your estate will receive the appropriate charitable estate tax deduction.
- Savings bonds — Gifts of savings bonds have tax consequences when transferred to individuals but may be bequeathed to charities with fewer tax ramifications. If you are thinking of making a bequest to charity and own savings bonds, considering funding your bequest with savings bonds.
- Naming opportunities – Contact Friends of Portland Community Gardens to learn more about naming opportunities.
Remember to consult your attorney or other adviser before making a bequest or planned gift. This information is for educational purposes and is not intended as legal advice.