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Planned Giving 

Bequests
A bequest in a will is a popular planned giving option because it provides estate tax benefits. Donors may bequeath a fixed percentage of their estate, a specific amount in dollars, or the remainder of their estate after other provisions of the will have been satisfied. Types of bequests include:
  • Restrictive bequest – is restricted for a specific purpose
  • Unrestrictive bequest – is flexible because it can be used for the College’s greatest need
  • Endowed bequest – allows the fund principal to be preserved and the income to be used for specific purposes.
  • Contingent bequest – names FVTC as a contingent beneficiary in case the initial beneficiary predeceases the donor. Naming FVTC as a contingent beneficiary is a way to ensure that assets do not get caught up in probate.
Charitable Gift Annuities
Establishing a charitable gift annuity (CGA) is a wonderful way for a donor to secure steady payments for themselves while providing benefits for a charitable organization.
 
A CGA is an agreement in which you donate cash or appreciated securities to the Foundation in exchange for a stream of regular payouts. Your gift acts as an investment, generating income for you (and an additional annuitant, if desired) for the rest of your life. The charitable income tax deduction varies according to your age and is taken in the year the gift is made. The payments received may be partially tax-free.

Charitable Remainder Trusts
Establishing a charitable remainder trust (CRT) is another wonderful way for a donor to secure payments for themselves while providing benefits for a charitable organization. In a CRT, the donor makes a gift in trust for the current benefit of an individual, sometimes themselves, with the remainder of the assets ultimately going to the charity. The trust pays the beneficiary an income, either for life or a period of time based on a fixed percentage of the fair market value of the trust assets valued each year. The charitable income tax deduction varies based on the number and ages of the income beneficiaries, the payout rate, and the frequency of payments.

Gifts of Life Insurance
Life insurance policies can be donated directly to a charitable organization or the charitable organization can simply be names as the beneficiary. For the gift of a paid-up policy, the policy’s value is a charitable contribution in the year of transfer. In both options, the donor removes the proceeds from their estate for federal tax purposes.

Gifts of Retirement Plan Assets
Retirement plans and Individual Retirement Accounts (IRAs) are subject to both income tax and estate taxes and may carry extremely high tax costs. Donors may mitigate some of the tax burdens by naming a charitable organization as the beneficiary of the plan or IRA.

Contact Us

Fox Valley Technical College Foundation, Inc.
1825 N. Bluemound Drive
PO Box 2277
Appleton, WI 54912-2277
Phone: 920-735-5608
Fax: 920-735-2582
E-Mail: foundation@fvtc.edu

Three Graduates by Building photo

   Maintained by:

   Kathy Riske

   Last Modified:
   11/16/2011 12:33:41 PM