Tomorrow’s gifts will sustain the ministry of Loch Leven long into the future. Listed below are several planned or deferred giving opportunities
for gifts to the Loch Leven's Endowment Fund. Loch Leven’s planned giving advisor, Dan Oliver, will, at no cost to the
donor, be happy to review which type of planned gift is most appropriate for you. Contact Sloan Hamilton or Dan Oliver for
more information: 909-794-2507.
A Bequest through Your Will
You may name one of the Loch Leven endowment funds in your will, or in a codicil to your will, for
a specific dollar amount or for a percentage of your estate.
Charitable Gift Annuities
A gift annuity is a contract between you as the donor and Loch Leven where, in exchange
for a gift of cash or marketable securities, Loch Leven (through the General Church Office) will promise to pay you a guaranteed
income stream for life. The annuity (minimum of $5,000) can be for one life or two, which means you and your spouse can enjoy
this income stream at a percentage based on your life expectancy.
Charitable Remainder Trusts
Individuals most often use a charitable trust with low basis assets that produce little
or no income. Selling the asset and reinvesting for income will generate an unacceptable capital gains tax. When the asset
is gifted to a charitable remainder trust, no capital gains tax is paid so the full amount can be reinvested to provide lifetime
income to the donor or the donor and spouse.
Charitable Lead Trusts
A charitable lead trust is the opposite of the remainder
trust. It provides an income stream to Loch Leven for the term of the trust and then trust assets revert to family, typically
children or grandchildren. The primary benefit to the donor of a lead trust is it can produce significant gift tax savings
as well as estate tax savings while shifting assets to heirs outside of the estate.
By giving an insurance policy already in force, you will receive a charitable deduction
for the cash value of the policy. You may take out a new insurance policy on your life, or assign one already in force, naming
Loch Leven as the owner and beneficiary. The premiums will be tax deductible.
Retention of Life Interest
You may give a personal residence
or farm and retain lifetime use of the property. You will receive an immediate charitable deduction for the remainder value
of the gift based on your age. The property is removed from your estate for tax purposes. The donor is responsible for taxes,
insurance, and maintenance. At your death or the death of the surviving spouse, the gift becomes the property of Loch Leven.
You may name Loch Leven the
beneficiary of all or a portion of a retirement plan such as an IRA or Keogh Plan. The trustee of the plan will help you make
that beneficiary designation. Upon your death, the gift will come to Loch Leven without probate. Or, if you choose, you can
name a charitable remainder trust the beneficiary of the retirement plan. Then your heirs can receive the income for life
or a term of years with the remainder going to Loch Leven.
A Living Trust
You may name Loch Leven as a co-owner with right of survivorship of any savings account.
Upon your death, that account becomes the property of Loch Leven automatically and without probate.
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