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Making a Planned Gift The Internal Revenue Service has authorized several ways that your clients can make gifts to The Community Foundation of the New River Valley that will benefit our communities in the future and provide benefits for your client. To learn more about planned giving at The Community Foundation of the New River Valley contact Lisa Garcia, director of development, at 540-381-8999 or LisaGarcia@cfnrv.org Options for planned gifts include: Bequests Charitable Remainder Trust Charitable Lead Trust Bequests Designating The Community Foundation of the New River Valley as a beneficiary of your will or living trust is a straightforward way of creating a fund. You can designate a specific amount, a percentage of your estate or the residue and remainder of it. Through the type of fund you establish you can support specific organizations, address general charitable causes, help students with scholarships or benefit an array of nonprofit needs. Click here for suggested language to share with your legal counsel. Charitable Remainder Trust A charitable remainder trust (CRT) permits your clients to make an irrevocable gift and receive an income in return. Moreover, if appreciated assets are used to fund the trust, your clients will not be subject to capital gains taxes. They will also be entitled to an income tax charitable deduction. This gift planning strategy is best suited for gifts over $250,000 and can be established during your client's lifetime or by a will. There are two types of CRTs: Unitrusts and Annuity Trusts. In both cases, the term may be for life or a period of years up to a maximum of 20 years. The minimum annual percentage payout is 5%. The Foundation can provide a list of financial organizations that can serve as trustee. By using the Foundation, your client can use trust assets to establish a fund that will support specific organizations, general charitable causes or create scholarship programs. As the recipient of the remainder trust, the Foundation will receive the assets at the end of the trust term and provide ongoing stewardship of your client's charitable wishes. Charitable Lead Trust Often described as the reverse of a CRT, a Charitable Lead Trust distributes income to your client's charitable fund for a period of years or throughout the client's lifetime. Then the assets return to the client or, more typically, to surviving family members. The result is gift and estate tax savings. If planned correctly, a CLT will allow your client to make a significant gift to charity and transfer assets to family members with reduced or no gift and estate taxes. The Community Foundation of the New River Valley P.O. Box 6009 Christiansburg Virginia 24068 Telephone: 540 381 8999 Email: cfnrv@cfnrv.org HOME ABOUT US OUR GRANTS SCHOLARSHIPS HOW TO GIVE FOR ADVISORS NEWS CONTACT US