Charitable Estate Planning
Charitable Estate Planning Options
An Outright Contribution could be:
- CASH OR SECURITIES Cash gifts are fully deductible
up to 50% of the donor's adjusted gross income in any one year. Appreciated
securities which are donated yield a savings of capital gains taxation
on their appreciated value and an income tax deduction of up to 30%
of the donor's adjusted gross income. Any unused portion of the income
tax deduction may be carried over for up to five consecutive years.
- PERSONAL PROPERTY Such gifts might be jewelry,
antiques, artwork, or other tangible personal property.
- REAL ESTATE It is possible to donate your primary
residence, vacation home, or other real estate to the Kennedy Center
and the National Symphony Orchestra while still maintaining residency
on the property during your lifetime.
A Planned Contribution could be:
OR CODICIL BEQUEST A bequest in your will can be used to leave any
of the above outright gifts to the Center or to establish a planned
GIFT ANNUITY It is possible to make a donation of cash or securites
to establish a Charitable Gift Annuity to provide you or another individual
with guaranteed, partially tax-free income for life.
REMAINDER TRUST A Charitable Remainder Trust provides an individual
with income for either life or a term up to 20 years from the date the
gift is made. When the trust terminates, the Center receives the trust's
CHARITABLE LEAD TRUST A Charitable Lead Trust provides the Kennedy
Center and the National Symphony Orchestra with a steady income for
a term of years or the life of an individual. When the trust terminates,
the donor's designated heirs will receive the trust's appreciated principal.
INSURANCE There are several ways to use life insurance to make a
donation to the Kennedy Center and the National Symphony Orchestra.
The Center and Orchestra can be named as owner and beneficiary to an
existing policy or a new policy can be established.
ASSETS The combination of federal income, estate and excise taxes
can seriously erode the value of retirement savings. Naming the Kennedy
Center and the National Symphony Orchestra as a beneficiary of these
assets can save your estate and heirs both income tax and federal estate