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Planned Giving

What is planned giving?


Planned giving is a way for a donor to make a significant gift to a non-profit organization while receiving favorable tax and financial benefits during his or her lifetime. Planned gifts fall primarily into three categories:

I. BEQUESTS


Bequests offer a flexible way to support the Foundation beyond your lifetime while reducing estate taxes. A bequest is a legal provision by will, through which you name the A.C.N.M. Foundation, Inc. the recipient of the whole or a part of your estate and may be made by simply adding a codicil to your will. Your attorney or tax advisor will be able to assist you in estate planning.

Each type of bequests discussed below can be unrestricted or restricted. Since the programs and services of the Foundation can change over time, the Foundation encourages unrestricted bequests as they support the general purposes and may be used where ever the need is greatest.

Be sure to include the Foundation's legal name, the A.C.N.M. Foundation, Inc. in your bequest. The Foundation's tax identification number is 13-6227462.

Bequests can take several forms:

  • A general request leaves a specific dollar amount to the Foundation in your will. This can be cash, securities, or other property.
  • A percentage bequest is expressed as a percentage of the total estate or the residuary estate. If fortune changes the size of your estate over the years, the bequest changes in the same proportion.
  • A residuary bequest provides the Foundation with all or part of the estate property after all debts, taxes, expenses, and other bequests to family and friends have been made.


II. LIFE INCOME GIFTS


Life Income Gifts allow a donor to make a gift to the A.C.N.M. Foundation, Inc. today and receive income on the gift for life. In most cases, the donor receives an immediate tax savings. When the donor dies, the non-profit has use of the remainder value of the gift.

Charitable Gift Annuity

A Charitable Gift Annuity pays you a guaranteed income for life with no investment worries or responsibilities. You receive a rate of return, based on your age when you establish the annuity. You may receive payments quarterly, semi-annually or annually. Your gift generates a substantial charitable tax deduction, and if the gift is one of appreciated securities, you will avoid paying capital gains tax.

The annuity offers a special advantage because a portion of the guaranteed income you receive is tax free.

Charitable Remainder Trusts

By establishing a charitable remainder trust through the transfer of money or property to the Foundation, you and/or another name beneficiary receive income for life. You get current tax and financial advantages not available for bequests plus the same estate tax benefits you would get by creating a trust by will.

A charitable remainder trust can be established with contributions of cash, marketable securities and real property. The income tax charitable deduction is based on a Treasury Department equation that determines the present value of the Foundation's remainder interest.

There are two types of charitable remainder trusts - charitable remainder unitrusts and charitable remainder annuity trusts. Both involve administrative and start -up costs and must be individually managed, so they are usually created with gifts of $100,000 or more. If you establish a unitrust, the percentage paid each year may vary. With a annuity trust, the percentage is fixed.

To establish a charitable remainder trust, you irrevocably transfer money, appreciated securities or both to a trust which pays you income for life. The trust can also provide income for a survivor for life or a fixed period of time (not to exceed 20 years) After you and your survivor die, the residual is used to fund A.C.N.M. Foundation, Inc. programs.

In both cases, income must be at least five percent of the fair market value of the trust's assets. Each trust generates a substantial charitable income tax deduction for you. For gifts made with appreciated property, you will avoid significant capital gains tax.


III. OUTRIGHT GIFTS


Gifts of Marketable Securities


A gift of marketable securities enables you to take a tax deduction equal to the full fair market value of the securities on the date of the gift. You can give stocks, bonds, or other publicly traded securities. Marketable securities can be used to fulfill current pledge obligations or to make new gifts.


Gifts of Real Estate

A gift of real estate enables you to take a tax deduction equal to the full fair market of the real estate on the date of the gift. The IRS carefully reviews gift of real estate and required a detailed appraisal by a professional appraiser.

Gifts of Life Insurance

You may name the Foundation as the primary beneficiary of a life insurance policy. This may be done by transferring a policy that has outlived its initial purpose, or by making the Foundation the beneficiary of a new policy established as a gift.

As long as you pay premiums on the policy, you will receive an income tax deduction. When you transfer an existing policy to the A.C.N.M. Foundation, Inc., you get an immediate income tax deduction up to 50% of your adjusted gross income - - with a five-year carryover for any "excess". If the policy is not paid up, the charitable income tax deduction is approximately the policy's present cash surrender value.

MAKING YOUR GIFT


The A.C.N.M. Foundation, Inc. is available to assist you and your advisor in estate planning. We encourage you to discuss your plans with us before making your gift, and also to consult an attorney or financial advisor when making a planned gift to ensure the maximum financial and tax benefits for you and your family.

For gift purposes, please include the Foundation's legal name, the A.C.N.M. Foundation, Inc., a New York non-profit corporation currently having its principal office in Washington, DC. The Foundation's Internal Revenue Service 501(c)(3) tax identification number is 13-6227462. Please direct all inquiries to the Foundation at the address below.

A.C.N.M. Foundation, INC.
PO Box 380272
Cambridge, Massachusetts 02238-0272

(240) 485-1850 or fdn@acnm.org


Rev: 12/13



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