What Is Planned Giving?
Planned giving is one of the most meaningful ways you can make an impact. A gift to the CC Taylor Foundation (CCTF) will leave a lasting benefit for generations to come and will allow the Foundation to continue our valuable work and maybe impact someone very close to you.
What Will Your Legacy Be?
Every human being creates a lifetime of relationships, accomplishments, truths, and values, that live on in those whose lives they have been privileged to bless.
Representatives from the CC Taylor Foundation would be honored to meet with you and assist you with meeting your planned giving goals so that you can see, throughout your lifetime, the impact of your philanthropic gifts at work in causes you are deeply passionate about.
People like us give generously because we love God and are “Blessed To Be A Blessing" in positive impacting life, living, and learning of multi-generations to come.
Significant Methods of Planned Giving
Remember and Celebrate
Memorials and Commemorative Gifts
Celebrate or remember a loved ones through the CC Taylor Foundation Honor and Memorial Gift Program. It is a wonderful way to commemorate significant milestones such as birthdays, holidays and weddings. This program also provides you with an opportunity to celebrate the memory of a friend or family member through a contribution to our Foundation.
Sell and Donate the Difference
Life Insurance and IRA Accounts
Donors who wish to leverage their cash donations to charity can use life insurance to accomplish their goal. By either gifting a policy outright or naming a charity as beneficiary, they can provide the charity of their choice with a large sum of money and provide a lasting legacy for a cause they believe in. Donors should consider the use of charitable riders on their cash value insurance policies to provide at least a small gift if possible. Using your IRA to make a charitable donation can help you lower your tax bill.
Donate Your Required Distribution
IRA Required Minimum Distribution
You can use your qualified charitable donation to meet all or part of your IRA's required minimum distribution (RMD) for the year. Traditional IRA owners must start taking RMDs at age 70½ or face tax penalties. The CC Taylor Foundation must receive your donation by December 31 for you to apply it to that year's tax return.
of cash or assets such as stocks, bonds, mutual funds, equipment and land. This type of planned giving is irrevocable.
Sell and Donate the Difference
A bargain sale is the purchase of property (securities, real estate, etc.) for less than its fair market value. In such case, the difference between the fair market value and the sales price constitutes a charitable gift. Thus, the donor/seller is able to recoup some cash, perhaps equal to their investment in the property, and use the balance as a charitable gift.
Transfer without Tax Liability
IRA Charitable Rollover
Taxpayers age 70 ½ or older can transfer up to $100,000 annually from their IRA accounts directly to the CC Taylor Foundation without first having to recognize the distribution as income.