Planned Giving Chart of Benefits

 
Bequest (will or trust)
  • retain control during your lifetime
  • may significantly reduce or eliminate federal estate tax
  • no immediate income tax deduction
  • may be for a specific dollar amount, a percentage of the total estate, or the residual amount (leftover after expenses have been paid)
Gift annuities
  • dependable lifetime income
  • payout rate based on age - older the recipient, higher the payout rate
  • portion of each payment may be tax free
  • payments may be deferred as part of your retirement planning
Retirement assets
  • all of percentage of account may be left to charity
  • can be used to establish a life income gift plan for heirs at donor's death
  • bypasses income tax to heirs
  • possible estate tax savings
  • George Fox can be the primary or contingent beneficiary of the account
Charitable lead trusts
  • reduce or eliminate transfer taxes
  • receive gift and estate tax deductions
  • provide an income stream to George Fox for a period of time and then transfers the assets to heirs
Charitable remainder trusts
  • income stream for life of a term of years
  • may provide variable (unitrust) or fixed (annuity trust) income
  • avoidance of capital gain tax on appreciated assets
  • attractive rate of return
Life estate with residence
  • retain use of residence or vacation home
  • receive an income tax deduction
  • reduce size of estate
  • possible to receive income while living in the home

Planned gifts can be a vital part of your personal estate and financial planning strategy. You can become part of our vision at George Fox University and reap the benefits of planned giving.

For more information about any of these gift plans please contact Dave Adrian by e-mail at dadrian@georgefox.edu or phone at 503-554-2113.

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