For many donors, the greatest opportunity for a major gift or to leave a legacy is with a gift at the end of their lifetime. The Sanilac County Community Foundation welcomes the opportunity to talk with you about your charitable interests and encourages you to speak with your professional advisor about what options might work best for your unique situation.
Deferred or Planned Gift
For many, a major gift when there are unknowns ahead may not be possible. One way of making sure that your charitable intent is realized is through a planned or deferred gift. Such gifts are realized upon death when the assets are no long needed. You simply designate the Sanilac County Community Foundation as the beneficiary of your asset by will, trust or other instrument.
A bequest through your will or charitable trust is one of the simplest ways to establish or add to a fund at the Sanilac County Community Foundation. This is a simple option that allows you to enjoy all of your assets while you are alive and provide a meaningful gift to the causes you care about most at the end of your lifetime.
Life insurance makes it possible for virtually everyone to make a meaningful gift. Policies that are no longer needed for their original purpose can make excellent gifts when given to the Sanilac County Community Foundation. You can either designate the SCCF as the beneficiary, or you can gift the policy during your life and likely receive an immediate income tax deduction.
Retirement assets, like life insurance, can be easily gifted to the SCCF at the end of your lifetime. This can be done by changing the beneficiary designation for the retirement asset. In addition, you can reduce income taxes payable by your family – in addition to saving estate taxes – by giving retirement assets to the Sanilac County Community Foundation.