As a donor-advised foundation, we work for you to support your charitable intentions. Gift plans vary as to when the charity realizes your gift – now or later – and how the gift can give back to you
Assets you can gift
Cash is a common gift to charities but you can also donate many other assets, sometimes with significant tax advantages. These can include stocks, bonds, mutual funds, real estate, farm commodities, life insurance, IRAs and other retirement accounts, farm machinery, coins, toys, stamps and other collections. Anything that can be valued and sold usually can be accepted as a gift for charity.
GIFTS THAT HELP NOW
Donor advised funds
You may donate cash or other assets (see above) to your own personal donor advised fund. The asset is usually sold and the money is then available for distribution to charities you recommend at any time you wish. This tool is particularly advantageous for appreciated assets.
Family endowments
Individuals can give assets, including bequests, to establish a donor advised fund in your family name. An alternative to a private foundation. The family decides together about annual charitable distributions, and as a result, establishes a legacy of giving.
Charitable lead trusts
This arrangement provides current income from your assets to charities for a period of time but returns the assets to you or your children.
GIFTS THAT HELP LATER
Charitable bequest plans
If you indicate in your will, or by beneficiary designation, that a portion of your assets should be left as a bequest to Everence, Everence then distributes the assets to approved charities you have recommended. You can change your charitable recommendations with Everence anytime without incurring the expense of rewriting your will.
Life insurance
Give an existing policy or apply for a new one, of which Everence is both owner and beneficiary. Annual premiums can be paid through your donor advised fund and your recommended charities will receive the life insurance proceeds upon your death.
Retained life interest
You give your home or farm to charity while continuing to live on the property for your lifetime. You receive an immediate tax deduction, and the property is sold at your passing, with the proceeds distributed according to your charitable recommendations.
GIFTS THAT GIVE BACK
Gift annuities
You may give cash or securities to Everence. In return, Everence gives you guaranteed lifetime annuity payments at a fixed rate. At the end of your lifetime, the remainder goes to the charities you recommended. Immediate or deferred annuities are available.
Charitable remainder trusts
If you make a gift of an asset, such as real estate or securities, Everence will turn it into an income-producing asset within a trust fund. This provides you with income from your gift for your lifetime or a certain term (not to exceed 20 years). At the end of this period, the remainder goes to the charities you have recommended.
HERE TO HELP
Contact us for personalized, caring services and plans developed for your unique situation.