 Planned Giving
Sunburst Projects accepts a wide variety of planned gifts from our generous donors. A planned gift is simply a gift from a donor who has provided for Sunburst Projects through some form of estate planning.
Most often, Sunburst Projects receives planned gifts of bequests (a gift of cash or property left through a will) or charitable remainder trusts (a gift through a trust agreement established while the donor is still alive). In addition, donors can establish planned gifts by naming Sunburst Projects as a beneficiary of a life insurance policy or a retirement plan.
A will is the easiest and most effective means to ensure that you fully provide for your family and that your assets are distributed as you wish.
Gifts by will, or bequests, both large and small are important to Sunburst Projects. Many friends have remembered Sunburst Projects in their will while providing for their family at the same time.
There are several ways you can include Sunburst Projects or Camp Sunburst in your will to insure the longevity and growth of our agency and programs.
- Residual or Percentage Bequest
Gives the residue, or a portion of the residue, of your estate to Sunburst Projects or Camp Sunburst after specific bequests have been made.
- Specific or General Bequest
Leaves a standard amount of cash, securities, and/or property to Sunburst Projects or Camp Sunburst.
- Contingent Bequest
Provides an alternative beneficiary, such as Sunburst Projects or Camp Sunburst, if more of your bequests cannot be fulfilled.
- Life-income Bequest
Provides a life income to someone close to you with the principal passing to the agency after his or her lifetime.
- Combination Bequest
Combines several of the types of gifts listed above.
Talk to your attorney or financial advisor about your option and please consider Sunburst Projects or Camp Sunburst.
You can name Sunburst Projects or Camp Sunburst as the beneficiary of part or all of your retirement plan or your IRA. Retirement plans designated as charitable gifts may provide significant tax savings. Rather than see retirement assets diminished by taxes, you can direct that these assets be used to fund Sunburst Projects or Camp Sunburst from your estate.
This can actually result in more assets being passed on to your family than would be the case if retirement assets were left solely to the family. This is because the amount left for Sunburst Projects or Camp Sunburst, while included in the taxable estate, is completely deductible from the estate as a charitable gift.
Again, we suggest you speak with your attorney or financial advisor regarding this and other options that can benefit you and help support the work of Sunburst Projects and Camp Sunburst. Less than 6 percent of households include non-profits in their estate plan. Just imagine the difference in our world if everyone made some donation to non-profits.
Gifts of appreciated securities (stocks) are a popular alternative to making a cash gift as they may offer you additional tax advantages. This donation will entitle you to a tax deduction for the full market value of the securities. To learn how to initate a charitable securities transfer, please call Robert McDaniel at 414-482-2735 or email
robert.s.mcdaniel@smithbarney.com. Please consult your tax advisor, financial advisor, or estate planning attorney for additional information.
Back to Top
|
