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Gifts by Wills or Bequests
Wills and bequests are estate commitments that allow CHOC donors
to give in ways they may not have been able to during their
lifetime. Because of the estate tax charitable deduction,
a gift to CHOC can significantly reduce the tax burden on
your estate. For suggested bequest language,
 click
here for Sample Language for a Specific Bequest to the CHOC
Foundation language
Gift Annuities
Charitable gift annuities offer you a life-income plan in exchange
for a transfer of cash, marketable securities. This is the
simplest life-income gift and also delivers the highest annual
payments and significant
tax benefits.
Deferred Gift Annuities
This is a life-income gift designed to build younger donors’ retirement
earnings. When you defer the start of our annuity until your
retirement or a later “trigger” date, you receive
a large income tax deduction now and an additional source of
income when you need it later.
Charitable Remainder Trusts
Charitable Remainder Trusts are powerful life-income gifts
because of the financial and estate-planning flexibility
they offer. A charitable remainder trust created during life
takes advantage of income, capital gain, and estate tax savings.
The asset is transferred to the trust, which provides an
income stream to you and/or your family with the remainder
interest passing to CHOC.
Real Estate
If you would like to give your home to CHOC but would like
to continue to live in your residence during your lifetime,
there are plans to assist you with this. By giving your home
to CHOC now, you will receive an immediate charitable income
tax deduction and still enjoy your home. The amount of the
deduction it contingent upon the value or the property and
your age.
Life Insurance
You can name CHOC as the primary beneficiary of life insurance
policy. By doing this, life insurance proceeds that are payable
to a qualified charitable organization, like CHOC, will qualify
you for an estate tax charitable deduction.
Retirement Plans
CHOC can be named as the beneficiary of all or a percentage
of the residual balance of a qualified retirement plan. By
doing this you can reduce the taxes to your family.
Gifts of Security
CHOC can accept gifts of stock electronically or by mail.
When you make a gift of stock, held longer than one year,
(long
term), to CHOC, you receive a charitable income tax deduction
for the entire market value of the stock including capital
appreciation and avoid the capital gains tax you would
have owed if the stock had been sold. Please notify the
Planned
Giving office by phone to being your stock transfer.
Note: Mutual
Funds cannot be electronically transferred and may take
two to six weeks
to complete the transaction. Please
contact the office of Planned Giving at (714) 532-8690,
for more instructions prior to taking any action.
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