This document provides information and language for making bequests and planned gifts to the Humboldt Area Foundation through a will or living trust. It outlines three types of gifts: specific gifts of cash, stock, or property; residual gifts of part or all of the remaining estate after debts and expenses; and contingent gifts that take effect if the original beneficiary does not survive. It encourages donors to make current or future gifts through a variety of assets like cash, stock, life insurance, IRAs, or real estate in order to support the community and receive tax benefits. The Humboldt Area Foundation can help donors make gifts of any size and spread awareness of philanthropic opportunities.
What exactly is the charitable deduction? The charitable deduction allows you to take off the value of property you offer to charity from your property and might minimize any federal gift and estate tax that might be owed. Charitable gifting allows you to satisfy your personal philanthropic desires and satisfy your estate planning objectives.
What exactly is the charitable deduction? The charitable deduction allows you to take off the value of property you offer to charity from your property and might minimize any federal gift and estate tax that might be owed. Charitable gifting allows you to satisfy your personal philanthropic desires and satisfy your estate planning objectives.
When they choose to leave the workplace in order to stay at home and raise their young children, women make certain trade-offs. For example, they usually give up the chance to earn more money in exchange for the opportunity to spend more time with their children during their formative years.
“Sacrificing this income can make it more difficult for stay-at-home moms to save for retirement — but it doesn’t make it impossible,” says David Lerner Associates Senior Vice President Christina Nash. “It’s just as important for stay-at-home moms to plan for their retirement as it is for working moms.”
A special report that discusses what to do with your tax refund, specifically strategies to optimize the use of your income tax refund; saving for your future, improving your financial well-being, addressing risk management strategies, education savings, reducing non-deductible debt, RRSP or non-registered savings, contributing to a Tax-Free Savings Account (TFSA), building an emergency fund and receiving your tax fund earlier than expected.
As a result of RRSP contributions, interest expenses, tax shelter deductions or various other tax deductions and credits, your clients may be expecting, or have recently received, an income tax refund from the Canada Revenue Agency (CRA). If they have received a tax refund, it may be a good opportunity to determine if they can use some or all of it to improve their financial well-being. This special report will discuss some strategies that may help them use their income tax refund more wisely and assist them in meeting their financial goals.
Understanding budget creation and management is instrumental in achieving financial freedom. Here are four tips on creating a
budget for financial success.
SPOUSE SPONSORSHIP VISA:Canada Partner Visa As of October 25, 2012, sponsored spouses or partners must live two years from the day they get their permanent resident status in Canada.SUPER VISA (PARENTS):As of November 5, 2011, no new applications to sponsor parents or grandparents will be accepted for processing for up to 24 months. DEPENDENT VISA:Immigrants who have migrated to Canada under the economic immigration policies can apply under the dependent visa category to welcome their family members to live with them in Canada.
Americans are some of the most generous givers on the face of the planet. They reach into their pockets and take out their checkbooks on behalf of others more often than any other industrialized nation.
When they choose to leave the workplace in order to stay at home and raise their young children, women make certain trade-offs. For example, they usually give up the chance to earn more money in exchange for the opportunity to spend more time with their children during their formative years.
“Sacrificing this income can make it more difficult for stay-at-home moms to save for retirement — but it doesn’t make it impossible,” says David Lerner Associates Senior Vice President Christina Nash. “It’s just as important for stay-at-home moms to plan for their retirement as it is for working moms.”
A special report that discusses what to do with your tax refund, specifically strategies to optimize the use of your income tax refund; saving for your future, improving your financial well-being, addressing risk management strategies, education savings, reducing non-deductible debt, RRSP or non-registered savings, contributing to a Tax-Free Savings Account (TFSA), building an emergency fund and receiving your tax fund earlier than expected.
As a result of RRSP contributions, interest expenses, tax shelter deductions or various other tax deductions and credits, your clients may be expecting, or have recently received, an income tax refund from the Canada Revenue Agency (CRA). If they have received a tax refund, it may be a good opportunity to determine if they can use some or all of it to improve their financial well-being. This special report will discuss some strategies that may help them use their income tax refund more wisely and assist them in meeting their financial goals.
Understanding budget creation and management is instrumental in achieving financial freedom. Here are four tips on creating a
budget for financial success.
SPOUSE SPONSORSHIP VISA:Canada Partner Visa As of October 25, 2012, sponsored spouses or partners must live two years from the day they get their permanent resident status in Canada.SUPER VISA (PARENTS):As of November 5, 2011, no new applications to sponsor parents or grandparents will be accepted for processing for up to 24 months. DEPENDENT VISA:Immigrants who have migrated to Canada under the economic immigration policies can apply under the dependent visa category to welcome their family members to live with them in Canada.
Americans are some of the most generous givers on the face of the planet. They reach into their pockets and take out their checkbooks on behalf of others more often than any other industrialized nation.
Jeffrey A. Forrest, Your Safe Money for Life Coach and Co-Founder of The Core Financial Group, spotlights six ASTUTE strategies in order to maximize returns for the upcoming tax season.
The federal gift tax, when applicable, is levied upon giver of the gift or donor (not the recipient, referred to as the donee). Its purposed is to create a lifetime transfer tax on inter-generational gifts in order to back up the existing estate tax levied upon transfers at death.
The federal gift tax, when applicable, is levied upon the giver of the gift or donor (not the recipient, referred to as the donee). Its purpose is to create a lifetime transfer tax on inter-generational gifts in order to back up the existing estate tax levied upon transfers at death.
IT’S IRA SEASON – SAVE FOR RETIREMENT WHILE ENJOYING TAX BENEFITSSpencer Savings Bank
As a group, Americans are not doing well in preparing for retirement. Research shows that most Americans do not have enough money saved for retirement and many are very concerned. One of the main reasons for lack of saving are incomes that have not changed (or decreased) over the years, while cost of living continues to rise and salaries are not going as far as they once did to cover all the necessities.
To properly write a provisional patent application, it should have 1) a complete description of how the invention works and 2) a set of technical drawings that help explain how the invention works. The key concept is that a provisional patent application must fully describe how the invention works, including the components that make up the invention and how the components are arranged. If any portion of the invention is not clearly described, it is not protected!
A comprehensive analysis on how to manage finances for your retirement, for your family and more. To learn more, please visit http://www.synergisticlifeservices.com/
1. Invest In Our
Community
Create a Gift to Last
for Generations
Humboldt Area
Foundation
Language for Your Will or
Living Trust
Here are some examples of bequest language that will direct
your gift to your intended recipient:
A Specific Gift
“I give, devise and bequeath to [name, address, and tax ID number of
Humboldt Area Foundation or any other charity]
The sum of $ _______________.” or ______ % of my estate.” or
Shares of stock in __________________________Company.” or
My real property, parcel number # ________________________ ,
located at _________________________________________.”
A Residual Gift*
“I give, devise and bequeath to [name, address, and tax identification
number of Humboldt Area Foundation or any other charity] [all or a
percentage] of the residue of my estate.”
* Residue is defined as that which remains after debts and expenses of administration,
legacies and all other devices have been satisfied.
A Contingent Gift
“In the event that [name of beneficiary] does not survive, I give, devise
and bequeath the deceased beneficiary’s gift to [name, address and tax
identification number of Humboldt Area Foundation or any other charity].”
Additional information for your attorney:
Legal Name: Humboldt Area Foundation
Address: 363 Indianola Rd., Bayside, CA 95524
Tax ID#: 23-7310660
Contact: Director of Donor Services & Planned Giving
Telephone: (707) 267-9905
Tax Status: Humboldt Area Foundation is a tax-exempt not-for-profit organization as
described in sections 170(b)(1) (A)(vi) and 501(c)(3) of the Internal Revenue Code. Gifts
and bequests are deductible for income, gift and estate tax purposes.
This publication provides only general information. It is not intended as legal,
accounting or other professional advice. Consult an appropriate advisor for financial
guidance. Consult an attorney for advice on any legal document.
2. Make a Gift Today or Plan for
a Future Gift
Your charitable gift will support work that will strengthen
our community’s future. Your gift may also reduce the
amount of income tax you have to pay. Make your gift
today or plan for a future gift that will support the place
you love after your lifetime.
Give to:
• The foundation directly to support community
programs
• An existing fund
• Start a new fund
Humboldt Area Foundation can help with gifts of any
size. For more information on opportunities to make
a difference in our community, contact our Director of
Donor Services and Planned Giving at (707) 267-9905.
Spread the Word
This community is driven by us and for us. In order to
continue the good work of the foundation and move
our community forward, we need to work together.
Please spread the word.
Give from:
Cash
Gifts of cash are fully deductible (up to 50% of your
adjusted gross income), for federal tax purposes. If your
total gifts exceed this limit, the excess may be carried
forward and deducted for an additional five years. Your
check must be postmarked or hand delivered by December
31st to qualify for the current year.
Stock
You avoid paying any capital gains tax on the increase in
the value of your stock. You also receive a tax deduction for
the full fair market value of the stock on the date of the gift.
For income purposes, the value of such gifts, up to 30% of
adjusted gross income, may be deducted and the remainder
carried forward and deducted for an additional five years. If
you prefer to use depreciated stock as a gift, sell it first and
donate the proceeds to maximize your tax benefits.
Life Insurance
To receive a charitable deduction, name a charity as both
the owner and the beneficiary of the policy. If the policy
has a cash value, you can take a charitable deduction
approximately equal to the cash value at the time of the gift.
Please check with your life insurance agent for details.
IRA
Seniors 70 ½ years of age and over, may give by
transferring their IRA distribution directly to charity. By
going directly to charity, the money is not included in the
IRA owner’s income and is not taxed. This preserves the
full amount for charitable purposes. Ask your IRA to make a
qualified distribution to Humboldt Area Foundation.
REAL ESTATE AND REAL PROPERTY
Humboldt Area Foundation accepts gifts of real estate. You
may deduct the current value of appreciated real estate.
Please contact us at (707) 297-9905 for details.
$
When you feel that
you have affected
something in your
community, you feel
you have made a
difference.
— Byrd Lochtie
aGifttoLast