This is a presentation on planned giving that was made to the Ottawa County Parks Foundation. It includes estate and tax planning considerations for planned giving.

1. Planned Giving-Tools to
Implement Your Generosity
P. Haans Mulder, JD, MST, MBA, CAP®, CFP®
Cunningham Dalman, P.C.
phmulder@cunninghamdalman.com
(616) 392-1821
Serving West Michigan since 1900

2. Overview
• Common client goals
• Ways to create a legacy with Ottawa County
Parks Foundation (“OCPF”)
• Vehicles for planned giving
Serving West Michigan since 1900

3. Common Client Goals
• Give to a charitable organization and have
an impact
• Minimize income taxes
• Minimize estate taxes
• Create a stream of income
Serving West Michigan since 1900

4. Create a Legacy
• Designate OCPF as a beneficiary on an asset
• Include OCPF in your estate plan
• The size of gifts range widely
• The vast majority of gifts are very simple
• Review your planning as circumstances
change
Serving West Michigan since 1900

5. Designate a Beneficiary
• Name OCPF as a beneficiary of your 401k or
IRA
• Name OCPF as a beneficiary of your annuity
• Name OCPF as a beneficiary of your life
insurance
Serving West Michigan since 1900

6. Designate a Beneficiary
• Some options will also save your
beneficiaries taxes
• OCPF as a tax exempt organization doesn’t
pay income taxes
• Those include 401k, IRA, and annuities
Serving West Michigan since 1900

7. Last Will and Testament
• Designate OCPF as a beneficiary
• Include OCPF in your last will and testament
• The gift may be a specific asset (i.e. land),
dollar amount, or percentage of the assets
Serving West Michigan since 1900

8. Living Trust
• Designate OCPF as a beneficiary in your
living trust
• The gift may be a specific asset (i.e. land),
dollar amount, or percentage of the assets
• Allocate the taxable assets to OCPF to save
taxes for other beneficiaries
Serving West Michigan since 1900

9. Vehicles for Charitable Planning
• Outright gifts
• Split-interest gifts
• Donor advised funds
Serving West Michigan since 1900

10. Outright Gifts
• Variety of assets to use
• Simple to do
• Tax benefit for gifting appreciated property
• Be aware of charitable deduction limitations
Serving West Michigan since 1900

11. Split-Interest Gifts
• Gift is “split” between a charity and an
individual or individuals (which could include
yourself)
• Charitable remainder trusts
• Charitable lead trusts
Serving West Michigan since 1900

12. Charitable Remainder Trusts
• Charitable remainder annuity trust (CRAT)
• Charitable remainder unitrust (CRUT)
• Pays an amount to an individual or
individuals for period of time and remainder
to charity
Serving West Michigan since 1900

13. Charitable Lead Trusts
• Charitable lead annuity trust (CLAT)
• Charitable lead unitrust (CLUT)
• Benefit to charity for period of time and
remainder to an individual or individuals for
terms of years (20 at most) or life
Serving West Michigan since 1900

14. Donor Advised Fund
• Create a fund with a charitable organization
(i.e. Community Foundation, National
Christian Foundation, Fidelity, etc.)
• Give to the donor advised fund
• Make grants out of the fund to charitable
organizations
Serving West Michigan since 1900

15. Thank You!
P. Haans Mulder, JD, MST, MBA, CAP®, CFP®
Cunningham Dalman, P.C.
321 Settlers Road
Holland, MI 49423
phmulder@cunninghamdalman.com
(616) 392-1821
Serving West Michigan since 1900