Gifts That Give Income for Life

CASA Contra Costa County offers a comprehensive planned giving program. Our staff works with donors and their advisors on many special ways of giving. If you would benefit from: payments for the rest of your life, an income tax deduction, and a reduction in capital gains tax and, if you would like to make a gift that will create a legacy for the future of the agency, please review the gift options below.

• Charitable Gift Annuity

A charitable gift annuity is a special giving arrangement where in return for an irrevocable gift of $10,000 or more, CASA Contra Costa County provides guaranteed, fixed payments to you and/or another person for the rest of your lives. The rate of your payments is based on your age when the gift is made and will not change. A portion of your annuity payments may be tax-free, depending on the specifics of the gift. A charitable gift annuity also entitles you to a partial income tax charitable deduction and may provide capital gains and estate tax benefits. After your lifetime, the remainder of your gift will support the work of CASA Contra Costa County.

Example:

Donor: One person, age 75

Amount of Gift: $20,000

Annuity Rate: 7.1%

Annual Annuity Payments: $1,420/year for the rest of her lifetime

Income tax charitable deduction: approximately $9,498.40

Figures are based on a gift made in July 2006. CASA Contra Costa County uses the annuity rates adopted by the American Council on Gift Annuities.

• Charitable Remainder Trust

To be part of the CASA Contra Costa County Charitable Remainder Trust Program, you would make an irrevocable gift of $100,000 or more to establish a distinct trust fund in your name. All donors qualify for an income tax charitable deduction. If you make your gift with appreciated securities, you avoid the capital gains tax on long-term appreciation. With a charitable remainder unitrust, your payment rate is fixed at 5% or more, but the amount fluctuates based on the value of the trust each year. With a charitable remainder annuity trust, your payment amount is fixed at 5% or more and does not fluctuate through time. In both trusts, the income is taxed as ordinary income to you. Most importantly, you have established a legacy for CASA Contra Costa County.

Charitable remainder trusts may be customized to meet your personal and family objectives, particularly if you want to provide for a friend or family member during or after your life.

Example:

Donor: Two people, age 65

Amount of Gift: $100,000

Income Tax Charitable Deduction: approximately $35,397

Type of Gift: Appreciated stock- bi-pass capital gains

Payment Rate: 5%

First Year's Income: $5,000 in year one. For subsequent years, income is based on an annual revaluation, and income can increase or decrease.

The CASA Contra Costa County staff can prepare personalized, confidential gift examples for you. If you would like more information, please contact Charlie Mead, CASA Executive Director. Click here to contact Charlie via email, or call 925-256-7284 x4.

• Pooled Income Fund

To participate in the CASA Contra Costa County Pooled Income Fund, you would make an irrevocable gift of $5,000 or more, in return for shares in the fund. Your gift and that of others is invested in the Pooled Income Fund for the duration of your life. You will receive the income earned by the fund in proportion to the number of shares you own. All donors qualify for an income tax charitable deduction. If you make your gift with appreciated securities, you avoid the capital gains tax. Your annual income will fluctuate based on the fund performance. The income is taxed as ordinary income to you. Most importantly, you have established a legacy for CASA Contra Costa County.

Example:

Donor: One person, age 60

Amount of Gift: $10,000

Income Tax Charitable Deduction: approximately $5,178.30

Payment Rate: Variable, based on earnings

First Year's Income: $350 estimated, income can increase (or decrease) in future years.

Our staff can prepare personalized, confidential gift examples for you. If you would like more information, please contact Charlie Mead, CASA Executive Director. Click here to contact Charlie via email, or call 925-256-7284 x4.

This information is for general purposes only and is not intended as legal or financial advice. CASA recommends that each person considering a planned gift consult with her or his own legal or financial advisor