Planning & Giving
A GIFT IN YOUR WILL
The simplest way to leave a planned gift is to make a bequest that names the fund you choose at the Sheyenne Valley Community Foundation as the recipient of a charitable gift in your will or living trust. You may contribute a specific dollar amount, a percentage of your estate, or the residual of your estate. They SVCF will work directly with your financial advisors to help maximize your potential.
A GIFT OF YOUR RETIREMENT FUNDS
Another easy way to leave a bequest is to name SVCF as the beneficiary of your retirement funds held in your IRA, 401(k), or 403(b) to add to or establish a charitable fund. This is a simple and effective way to create your legacy since it will not be subject to either estate or income taxes, as it would be if left to anyone but a spouse.
A GIFT OF LIFE INSURANCE
Like your retirement accounts, a separate beneficiary designation form determines who will receive money from your life insurance policies. Policies you own enable you to name a charitable beneficiary. A simple way to make a legacy gift is to designate SVCF as the full or partial beneficiary on the required beneficiary form. This is one of many ways to donate life insurance.
OTHER PLANNED GIFTS
A CHARITABLE GIFT ANNUITY lets you receive guaranteed income for life and an immediate charitable income tax deduction, as well as supporting charitable organizations meaningful to you.
By transferring assets to establish A CHARITABLE REMAINDER TRUST, you receive an immediate tax deduction and lifetime income for you and your named beneficiary. You can also reduce or avoid capital gains taxes associated with the gifted asset, and you would remove the assets from your estate. When the trust’s term is complete, any remaining assets pass to SVCF to establish a fund of your choice.
A CHARITABLE LEAD TRUST distributes income to your charitable fund for a period of years or during your lifetime. Then the assets return to you or your surviving family members. The result is gift and estate tax savings. A charitable lead trust can allow you to make a significant gift to charity and transfer assets to family members with little or no gift and estate tax.
Sheyenne Valley Community Foundation
Andrea Nelson, Director
250 West Main Street
Valley City ND 58702
Email: Click Here
We are so thankful to have people in our community who care about the needs of our students as well as an opportunity to collaborate with the Sheyenne Valley Community Foundation.Shari Larson, director of the Education Foundation for Valley City Public Schools