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Planned Giving

What is Chartable Planned Giving?

Planned Giving refers to the process of making a charitable gift of your assets

to a non-profit organization such as the Standardbred Retirement Foundation (SRF).  It is philanthropy with a financial strategy for the donor. 

This gift should have consideration and planning in light of your overall estate plan.  The gift can be made while you are alive or after passing through a bequest.

Here are Several Ways

A donor my include a provision in his or her will or living will to make a specific bequest to SRF.

Charitable Trust and
Charitable Reminder Trust

Under the right circumstances, this plan can increase income to the donor, reduce taxes, and create a legacy for SRF horses with tax planning and distribution provisions in your trust. Please consult your tax or legal advisor to establish a trust.

Life Insurance

A donor may wish to name SRF as a beneficiary on an existing insurance policy, or create further life insurance benefits for SRF and your family

by working with your insurance provider.

Retirement Plans

A donor my name SRF as a beneficiary of a 401K retirement plan or IRA with simple changes to his/her beneficiary designation. 

Real Estate

Your gift of a vacation home, a primary residence. land or other real estate property permits you to continue to live in your home for as long as you live, without the donor being responsible for any real estate taxes. 

To Make a Gift

Always work with your attorney or financial planner to create the best possible legacy gift.

More Details

Donor Advised Fund

  • A donor advised fund (DAF) is a charitable account that helps you organize your giving. 

  • It’s easy to open with most major financial institutions or foundations such as: Bank of America/Merrill Lynch, BNY Mellon, Morgan Stanley, etc. 

  • Through your DAF you can recommend grants to SRF and other charities and your fund will be invested with the potential to grow more charitable dollars over time.


Charitable Lead Trust

  • Make an impact now and provide for your family later.

    • You can transfer cash or other assets to a trust that makes payments to SRF for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select. 

    • There are two ways that charitable lead trusts make payments to SRF: A charitable lead annuity trust pays a fixed amount each year to SRF and is more attractive when interest rates are low. 

    • A charitable lead unitrust pays a variable amount each year to SRF based on the value of the assets in the trust, referred to as unitrust, if the trust's assets go up in value, for example, the payments to SRF go up as well.


Charitable Remainder Trust

  • If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. (This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.) 

    • At the end of the trust term, the balance in the trust goes to SRF. 

    • These types of gifts may offer you tax benefits and the option for income. 

    • There are two ways to receive payments and each has its own benefits: 

      • The annuity trust pays you, each year, the same dollar amount you choose at the start. 

        • Your payments stay the same, regardless of fluctuations in trust investments. 

      • The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. 

      • The amount of your payments is redetermined annually. 

      • If the value of the trust increases, so do your payments. 

      • If the value decreases, however, so will your payments.

Will/Estate Planning

  1. Designate a specific dollar amount or percentage of your estate to SRF.

  2. Designate SRF as a residual beneficiary. Whatever is left over after your primary beneficiaries are gifted will go to SRF.

  3. Designate SRF as an alternative or contingent beneficiary in the event that your primary beneficiaries predecease you.


Beneficiary Designation

  • If you are not ready to commit to SRF in your will or estate, but prefer the increased flexibility that a beneficiary designation provides, then you can designate SRF as the beneficiary to your: 

    • IRAs and retirement plans 

    • Life insurance policies 

    • Donor-advised funds 

IRA Charitable Rollover

  • The IRA charitable rollover is a great way to make a tax-free gift to SRF. 

    • Gifts may satisfy or count toward the required minimum distribution (RMD) for the year.

    • Take advantage of federal, and in many cases, state income tax savings.

  • To qualify:

    • You must be at least age 70 ½ at the time of your gift distribution.

    • Distributions should be made from your IRA administrator directly to SRF 

    • Distributions must be made from a traditional IRA or Roth IRA (Some plans such as 401k, 403b, SEPs are not eligible. Please contact your plan admin for more details and options).

    • The charitable distribution must be complete by December 31 of the year it is claimed.

    • Total charitable distributions cannot exceed $100,000, per taxpayer per year.

Securities (Stocks/Mutual Funds

  • A gift of stock or mutual funds before December 31st could be your best way to maximize tax savings and meet your charitable giving goals this year.

    • For stocks that have lost value (depreciated), the key is to sell them first and then give the cash proceeds to SRF. 

      • You benefit tax-wise in two ways - you can take both the loss deduction and the charitable deduction. 

    • For stocks that have increased in value (appreciated), the key to receiving tax savings is to donate the shares directly to SRF. 

      • You receive a double tax benefit by avoiding capital gains on the profit you've gained and you will receive a full tax deduction for the fair market value of your gift.​


Real Estate

  • Deferred Charitable Gift Annuity

    • Are you tired of the hassles of maintaining your property such as paying taxes, utilities, and repair bills? Consider donating the property to SRF in exchange for reliable payments for life for you (and someone else, if you choose). 

    • When you arrange a charitable gift annuity, you receive a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. 

    • If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. 

    • A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

  • Bargain Sale

    • When you make a bargain sale, you sell your property to our organization for less than what it's worth. 

    • The difference between the actual value and the sale price is considered a gift to SRF. 

    • A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift that can give you a lump sum of cash and a charitable deduction (when you itemize) at the same time.

It is best to obtain professional advice from your tax planner or legal advisor.

Should you have any questions, kindly contact Judith Bokman

at SRF-609 738-3255,

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