PLANNED GIVING & TAX WISE ESTATE PLANNING
Even if you are not able to contribute the amount that you would like to at this moment, you can still provide for the Foundation in the long-term future. Planned gifts can take many forms but they all contribute to important research in our fight against pediatric cardiomyopathy. By naming the Foundation in your estate plans, you will have the satisfaction of knowing that you are leaving behind a permanent family legacy while supporting the charity of your choice. You can also benefit from several tax incentives for charitable giving. With some wise planning utilizing wills, educational, retirement, and life insurance trusts, you can maximize your retirement fund, provide for your heirs, and at the same time make significant gifts to the Foundation in a tax free manner.
When the Foundation is included in your will, the gift can be designated in a fixed amount or a percentage of your estate. You can also specify a piece of property such as real estate, stock or a valuable personal possession. Educational, retirement and life insurance trusts allow you to retain savings or investment income that would otherwise go to taxes. With educational trusts, once the educational needs of your children or grandchildren have been met the remaining funds will pass to a tax-exempt charity such as the Children's Cardiomyopathy Foundation. Retirement and insurance trusts work the same way in that after your lifetime the remaining principle would pass to the Foundation with no estate tax. Your financial planner, accountant or lawyer can guide you on how to set up these plans or you can speak to someone at the Foundation to find out more. Please call 866-808-8852 for assistance.