There are almost as many ways to give as there are needs to be met. This is a summary of the most common forms of “planned” gifts.
Gifts That Pay You Income
Gifts You Make Today
Gifts That Benefit Amador County After Your Lifetime
- Bequests: Naming the Foundation in your will or living trust is a popular way to make a charitable gift. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made. Or, your will can specify that your heirs receive lifetime income from your estate, with the remainder going to the Foundation for charitable purposes. If you choose, the bequest can flow into a donor-advised fund for your children to carry on your family’s philanthropy. The Foundation can provide sample language for naming the Amador Community Foundation in your bequest.
- Beneficiary Designations: For those whose need for life insurance has decreased, making a gift of an unneeded policy can be a convenient and effective way of meeting your charitable goals. When you transfer ownership of a cash value policy to the Amador Community Foundation, you become eligible for a charitable tax deduction based on its current value. Changing the beneficiary of your life insurance can also be a part of your estate planning.