A planned gift allows you to make a meaningful difference in your community. Planned giving can support your future needs and allow you to create a legacy for the future of your community. There may also be tax benefits for you and your descendants by making a planned gift.
There are many ways to make a planned gift and the information below can help get you started, but we encourage you to seek professional estate planning and legal advice when deciding the most effective way for you to give. For more information, please contact us.
Planned giving through a life insurance policy is a simple way to make a quiet, confidential gift with significant impact.
Some options for making a gift of life insurance include:
- Gifting an insurance policy that is longer needed to The Alaska Community Foundation may allow you to receive a current income tax deduction.
- Purchasing a new life insurance policy and naming The Alaska Community Foundation as the owner.
- Designating The Alaska Community Foundation as a beneficiary (sole, partial, or contingent successor) of a purchased policy.
- Replacing assets given by purchasing life insurance.
- Using regular payments from a charitable gift annuity or charitable remainder trust to establish an irrevocable life insurance trust.
Charitable Remainder Trust
When you establish a charitable remainder trust, you transfer irrevocably the ownership of assets to create the trust. You choose to receive a fixed income or income that changes with market conditions for a stated period of time. After your lifetime, the remainder of the estate is transferred to an eligible beneficiary to meet your charitable goals and benefit your community.
Income from your charitable remainder trust may add up to more than the interest and dividends you earned from holding the assets. You can use this income to supplement your own lifestyle or that of someone else.