Support Eugene Parks Foundation
Planned or deferred giving enables you to arrange charitable contributions in a manner that maximizes personal objectives and financial goals. Many plans provide flexibility during your lifetime, and the Eugene Parks Foundation will realize their benefit sometime in the future. The most common types of deferred plans are bequests, retirement plan designations, charitable remainder trusts, and charitable gift annuities.
A bequest in your will and naming the Eugene Parks Foundation in your living trust are the easiest and most popular deferred gift plans. Donors may name the Eugene Parks Foundation as a percentage beneficiary, for a specific dollar amount or specific assets, or as a residual or contingent recipient. Your assets can be used to support the Eugene Parks Foundation for the purposes you have documented.
Retirement Plan Assets
Retirement accounts often are subject to income and estate taxes, which may be avoided or reduced through a deferred gift. Naming the Eugene Parks Foundation as a beneficiary of your retirement account can provide a meaningful gift to the Eugene Parks Foundation and produce significant tax savings for you and your heirs.
Charitable Remainder Trust
A charitable trust to benefit the Eugene Parks Foundation is established when you transfer assets (cash, securities or real estate) to a trust where the assets are invested to pay an annual, lifetime, or term-of-years income to you or other beneficiaries. When the trust matures, the remaining trust assets are distributed by the trustee according to your wishes. There are a number of charitable trusts available to meet your individual needs.
Charitable Gift Annuity
A gift annuity is a simple, contractual agreement between one or two donors and the Eugene Parks Foundation in which assets are transferred in exchange for a lifetime annuity. Donors receive an immediate charitable income tax deduction and the rates are based on the age of the donor(s) at establishment.