Support Custom Collaborative Through Planned Giving
Further your financial goals and help sustain Custom Collaborative by including us in your estate plans. Planned giving can maximize the impact of your philanthropy in a way that fits your financial, tax, and estate planning situation, regardless of your means. See below for information on options that offer a variety of benefits.
Potential benefits of planned gifts include increasing current income for the donor or others, reducing the donor's capital gains or income tax, passing assets to beneficiaries at a reduced tax cost, and helping sustain Custom Collaborative in perpetuity.
Planned gifts include:
Bequests: One of the simplest ways to make a planned gift is to include a statement in your will that a share of your estate will be distributed to Custom Collaborative.
Beneficiary Designations: You can designate Custom Collaborative to receive assets from an investment or retirement account, a life insurance policy, or a donor-advised fund, among others. This option can allow you to save income and estate taxes and maximize bequests to your family.
Tax-Free Distributions from your IRA to Custom Collaborative (Qualified Charitable Distributions): Individuals 70 ½ or older can donate as much as $100,000 from their retirement accounts to Custom Collaborative. The tax-free distributions count toward the minimum distribution that IRA holders in that age group must take from their accounts each year.
Charitable Remainder Trust: CRTs provide variable lifetime income and an immediate income tax deduction. They also bypass capital gains taxes and can reduce estate taxes.
Charitable Gift Annuities: CGAs provide a guaranteed fixed lifetime income that is partially tax-free, an income tax deduction, and attractive income rates.
Real Estate: Real estate can make an excellent charitable gift. Donors may avoid or reduce capital gains tax on appreciated property while receiving the total market value for their charitable gift.
Please let us know if you have already provided for Custom Collaborative in your estate plan. Please send an email to amelia@customcollaborative.org for more information on giving.