PLANNED GIVING

Gift Annuity

A charitable gift annuity is a combination of a gift and an investment. In exchange for a contribution of $5,000 or more (either in the form of cash or publicly traded securities), up to two beneficiaries can receive an immediate or deferred lifetime income stream (a portion of which is tax-free) along with current tax savings. In turn, you can help teach freedom’s first principles to future generations of young Americans by ensuring the continued growth and success of The Fund for American Studies.

Individual Retirement Account

Congress has re-authorized legislation that allows donors to make charitable gifts from their IRA accounts during tax years 2008 and 2009 without incurring income tax on the withdrawal. If you are age 70 or older and are required to take minimum withdrawals, this may be a great way to make a gift to The Fund for American Studies. While you cannot claim a charitable deduction for IRA gifts, you will not pay income tax on the amount. Additionally, this gift would fulfill some, or all, of your IRA minimum distribution requirement without unnecessarily increasing your taxable income or your 2009 tax liability.

Beneficiary Designations

You you may wish to name The Fund for American Studies as the beneficiary of your retirement
account or life insurance policy.

• RETIREMENT ACCOUNTS Unlike gifts of cash or property, a gift of retirement assets (IRA, 401(k), SEP, or 403(b)) to family members is subject to double taxation in the form of estate tax to the donor and income tax to the family members.
  
  As a result, these assets are particularly good candidates for testamentary (at death) charitable giving. You simply name The Fund for American Studies as the beneficiary of this account and upon your passing, your estate
  will receive an estate tax deduction for the
  value of the retirement assets donated to The Fund for American Studies and your family will avoid income taxation on the lump-sum distribution of these assets to them.
• LIFE INSURANCE A gift of life insurance typically involves naming The Fund for American Studies as the irrevocable owner and beneficiary of an insurance policy. Your charitable tax deduction in the year of transfer would equal the value of the policy. For each year that the policy is not fully paid up, you will be
  entitled to a charitable contribution deduction. Naming The Fund for American Studies as the revocable primary, alternate, or co-beneficiary of a policy (not the owner) will not provide a tax deduction.
  
  To ensure that the proceeds of your life insurance policy are available to support your surviving spouse before going to The Fund for American Studies, a variety of tax-saving trust arrangements may be considered.

Bequests

By including The Fund for American Studies in your will or estate plans, you can help future generations of students learn the values of freedom, democracy and free-market economies, thereby ensuring informed and principled leadership in the years to come. Additionally, this type of revocable gift can provide important estate tax savings to you and your family upon your passing.

• GENERAL BEQUEST is a gift that is payable from the general assets of your estate. The usual general bequest directs that a certain sum of money be paid to The Fund for American Studies.
• SPECIFIC BEQUEST gives a particular item of real or personal property to The Fund for American Studies.
• RESIDUARY BEQUEST provides The Fund for American Studies with the remainder of your estate after all of your debts, expenses and taxes have been paid, and all general and specific bequests satisfied.
• CONTINGENT BEQUEST makes The Fund for American Studies a beneficiary of your estate only when designated beneficiaries fail to survive you.
• BEQUEST BY CODICIL If you already have a will and you wish to make a bequest to The Fund for American Studies without rewriting the entire document, a codicil can be prepared by your attorney to accomplish this goal.

Please call Ed Turner at 800-741-6964, or email him at eturner@TFAS.org if you would like more information on any of the planned giving methods listed above, or if you would like to learn about other gift planning ideas that can provide significant tax and/or income benefits to you and your family while ensuring the future success of The Fund for American Studies.